Southside Bancshares, Inc. (NASDAQ:SBSI) has been given an average broker rating score of 3.00 (Hold) from the two analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating.

Brokerages have set a one year consensus price target of $37.25 for the company and are expecting that the company will post $0.50 EPS for the current quarter, according to Zacks. Zacks has also assigned Southside Bancshares an industry rank of 24 out of 265 based on the ratings given to related companies.

Several research analysts recently issued reports on SBSI shares. ValuEngine upgraded shares of Southside Bancshares from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. BidaskClub upgraded shares of Southside Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. Zacks Investment Research upgraded shares of Southside Bancshares from a “strong sell” rating to a “hold” rating in a research report on Saturday. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $37.00 price target on shares of Southside Bancshares in a research note on Tuesday, October 3rd. Finally, Piper Jaffray Companies began coverage on shares of Southside Bancshares in a research note on Friday, September 22nd. They issued a “neutral” rating and a $37.00 price target for the company.

Southside Bancshares (NASDAQ:SBSI) opened at $34.35 on Friday. Southside Bancshares has a 1 year low of $30.44 and a 1 year high of $37.57. The stock has a market cap of $1,185.43, a price-to-earnings ratio of 18.01 and a beta of 0.76. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.62 and a quick ratio of 0.62.

Southside Bancshares (NASDAQ:SBSI) last announced its earnings results on Friday, October 27th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.05). Southside Bancshares had a return on equity of 10.32% and a net margin of 25.70%. The company had revenue of $44.37 million during the quarter, compared to analysts’ expectations of $51.00 million. analysts predict that Southside Bancshares will post 1.97 EPS for the current fiscal year.

In other Southside Bancshares news, Director Michael J. Bosworth sold 4,512 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $33.94, for a total value of $153,137.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Peter M. Boyd sold 750 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $35.19, for a total transaction of $26,392.50. Following the completion of the sale, the executive vice president now directly owns 3,563 shares of the company’s stock, valued at $125,381.97. The disclosure for this sale can be found here. Insiders own 17.20% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. lifted its stake in Southside Bancshares by 2.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,433 shares of the bank’s stock worth $225,000 after purchasing an additional 158 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in Southside Bancshares by 2.5% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 8,754 shares of the bank’s stock worth $306,000 after purchasing an additional 213 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in Southside Bancshares by 2.5% in the second quarter. UBS Asset Management Americas Inc. now owns 10,607 shares of the bank’s stock worth $371,000 after purchasing an additional 257 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its stake in shares of Southside Bancshares by 2.5% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 11,218 shares of the bank’s stock valued at $391,000 after acquiring an additional 273 shares during the last quarter. Finally, Pinebridge Investments L.P. raised its stake in shares of Southside Bancshares by 0.5% during the second quarter. Pinebridge Investments L.P. now owns 60,522 shares of the bank’s stock valued at $2,115,000 after acquiring an additional 288 shares during the last quarter. 43.21% of the stock is owned by institutional investors and hedge funds.

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Southside Bancshares Company Profile

Southside Bancshares, Inc (Southside) is a bank holding company for Southside Bank (the Bank). The Company is a community-focused financial institution that offers a range of financial services to individuals, businesses, municipal entities, and nonprofit organizations in the communities. These services include consumer and commercial loans, deposit accounts, trust services, safe deposit services and brokerage services.

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