$0.58 EPS Expected for Southside Bancshares, Inc. (SBSI)

April 20, 2018 - By wolcottdaily

Southside Bancshares, Inc. (NASDAQ:SBSI) LogoInvestors sentiment decreased to 1.19 in 2017 Q4. Its down 0.44, from 1.63 in 2017Q3. It is negative, as 11 investors sold Southside Bancshares, Inc. shares while 32 reduced holdings. 14 funds opened positions while 37 raised stakes. 14.56 million shares or 1.08% more from 14.40 million shares in 2017Q3 were reported.
Envestnet Asset Mgmt reported 0% in Southside Bancshares, Inc. (NASDAQ:SBSI). Rhumbline Advisers reported 0% of its portfolio in Southside Bancshares, Inc. (NASDAQ:SBSI). Great West Life Assurance Can has 0% invested in Southside Bancshares, Inc. (NASDAQ:SBSI). Chatham Capital Group Inc invested in 25,156 shares or 0.23% of the stock. Third Avenue Limited Liability Corporation accumulated 0.32% or 198,385 shares. Vanguard Gru Incorporated has 1.77 million shares for 0% of their portfolio. Teacher Retirement Systems Of Texas accumulated 9,593 shares. Comerica National Bank & Trust has invested 0.01% in Southside Bancshares, Inc. (NASDAQ:SBSI). Moreover, Dubuque Bank Trust has 0.04% invested in Southside Bancshares, Inc. (NASDAQ:SBSI) for 7,005 shares. Glenmede Company Na holds 0% or 1,626 shares in its portfolio. Ubs Asset Americas reported 0% stake. The Massachusetts-based State Street Corporation has invested 0% in Southside Bancshares, Inc. (NASDAQ:SBSI). The California-based California State Teachers Retirement Sys has invested 0% in Southside Bancshares, Inc. (NASDAQ:SBSI). First Dallas Secs Inc invested 0.08% in Southside Bancshares, Inc. (NASDAQ:SBSI). Citigroup invested in 0% or 12,875 shares.

Since November 13, 2017, it had 3 insider purchases, and 1 insider sale for $126,919 activity. $4,503 worth of Southside Bancshares, Inc. (NASDAQ:SBSI) shares were bought by Garrett John Robert. On Monday, November 13 MORGAN TONY K bought $35,450 worth of Southside Bancshares, Inc. (NASDAQ:SBSI) or 1,000 shares. Shares for $26,394 were sold by Boyd Peter M.

Analysts expect Southside Bancshares, Inc. (NASDAQ:SBSI) to report $0.58 EPS on April, 27.They anticipate $0.07 EPS change or 13.73 % from last quarter’s $0.51 EPS. SBSI’s profit would be $20.33 million giving it 15.07 P/E if the $0.58 EPS is correct. After having $0.41 EPS previously, Southside Bancshares, Inc.’s analysts see 41.46 % EPS growth. The stock increased 1.01% or $0.35 during the last trading session, reaching $34.97. About 134,116 shares traded. Southside Bancshares, Inc. (NASDAQ:SBSI) has risen 8.87% since April 20, 2017 and is uptrending. It has underperformed by 2.68% the S&P500.

Southside Bancshares, Inc. (NASDAQ:SBSI) Ratings Coverage

Among 2 analysts covering Southside Bancshares (NASDAQ:SBSI), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Southside Bancshares had 3 analyst reports since October 27, 2017 according to SRatingsIntel. Piper Jaffray maintained Southside Bancshares, Inc. (NASDAQ:SBSI) rating on Tuesday, February 6. Piper Jaffray has “Hold” rating and $38.0 target. Piper Jaffray maintained the shares of SBSI in report on Friday, October 27 with “Hold” rating. Keefe Bruyette & Woods maintained Southside Bancshares, Inc. (NASDAQ:SBSI) rating on Thursday, December 21. Keefe Bruyette & Woods has “Hold” rating and $38.0 target.

Southside Bancshares, Inc. operates as a bank holding firm for Southside Bank that provides a range of financial services to individuals, businesses, municipal entities, and nonprofit organizations. The company has market cap of $1.23 billion. The Company’s deposit products include savings, money market, and interest and noninterest bearing checking accounts, as well as certificates of deposit. It has a 19.32 P/E ratio. The companyÂ’s loan portfolio comprises consumer loans that include 1-4 family residential loans, home equity loans, home improvement loans, automobile loans, and other installment loans; commercial loans, such as short-term working capital loans for inventory and accounts receivable, short and medium-term loans for equipment or other business capital expansion, commercial real estate loans, and municipal loans; and construction loans for 1-4 family residential and commercial real estate.

Southside Bancshares, Inc. (NASDAQ:SBSI) Institutional Positions Chart

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