Southside Bancshares Hits New 1-Year High on Analyst Upgrade (SBSI)
Shares of Southside Bancshares (NASDAQ:SBSI) reached a new 52-week high on Wednesday after Keefe, Bruyette & Woods raised their price target on the stock from $24.00 to $28.00, American Banking News.com reports. The company traded as high as $29.37 and last traded at $28.33, with a volume of 69,492 shares. The stock had previously closed at $27.83.
Separately, analysts at Zacks downgraded shares of Southside Bancshares from an “outperform” rating to a “neutral” rating in a research note on Tuesday, December 24th. They now have a $30.40 price target on the stock.
The stock has a 50-day moving average of $26.75 and a 200-day moving average of $26.. The company has a market cap of $513.9 million and a P/E ratio of 14.54.
Southside Bancshares (NASDAQ:SBSI) last released its earnings data on Monday, February 10th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.30. Analysts expect that Southside Bancshares will post $2.20 EPS for the current fiscal year.
Southside Bancshares, Inc (NASDAQ:SBSI) bank holding company for Southside Bank.
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