Pingora Partners LLC Makes New $2.05 Million Investment in Southside Bancshares, Inc. $SBSI

Posted by Brenda Bartman on Aug 27th, 2026

Pingora Partners LLC acquired a new stake in shares of Southside Bancshares, Inc. (NYSE:SBSI – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 58,375 shares of the company’s stock, valued at approximately $2,054,000. Southside Bancshares comprises 1.2% of Pingora Partners LLC’s holdings, making the stock its 20th largest position. Pingora Partners LLC owned approximately 0.20% of Southside Bancshares as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Pinnacle Wealth Management Advisory Group LLC acquired a new position in shares of Southside Bancshares in the 4th quarter worth approximately $465,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Southside Bancshares in the fourth quarter valued at $1,260,000. Quantinno Capital Management LP raised its stake in Southside Bancshares by 75.6% during the first quarter. Quantinno Capital Management LP now owns 37,875 shares of the company’s stock worth $1,178,000 after acquiring an additional 16,306 shares in the last quarter. Fifth Third Bancorp raised its stake in Southside Bancshares by 35,847.8% during the first quarter. Fifth Third Bancorp now owns 16,536 shares of the company’s stock worth $514,000 after acquiring an additional 16,490 shares in the last quarter. Finally, Sei Investments Co. bought a new position in shares of Southside Bancshares during the first quarter valued at $640,000. 55.70% of the stock is owned by institutional investors and hedge funds.

Southside Bancshares Price Performance

SBSI opened at $32.04 on Thursday. The company has a fifty day moving average price of $33.59 and a two-hundred day moving average price of $32.74. The firm has a market capitalization of $955.11 million, a PE ratio of 12.61 and a beta of 0.60. Southside Bancshares, Inc. has a 52 week low of $26.32 and a 52 week high of $36.20. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.74 and a current ratio of 0.74.

Southside Bancshares (NYSE:SBSI – Get Free Report) last posted its quarterly earnings results on Friday, July 24th. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.04. Southside Bancshares had a return on equity of 11.16% and a net margin of 16.70%.The company had revenue of $71.34 million for the quarter, compared to the consensus estimate of $75.00 million. As a group, analysts anticipate that Southside Bancshares, Inc. will post 3.24 earnings per share for the current year.

Southside Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Thursday, August 20th. This is a positive change from Southside Bancshares’s previous quarterly dividend of $0.36. Southside Bancshares’s dividend payout ratio (DPR) is currently 58.27%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Zacks Research lowered shares of Southside Bancshares from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Keefe, Bruyette & Woods decreased their price objective on shares of Southside Bancshares from $37.00 to $35.00 and set a “market perform” rating on the stock in a research note on Monday, August 3rd. Weiss Ratings lowered shares of Southside Bancshares from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 20th. Piper Sandler cut their target price on shares of Southside Bancshares from $37.00 to $33.00 and set a “neutral” rating for the company in a research note on Monday, July 27th. Finally, Benchmark began coverage on Southside Bancshares in a report on Wednesday, June 24th. They issued a “hold” rating on the stock. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $34.75.

Read Our Latest Stock Report on Southside Bancshares

About Southside Bancshares

(Free Report)

Southside Bancshares Inc is a bank holding company headquartered in Tyler, Texas. Through its subsidiary, Southside Bank, it provides a broad array of commercial and consumer banking services to individuals and businesses. The company’s offerings include deposit products, loan facilities and treasury management solutions tailored to the needs of its clientele. Established in 1974, Southside Bancshares has grown its footprint across East and North Texas while maintaining a community banking focus.

In the commercial banking segment, the company extends financing for real estate development, construction projects, equipment purchases and working capital needs.