Southside Bancshares, Inc. (NASDAQ:SBSI - Get Free Report) insider Suni M. Davis sold 2,220 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $36.00, for a total transaction of $79,920.00. Following the transaction, the insider now directly owns 9,202 shares in the company, valued at approximately $331,272. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Southside Bancshares Price Performance
SBSI stock opened at $35.39 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.32. Southside Bancshares, Inc. has a 12 month low of $25.30 and a 12 month high of $37.58. The firm has a market cap of $1.07 billion, a P/E ratio of 12.78 and a beta of 0.55. The company's 50-day moving average price is $33.32 and its two-hundred day moving average price is $30.48.
Southside Bancshares (NASDAQ:SBSI - Get Free Report) last released its earnings results on Thursday, October 24th. The bank reported $0.68 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.05). The firm had revenue of $113.87 million during the quarter, compared to the consensus estimate of $68.25 million. Southside Bancshares had a net margin of 18.94% and a return on equity of 10.64%. During the same period in the prior year, the business earned $0.60 earnings per share. On average, analysts anticipate that Southside Bancshares, Inc. will post 2.98 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Southside Bancshares
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC grew its holdings in shares of Southside Bancshares by 54.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,099 shares of the bank's stock valued at $30,000 after purchasing an additional 387 shares during the last quarter. CWM LLC grew its holdings in shares of Southside Bancshares by 447.5% during the 2nd quarter. CWM LLC now owns 3,099 shares of the bank's stock valued at $86,000 after purchasing an additional 2,533 shares during the last quarter. EntryPoint Capital LLC boosted its position in Southside Bancshares by 57.0% during the 1st quarter. EntryPoint Capital LLC now owns 3,293 shares of the bank's stock worth $96,000 after buying an additional 1,195 shares during the period. Point72 Asset Management L.P. boosted its position in Southside Bancshares by 48.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 5,043 shares of the bank's stock worth $139,000 after buying an additional 1,643 shares during the period. Finally, Bill Few Associates Inc. acquired a new stake in Southside Bancshares during the 3rd quarter worth approximately $222,000. 55.70% of the stock is owned by institutional investors.
Analyst Ratings Changes
SBSI has been the topic of a number of recent research reports. StockNews.com lowered shares of Southside Bancshares from a "hold" rating to a "sell" rating in a research report on Tuesday. Hovde Group raised their price target on shares of Southside Bancshares from $31.00 to $37.00 and gave the stock a "market perform" rating in a research report on Monday, July 29th.
Check Out Our Latest Stock Analysis on Southside Bancshares
About Southside Bancshares
(
Get Free Report)
Southside Bancshares, Inc operates as the bank holding company for Southside Bank that provides a range of financial services to individuals, businesses, municipal entities, and nonprofit organizations. Its deposit products include savings, money market, and interest and noninterest bearing checking accounts, as well as certificates of deposits.
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