Southside Bancshares, Inc. (NASDAQ:SBSI) Stock Holdings Raised by Jane Street Group LLC

Jane Street Group LLC lifted its stake in shares of Southside Bancshares, Inc. (NASDAQ:SBSI) by 119.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 53,571 shares of the bank’s stock after purchasing an additional 29,163 shares during the period. Jane Street Group LLC owned about 0.18% of Southside Bancshares worth $1,791,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Point72 DIFC Ltd bought a new position in Southside Bancshares during the 3rd quarter worth approximately $83,000. Quantbot Technologies LP raised its position in shares of Southside Bancshares by 190.1% during the 3rd quarter. Quantbot Technologies LP now owns 2,884 shares of the bank’s stock valued at $96,000 after acquiring an additional 1,890 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its position in shares of Southside Bancshares by 172.6% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,176 shares of the bank’s stock valued at $106,000 after acquiring an additional 2,011 shares in the last quarter. FMR LLC lifted its stake in Southside Bancshares by 226.9% during the third quarter. FMR LLC now owns 3,432 shares of the bank’s stock worth $115,000 after purchasing an additional 2,382 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its stake in Southside Bancshares by 48.3% during the second quarter. Point72 Asset Management L.P. now owns 5,043 shares of the bank’s stock valued at $139,000 after purchasing an additional 1,643 shares during the last quarter. 55.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Southside Bancshares

In other news, insider Suni M. Davis sold 2,220 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $36.00, for a total transaction of $79,920.00. Following the transaction, the insider now directly owns 9,202 shares of the company’s stock, valued at approximately $331,272. This trade represents a 19.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lee R. Gibson sold 3,300 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $36.74, for a total transaction of $121,242.00. Following the completion of the sale, the chief executive officer now directly owns 57,272 shares of the company’s stock, valued at $2,104,173.28. The trade was a 5.45 % decrease in their position. The disclosure for this sale can be found here. 5.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Southside Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th.

Southside Bancshares Stock Up 0.9 %

NASDAQ:SBSI opened at $32.29 on Thursday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average of $34.45 and a 200-day moving average of $32.30. The firm has a market capitalization of $978.65 million, a PE ratio of 11.66 and a beta of 0.56. Southside Bancshares, Inc. has a 52 week low of $25.30 and a 52 week high of $38.00.

Southside Bancshares (NASDAQ:SBSI) last issued its quarterly earnings data on Thursday, October 24th. The bank reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.05). The company had revenue of $113.87 million for the quarter, compared to the consensus estimate of $68.25 million. Southside Bancshares had a return on equity of 10.64% and a net margin of 18.94%. During the same quarter in the previous year, the company earned $0.60 earnings per share. Analysts predict that Southside Bancshares, Inc. will post 2.98 EPS for the current year.

Southside Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 21st were given a $0.36 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $1.44 annualized dividend and a yield of 4.46%. Southside Bancshares’s dividend payout ratio is presently 51.99%.

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.