Southside Bancshares (NYSE:SBSI) Raised to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Southside Bancshares to “buy” from “hold,” though the broader analyst consensus remains “hold” with an average price target of $34.75.
• Southside reported quarterly EPS of $0.93, exceeding the $0.79 consensus estimate, while revenue of $76.14 million also topped expectations.
• The stock opened at $33.65 and was trading up 1.1%; institutional investors own approximately 55.7% of shares.

Southside Bancshares (NYSE:SBSI - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday, Wall Street Zen reports.

Other analysts have also issued research reports about the company. Zacks Research raised Southside Bancshares from a "strong sell" rating to a "hold" rating in a research note on Thursday, September 24th. Stephens set a $37.00 price objective on shares of Southside Bancshares in a research report on Monday, July 27th. Keefe, Bruyette & Woods decreased their price objective on shares of Southside Bancshares from $37.00 to $35.00 and set a "market perform" rating for the company in a report on Monday, August 3rd. Piper Sandler dropped 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 report on Monday, July 27th. Finally, Weiss Ratings lowered shares of Southside Bancshares from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, October 12th. Six research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $34.75.

Southside Bancshares Trading Up 1.1%

SBSI opened at $33.65 on Friday. Southside Bancshares has a one year low of $27.59 and a one year high of $36.20. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.89 and a quick ratio of 0.74. The business has a 50 day simple moving average of $31.38 and a two-hundred day simple moving average of $32.39. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 10.17 and a beta of 0.61.

Southside Bancshares (NYSE:SBSI - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.14. Southside Bancshares had a return on equity of 11.58% and a net margin of 21.48%. The firm had revenue of $76.14 million for the quarter, compared to analyst estimates of $72.67 million. Analysts predict that Southside Bancshares will post 3.27 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SBSI. Vise Technologies Inc. bought a new stake in Southside Bancshares during the 3rd quarter valued at about $220,000. Pinnacle Associates Ltd. lifted its stake in shares of Southside Bancshares by 4.4% in the third quarter. Pinnacle Associates Ltd. now owns 43,398 shares of the company's stock worth $1,305,000 after buying an additional 1,824 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Southside Bancshares by 14.3% in the third quarter. Nisa Investment Advisors LLC now owns 2,723 shares of the company's stock worth $82,000 after buying an additional 341 shares in the last quarter. Fortitude Family Office LLC bought a new position in shares of Southside Bancshares in the third quarter worth approximately $30,000. Finally, Bill Few Associates Inc. grew its holdings in shares of Southside Bancshares by 4.6% during the third quarter. Bill Few Associates Inc. now owns 10,926 shares of the company's stock valued at $329,000 after buying an additional 482 shares during the last quarter. 55.70% of the stock is currently owned by institutional investors.

Trending Headlines about Southside Bancshares

Here are the key news stories impacting Southside Bancshares this week:

• Positive Sentiment: Quarterly earnings exceeded expectations. Southside reported diluted EPS of $0.93, up from $0.80 a year earlier and $0.14 above the $0.79 consensus estimate. Revenue was approximately $74.0 million to $76.1 million, exceeding the roughly $72.7 million analyst forecast. Southside Bancshares Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Profitability remained solid. Management highlighted a 1.27% return on average assets and a 16.31% return on average tangible common equity. The company also reported an 11.16% return on equity and a 16.70% net margin, supporting the view that operating performance remains healthy. Southside Bancshares Announces Third-Quarter Financial Results
• Positive Sentiment: Near-term repricing could support net interest income. Approximately 55% of the loan portfolio is expected to reprice within 90 days, potentially allowing Southside to benefit if lending yields remain favorable or interest-rate conditions improve. Southside Moderates 2026 Loan Growth Outlook
• Neutral Sentiment: The earnings call emphasized strong quarterly execution and profitability, but investors will focus on whether these results can continue amid changing rates and a slower-growth banking environment. Southside Bancshares Q3 2026 Earnings Call Transcript
• Negative Sentiment: Loan-growth expectations were reduced. Southside moderated its 2026 loan-growth outlook to the low-to-mid single-digit range, signaling softer demand or a more cautious underwriting stance and limiting a potential source of balance-sheet expansion. Southside Moderates 2026 Loan Growth Outlook

Southside Bancshares Company Profile

Southside Bancshares, Inc is a Texas-based financial holding company and the parent company of Southside Bank. Founded in 1960 and headquartered in Tyler, Texas, the company provides banking and financial services to individuals, businesses, and institutions.

Southside Bank offers a range of deposit products, including checking, savings, money market, and certificate of deposit accounts. Its lending activities include residential and commercial real estate loans, construction financing, commercial and industrial loans, consumer loans, and other forms of business credit.

The bank also provides treasury management, online and mobile banking, wealth management, trust and fiduciary services, and other financial solutions.

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