Renaissance Technologies LLC Purchases 20,800 Shares of Southside Bancshares, Inc. (NASDAQ:SBSI)

Renaissance Technologies LLC increased its position in shares of Southside Bancshares, Inc. (NASDAQ:SBSI - Free Report) by 4.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 538,985 shares of the bank's stock after purchasing an additional 20,800 shares during the quarter. Renaissance Technologies LLC owned approximately 1.78% of Southside Bancshares worth $17,118,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its holdings in Southside Bancshares by 226.9% during the 3rd quarter. FMR LLC now owns 3,432 shares of the bank's stock valued at $115,000 after acquiring an additional 2,382 shares during the period. Jane Street Group LLC lifted its holdings in Southside Bancshares by 119.5% during the 3rd quarter. Jane Street Group LLC now owns 53,571 shares of the bank's stock worth $1,791,000 after purchasing an additional 29,163 shares in the last quarter. Barclays PLC grew its holdings 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. Geode Capital Management LLC increased its position in shares of Southside Bancshares by 0.5% during the third quarter. Geode Capital Management LLC now owns 671,666 shares of the bank's stock valued at $22,458,000 after buying an additional 3,097 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Southside Bancshares in the third quarter worth about $511,000. 55.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Stephens decreased their target price on shares of Southside Bancshares from $38.00 to $37.00 and set an "equal weight" rating on the stock in a report on Thursday, January 30th. Raymond James began coverage on shares of Southside Bancshares in a report on Tuesday, January 14th. They issued a "market perform" rating on the stock. Finally, StockNews.com raised Southside Bancshares from a "sell" rating to a "hold" rating in a research note on Tuesday, April 15th.

Southside Bancshares Trading Up 0.7 %

Shares of NASDAQ SBSI traded up $0.20 during mid-day trading on Friday, hitting $27.59. The stock had a trading volume of 123,325 shares, compared to its average volume of 115,682. The firm has a market cap of $838.52 million, a P/E ratio of 9.48 and a beta of 0.58. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.76 and a current ratio of 0.76. The business has a 50 day moving average price of $29.11 and a two-hundred day moving average price of $31.80. Southside Bancshares, Inc. has a 1 year low of $25.30 and a 1 year high of $38.00.

Southside Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 20th were issued a dividend of $0.36 per share. The ex-dividend date was Thursday, February 20th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.22%. Southside Bancshares's dividend payout ratio is presently 49.48%.

Southside Bancshares Company Profile

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.