Southside Bancshares, Inc. (NASDAQ:SBSI) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP boosted its holdings in Southside Bancshares, Inc. (NASDAQ:SBSI) by 34.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,890 shares of the bank’s stock after acquiring an additional 1,006 shares during the quarter. Quantbot Technologies LP’s holdings in Southside Bancshares were worth $124,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Southside Bancshares by 61.1% during the fourth quarter. GAMMA Investing LLC now owns 1,337 shares of the bank’s stock valued at $42,000 after purchasing an additional 507 shares during the period. State of New Jersey Common Pension Fund D increased its stake in Southside Bancshares by 1.6% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 59,618 shares of the bank’s stock valued at $1,893,000 after buying an additional 932 shares during the period. Rhumbline Advisers raised its position in shares of Southside Bancshares by 1.4% during the 4th quarter. Rhumbline Advisers now owns 87,307 shares of the bank’s stock worth $2,773,000 after buying an additional 1,244 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Southside Bancshares by 172.6% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,176 shares of the bank’s stock worth $106,000 after acquiring an additional 2,011 shares during the period. Finally, FMR LLC boosted its holdings in shares of Southside Bancshares by 226.9% in the third quarter. FMR LLC now owns 3,432 shares of the bank’s stock valued at $115,000 after acquiring an additional 2,382 shares in the last quarter. Institutional investors own 55.70% of the company’s stock.

Wall Street Analyst Weigh In

SBSI has been the subject of a number of research analyst reports. Stephens cut their target price on Southside Bancshares from $38.00 to $37.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. StockNews.com raised Southside Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Finally, Raymond James assumed coverage on shares of Southside Bancshares in a research report on Tuesday, January 14th. They issued a “market perform” rating on the stock.

Southside Bancshares Price Performance

NASDAQ SBSI opened at $28.90 on Monday. The stock has a market capitalization of $878.39 million, a P/E ratio of 9.93 and a beta of 0.56. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.76 and a current ratio of 0.76. The business’s fifty day moving average is $30.63 and its two-hundred day moving average is $32.50. Southside Bancshares, Inc. has a 1 year low of $25.30 and a 1 year high of $38.00.

Southside Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 4.98%. The ex-dividend date was Thursday, February 20th. Southside Bancshares’s dividend payout ratio is 49.48%.

About Southside Bancshares

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.