Southside Bancshares, Inc. $SBSI Shares Bought by Hantz Financial Services Inc.

Hantz Financial Services Inc. raised its holdings in Southside Bancshares, Inc. (NASDAQ:SBSI) by 2,858.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,012 shares of the bank’s stock after purchasing an additional 1,944 shares during the period. Hantz Financial Services Inc.’s holdings in Southside Bancshares were worth $59,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SBSI. American Century Companies Inc. lifted its position in shares of Southside Bancshares by 8.8% in the first quarter. American Century Companies Inc. now owns 307,188 shares of the bank’s stock valued at $8,896,000 after acquiring an additional 24,934 shares in the last quarter. Principal Financial Group Inc. raised its position in Southside Bancshares by 2.7% in the first quarter. Principal Financial Group Inc. now owns 141,885 shares of the bank’s stock valued at $4,109,000 after purchasing an additional 3,726 shares during the period. Bridgeway Capital Management LLC grew its stake in shares of Southside Bancshares by 3.9% in the first quarter. Bridgeway Capital Management LLC now owns 111,711 shares of the bank’s stock valued at $3,235,000 after buying an additional 4,198 shares in the last quarter. Public Sector Pension Investment Board grew its stake in shares of Southside Bancshares by 26.7% in the first quarter. Public Sector Pension Investment Board now owns 90,308 shares of the bank’s stock valued at $2,615,000 after buying an additional 19,009 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Southside Bancshares by 5.4% in the first quarter. Empowered Funds LLC now owns 82,211 shares of the bank’s stock valued at $2,381,000 after buying an additional 4,198 shares in the last quarter. 55.70% of the stock is owned by institutional investors and hedge funds.

Southside Bancshares Stock Performance

Shares of SBSI stock opened at $28.78 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.18. The stock has a 50 day simple moving average of $29.01 and a 200-day simple moving average of $29.24. The company has a market cap of $865.15 million, a price-to-earnings ratio of 9.89 and a beta of 0.68. Southside Bancshares, Inc. has a 12-month low of $25.85 and a 12-month high of $38.00.

Wall Street Analyst Weigh In

Several research analysts recently commented on SBSI shares. Stephens reissued an “equal weight” rating and set a $36.00 target price on shares of Southside Bancshares in a research note on Friday, September 19th. Keefe, Bruyette & Woods decreased their price target on Southside Bancshares from $32.00 to $31.00 and set a “market perform” rating for the company in a report on Monday, October 27th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $33.50.

Southside Bancshares 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.