Dimensional Fund Advisors LP lifted its holdings in Southside Bancshares, Inc. (NASDAQ:SBSI - Free Report) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,319,916 shares of the bank's stock after acquiring an additional 49,565 shares during the period. Dimensional Fund Advisors LP owned 4.35% of Southside Bancshares worth $41,921,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the business. Barclays PLC increased its position in Southside Bancshares by 137.6% during the 3rd quarter. Barclays PLC now owns 59,263 shares of the bank's stock valued at $1,981,000 after buying an additional 34,316 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Southside Bancshares by 79.3% in the third quarter. JPMorgan Chase & Co. now owns 385,154 shares of the bank's stock valued at $12,876,000 after purchasing an additional 170,287 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Southside Bancshares by 61.1% during the 4th quarter. GAMMA Investing LLC now owns 1,337 shares of the bank's stock worth $42,000 after purchasing an additional 507 shares during the period. Wedge Capital Management L L P NC acquired a new position in Southside Bancshares during the 4th quarter worth about $673,000. Finally, Empowered Funds LLC boosted its stake in shares of Southside Bancshares by 5.1% in the 4th quarter. Empowered Funds LLC now owns 78,013 shares of the bank's stock valued at $2,478,000 after buying an additional 3,763 shares during the period. Hedge funds and other institutional investors own 55.70% of the company's stock.
Southside Bancshares Stock Performance
Shares of NASDAQ SBSI traded down $0.10 during trading hours on Friday, hitting $28.80. 13,441 shares of the stock were exchanged, compared to its average volume of 115,726. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.76 and a quick ratio of 0.76. The company's 50 day moving average is $28.42 and its 200 day moving average is $31.35. Southside Bancshares, Inc. has a one year low of $25.30 and a one year high of $38.00. The firm has a market capitalization of $870.16 million, a P/E ratio of 9.90 and a beta of 0.65.
Southside Bancshares (NASDAQ:SBSI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The bank reported $0.71 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.04. The business had revenue of $100.29 million during the quarter, compared to analyst estimates of $67.37 million. Southside Bancshares had a net margin of 19.40% and a return on equity of 11.10%. During the same quarter last year, the business posted $0.71 earnings per share. On average, research analysts expect that Southside Bancshares, Inc. will post 2.84 EPS for the current year.
Southside Bancshares Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 22nd will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 5.00%. Southside Bancshares's dividend payout ratio (DPR) is currently 49.48%.
Analyst Ratings Changes
Several analysts have commented on the company. StockNews.com raised Southside Bancshares from a "sell" rating to a "hold" rating in a research note on Friday. Stephens cut their price target on Southside Bancshares from $38.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 30th. Finally, Raymond James started coverage on shares of Southside Bancshares in a research note on Tuesday, January 14th. They set a "market perform" rating on the stock.
Read Our Latest Analysis on SBSI
About Southside Bancshares
(
Free Report)
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 deposits.
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