In a report released today, Graham Dick from Piper Sandler maintained a Hold rating on Southside Bancshares (SBSI – Research Report), with a price target of $33.00. The company’s shares closed yesterday at $30.00.
Dick covers the Financial sector, focusing on stocks such as Investar Holding, Home Bancorp, and Southside Bancshares. According to TipRanks, Dick has an average return of 1.3% and a 60.00% success rate on recommended stocks.
Currently, the analyst consensus on Southside Bancshares is a Hold with an average price target of $32.00.
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Based on Southside Bancshares’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $65.43 million and a net profit of $26.03 million. In comparison, last year the company earned a revenue of $59.67 million and had a net profit of $25.09 million
Based on the recent corporate insider activity of 144 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SBSI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Southside Bancshares, Inc. operates as a bank holding company of Southside Bank. It offers checking, saving & retirement accounts, certificate of deposits, debit, credit cards, mobile banking, loans, mortgage & equity lending, identity theft prevention, electronic banking, healthcare banking and business loans. The company was founded in 1960 and is headquartered in Tyler, TX.
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