Southside Bancshares Stock Rating Lowered by Zacks (SBSI)
Southside Bancshares (NASDAQ:SBSI) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report issued on Wednesday, Analyst Ratings Network.com reports. They currently have a $29.00 target price on the stock. Zacks‘ price target points to a potential upside of 10.22% from the company’s current price.
Shares of Southside Bancshares (NASDAQ:SBSI) traded up 2.28% during mid-day trading on Wednesday, hitting $26.91. 8,864 shares of the company’s stock traded hands. Southside Bancshares has a 52-week low of $19.1143 and a 52-week high of $27.58. The stock’s 50-day moving average is $25.98 and its 200-day moving average is $23.67. The company has a market cap of $480.8 million and a price-to-earnings ratio of 13.40.
Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Southside Bancshares from $18.00 to $21.00 in a research note to investors on Monday, July 29th.
Southside Bancshares, Inc (NASDAQ:SBSI) bank holding company for Southside Bank.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.