Swiss National Bank raised its holdings in shares of Southside Bancshares, Inc. (NASDAQ:SBSI) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,318 shares of the bank’s stock after acquiring an additional 1,200 shares during the period. Swiss National Bank owned approximately 0.18% of Southside Bancshares worth $2,277,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC bought a new stake in Southside Bancshares during the 4th quarter valued at $121,000. BBVA USA Bancshares Inc. bought a new stake in shares of Southside Bancshares in the 4th quarter worth $209,000. US Bancorp DE raised its stake in shares of Southside Bancshares by 5.8% in the 4th quarter. US Bancorp DE now owns 6,036 shares of the bank’s stock worth $224,000 after buying an additional 331 shares in the last quarter. State of Tennessee Treasury Department raised its stake in shares of Southside Bancshares by 8.5% in the 3rd quarter. State of Tennessee Treasury Department now owns 14,255 shares of the bank’s stock worth $486,000 after buying an additional 1,121 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of Southside Bancshares by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 49,968 shares of the bank’s stock worth $1,704,000 after buying an additional 597 shares in the last quarter. 54.41% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Tony K. Morgan purchased 1,000 shares of Southside Bancshares stock in a transaction on Tuesday, March 3rd. The stock was bought at an average price of $32.82 per share, with a total value of $32,820.00. Insiders acquired 1,123 shares of company stock valued at $37,238 in the last ninety days. Insiders own 5.80% of the company’s stock.
SBSI has been the topic of a number of recent research reports. ValuEngine upgraded Southside Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, December 12th. Zacks Investment Research upgraded Southside Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Finally, BidaskClub upgraded Southside Bancshares from a “strong sell” rating to a “sell” rating in a report on Thursday, February 27th.
SBSI traded up $0.02 during trading on Wednesday, reaching $32.84. 1,739 shares of the stock traded hands, compared to its average volume of 116,867. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 14.87 and a beta of 0.70. Southside Bancshares, Inc. has a fifty-two week low of $31.29 and a fifty-two week high of $37.89. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.78 and a quick ratio of 0.78. The stock’s 50-day simple moving average is $35.79 and its two-hundred day simple moving average is $35.15.
Southside Bancshares (NASDAQ:SBSI) last released its quarterly earnings data on Friday, January 31st. The bank reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.04). Southside Bancshares had a net margin of 26.33% and a return on equity of 9.55%. The firm had revenue of $55.68 million for the quarter, compared to analyst estimates of $55.50 million. During the same period in the previous year, the business posted $0.50 EPS. Research analysts anticipate that Southside Bancshares, Inc. will post 2.28 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Thursday, February 20th will be given a $0.31 dividend. The ex-dividend date is Wednesday, February 19th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.78%. Southside Bancshares’s dividend payout ratio is currently 56.36%.
Southside Bancshares Profile
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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