Southside Bancshares, Inc. (NASDAQ:SBSI) CFO Julie Shamburger acquired 3,250 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was purchased at an average price of $34.88 per share, for a total transaction of $113,360.00. Following the completion of the transaction, the chief financial officer now owns 14,164 shares in the company, valued at $494,040.32. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Southside Bancshares, Inc. (NASDAQ SBSI) opened at $34.57 on Wednesday. Southside Bancshares, Inc. has a 52-week low of $31.20 and a 52-week high of $37.57. The company has a market cap of $1,222.90, a PE ratio of 18.42 and a beta of 0.77. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.77 and a current ratio of 0.77.
Southside Bancshares (NASDAQ:SBSI) last released its quarterly earnings results on Tuesday, February 6th. The bank reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.09). Southside Bancshares had a return on equity of 9.50% and a net margin of 24.14%. The company had revenue of $47.41 million for the quarter, compared to the consensus estimate of $53.50 million. sell-side analysts anticipate that Southside Bancshares, Inc. will post 2.48 earnings per share for the current fiscal year.
Several brokerages recently weighed in on SBSI. BidaskClub upgraded shares of Southside Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. ValuEngine upgraded shares of Southside Bancshares from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. Finally, Zacks Investment Research downgraded shares of Southside Bancshares from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 8th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $37.33.
Several hedge funds have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC bought a new stake in shares of Southside Bancshares during the 4th quarter worth about $438,000. Millennium Management LLC bought a new stake in shares of Southside Bancshares during the 4th quarter worth about $1,333,000. Goldman Sachs Group Inc. raised its position in shares of Southside Bancshares by 46.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 91,153 shares of the bank’s stock worth $3,070,000 after buying an additional 28,826 shares in the last quarter. Deutsche Bank AG raised its position in shares of Southside Bancshares by 99.6% during the 4th quarter. Deutsche Bank AG now owns 73,216 shares of the bank’s stock worth $2,463,000 after buying an additional 36,534 shares in the last quarter. Finally, Advisor Group Inc. raised its position in shares of Southside Bancshares by 87.7% during the 4th quarter. Advisor Group Inc. now owns 3,985 shares of the bank’s stock worth $135,000 after buying an additional 1,862 shares in the last quarter. Institutional investors own 42.82% of the company’s stock.
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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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