Piper Sandler analyst Graham Dick maintained a Hold rating on Southside Bancshares (SBSI – Research Report) today and set a price target of $30.00. The company’s shares closed yesterday at $27.82.
Dick covers the Financial sector, focusing on stocks such as Investar Holding, Business First Bancshares, and Home Bancorp. According to TipRanks, Dick has an average return of -5.7% and a 16.67% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Southside Bancshares with a $31.00 average price target.
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Based on Southside Bancshares’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $64.45 million and a net profit of $24.89 million. In comparison, last year the company earned a revenue of $60.81 million and had a net profit of $25.41 million
Based on the recent corporate insider activity of 144 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SBSI in relation to earlier this year.
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Southside Bancshares (SBSI) Company Description:
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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