Keefe Bruyette & Woods Maintains Southside Bancshares to Market Perform with Price Target $32.00

Brokerage firm Keefe Bruyette & Woods Maintains its rating on Southside Bancshares(NASDAQ:SBSI). In a research note issued to the investors, the brokerage major Raises the price-target to $32.00 per share. The shares have been rated Market Perform. The rating by Keefe Bruyette & Woods was issued on Aug 1, 2016.

Southside Bancshares (SBSI) shares turned negative on Mondays trading session with the shares closing down -0.21 points or -0.66% at a volume of 50,432. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $31.98. The peak price level was also seen at $31.98 while the days lowest was $31.54. Finally the shares closed at $31.59. The 52-week high of the shares is $33.62 while the 52-week low is $18.609523. According to the latest information available, the market cap of the company is $829 M.

Southside Bancshares(SBSI) last announced its earnings results on Jul 29, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $43.75M. Analysts had an estimated revenue of $48.57M. Earnings per share were $0.43. Analysts had estimated an EPS of $0.50.

Several Insider Transactions has been reported to the SEC. On Jun 22, 2016, Brian K Mccabe (CIO & EVP) sold 550 shares at $30.35 per share price.Also, On Jun 20, 2016, John Robert Garrett (director) purchased 96 shares at $30.25 per share price.On Jun 13, 2016, Alton Jr Cade (director) sold 1,000 shares at $30.17 per share price, according to the Form-4 filing with the securities and exchange commission.

Southside Bancshares Inc. (Southside) is a bank holding company for Southside Bank (the Bank). The Company is a community-focused financial institution that offers a range of financial services to individuals businesses municipal entities and nonprofit organizations in the communities that the Company serves. The Company operates through approximately 64 banking centers approximately 19 of which are located in grocery stores and approximately 26 motor bank facilities. Its services include consumer and commercial loans deposit accounts trust services safe deposit services and brokerage services. The Company’s consumer loan services include one-to-four family residential mortgage loans home equity loans home improvement loans automobile loans and other installment loans.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Southside Bancshares - Is it time to Sell?

Top Brokerage Firms are advising their investors on Southside Bancshares. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.