Southside Bancshares, Inc. (NASDAQ:SBSI) Director Herbert C. Buie Buys 1,990 Shares

Southside Bancshares, Inc. (NASDAQ:SBSIGet Free Report) Director Herbert C. Buie acquired 1,990 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was bought at an average price of $32.52 per share, with a total value of $64,714.80. Following the transaction, the director now directly owns 407,501 shares in the company, valued at $13,251,932.52. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Southside Bancshares Price Performance

SBSI opened at $31.30 on Thursday. The company has a fifty day moving average price of $30.67 and a two-hundred day moving average price of $29.91. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.77 and a current ratio of 0.77. Southside Bancshares, Inc. has a 52 week low of $25.38 and a 52 week high of $40.38. The firm has a market capitalization of $945.26 million, a PE ratio of 11.14 and a beta of 0.56.

Southside Bancshares (NASDAQ:SBSIGet Free Report) last released its earnings results on Friday, January 26th. The bank reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). Southside Bancshares had a return on equity of 11.59% and a net margin of 21.92%. The business had revenue of $68.50 million for the quarter, compared to analyst estimates of $64.82 million. During the same period in the prior year, the firm posted $0.88 EPS. Southside Bancshares’s revenue was down 3.9% on a year-over-year basis. As a group, analysts anticipate that Southside Bancshares, Inc. will post 2.73 earnings per share for the current year.

Institutional Trading of Southside Bancshares

A number of institutional investors have recently bought and sold shares of SBSI. JPMorgan Chase & Co. grew its holdings in Southside Bancshares by 17.3% during the 1st quarter. JPMorgan Chase & Co. now owns 85,324 shares of the bank’s stock worth $3,484,000 after acquiring an additional 12,588 shares during the period. American Century Companies Inc. grew its holdings in Southside Bancshares by 22.6% during the 1st quarter. American Century Companies Inc. now owns 36,813 shares of the bank’s stock worth $1,503,000 after acquiring an additional 6,774 shares during the period. Citigroup Inc. grew its holdings in Southside Bancshares by 13.5% during the 1st quarter. Citigroup Inc. now owns 28,795 shares of the bank’s stock worth $1,176,000 after acquiring an additional 3,423 shares during the period. MetLife Investment Management LLC grew its holdings in shares of Southside Bancshares by 53.7% in the 1st quarter. MetLife Investment Management LLC now owns 17,437 shares of the bank’s stock valued at $712,000 after buying an additional 6,090 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Southside Bancshares by 14.3% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 27,891 shares of the bank’s stock valued at $1,139,000 after buying an additional 3,497 shares during the period. Institutional investors and hedge funds own 57.48% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Southside Bancshares in a research report on Thursday, October 5th. They issued a “sell” rating for the company.

Read Our Latest Stock Report on Southside Bancshares

About Southside Bancshares

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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 deposit.

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