Is there a Bearish outlook for Southside Bancshares, Inc. (NASDAQ:SBSI) this week?

June 16, 2018 - By Marie Mckinney

Southside Bancshares, Inc. (NASDAQ:SBSI) LogoInvestors sentiment increased to 1.41 in 2018 Q1. Its up 0.22, from 1.19 in 2017Q4. It is positive, as 7 investors sold Southside Bancshares, Inc. shares while 34 reduced holdings. 18 funds opened positions while 40 raised stakes. 15.38 million shares or 5.65% more from 14.56 million shares in 2017Q4 were reported.
Pinebridge Invs Limited Partnership has invested 0.06% in Southside Bancshares, Inc. (NASDAQ:SBSI). Credit Suisse Ag, Switzerland-based fund reported 23,532 shares. Aqr Capital Mgmt Ltd Llc accumulated 7,124 shares. Aperio Limited Liability Corporation invested in 0% or 18,530 shares. Price T Rowe Associates Inc Md stated it has 0% of its portfolio in Southside Bancshares, Inc. (NASDAQ:SBSI). Barclays Public Ltd Liability Com holds 9,166 shares. Piedmont Investment Advsr Lc holds 5,910 shares or 0.01% of its portfolio. D E Shaw And Inc has 28,852 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 2,818 shares or 0% of all its holdings. Ameriprise Financial accumulated 0% or 152,431 shares. Citigroup stated it has 13,752 shares or 0% of all its holdings. Great West Life Assurance Can holds 36,108 shares. Rhumbline Advisers reported 65,566 shares or 0% of all its holdings. Moreover, Virginia Retirement Et Al has 0.01% invested in Southside Bancshares, Inc. (NASDAQ:SBSI). Fifth Third Commercial Bank invested in 709 shares.

Since February 20, 2018, it had 3 buys, and 0 selling transactions for $120,767 activity. Garrett John Robert bought $4,503 worth of Southside Bancshares, Inc. (NASDAQ:SBSI) on Tuesday, February 20.

Southside Bancshares, Inc. (NASDAQ:SBSI) Ratings Coverage

Among 2 analysts covering Southside Bancshares (NASDAQ:SBSI), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Southside Bancshares had 2 analyst reports since December 21, 2017 according to SRatingsIntel. The firm has “Hold” rating by Piper Jaffray given on Tuesday, February 6. The firm has “Hold” rating by Keefe Bruyette & Woods given on Thursday, December 21. Below is a list of Southside Bancshares, Inc. (NASDAQ:SBSI) latest ratings and price target changes.

06/02/2018 Broker: Piper Jaffray Rating: Hold New Target: $38.0 Maintain
21/12/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $38.0 Maintain

The stock increased 0.70% or $0.24 during the last trading session, reaching $34.69. About 187,021 shares traded or 22.05% up from the average. Southside Bancshares, Inc. (NASDAQ:SBSI) has risen 1.82% since June 16, 2017 and is uptrending. It has underperformed by 10.75% the S&P500.

Southside Bancshares, Inc. operates as a bank holding firm for Southside Bank that provides a range of financial services to individuals, businesses, municipal entities, and nonprofit organizations. The company has market cap of $1.22 billion. The Company’s deposit products include savings, money market, and interest and noninterest bearing checking accounts, as well as certificates of deposit. It has a 19.17 P/E ratio. The companyÂ’s loan portfolio comprises consumer loans that include 1-4 family residential loans, home equity loans, home improvement loans, automobile loans, and other installment loans; commercial loans, such as short-term working capital loans for inventory and accounts receivable, short and medium-term loans for equipment or other business capital expansion, commercial real estate loans, and municipal loans; and construction loans for 1-4 family residential and commercial real estate.

Southside Bancshares, Inc. (NASDAQ:SBSI) Institutional Positions Chart

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