5 Bank Stocks With Insider Buying and Selling Last Week

2. SouthState Corp (NASDAQ:SSB)

Florida-based SouthState Corp. is the bank holding company of South State Bank. The bank has several branches in South Carolina, North Carolina, Georgia, Florida, Alabama and Virginia. On March 10, Page G Ruffner JR, a bank’s director, bought 14,000 shares of the company at $71.75 per piece. The stock has gained about 5.3% since the transaction.

But SouthState also saw some insider selling activity recently. Douglas Lloyd Williams, President, Atlanta Banking Grp of SouthState Corp, on March 6 sold 23,400 SouthState shares at $85.01

According to Insider Monkey’s proprietary database of 943 hedge funds, 24 hedge funds had stakes in SouthState at the end of the fourth quarter of 2022. The net worth of these hedge funds’ stakes was about $440 million. The biggest hedge fund stakeholder of the company was Robert Joseph Caruso’s Select Equity Group, with a $239 million stake.