Southside Bancshares Inc. (NASDAQ:SBSI)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $31.55 and last traded at $31.47, with a volume of 33,829 shares trading hands. The stock had previously closed at $30.65.

Separately, Zacks Investment Research raised shares of Southside Bancshares from a “hold” rating to a “strong-buy” rating and set a $33.00 price target for the company in a research note on Wednesday, May 18th.

The firm has a market capitalization of $820.36 million and a PE ratio of 17.30. The stock’s 50-day moving average is $30.01 and its 200-day moving average is $26.20.

Southside Bancshares (NASDAQ:SBSI) last announced its quarterly earnings data on Friday, April 29th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.10. On average, analysts forecast that Southside Bancshares Inc. will post $2.05 EPS for the current fiscal year.

In other news, Director Alton Cade, Jr. sold 1,000 shares of the company’s stock in a transaction on Monday, June 13th. The shares were sold at an average price of $30.17, for a total value of $30,170.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brian K. Mccabe sold 1,100 shares of the company’s stock in a transaction on Monday, May 9th. The shares were sold at an average price of $29.50, for a total transaction of $32,450.00. Following the completion of the sale, the executive vice president now directly owns 14,030 shares of the company’s stock, valued at approximately $413,885. The disclosure for this sale can be found here.

Several large investors have made changes to their positions in the stock. California State Teachers Retirement System boosted its stake in shares of Southside Bancshares by 2.0% in the fourth quarter. California State Teachers Retirement System now owns 46,964 shares of the company’s stock worth $1,128,000 after buying an additional 900 shares during the period. First Trust Advisors LP boosted its stake in shares of Southside Bancshares by 33.5% in the fourth quarter. First Trust Advisors LP now owns 51,681 shares of the company’s stock worth $1,241,000 after buying an additional 12,967 shares during the period. California Public Employees Retirement System boosted its stake in shares of Southside Bancshares by 1.9% in the fourth quarter. California Public Employees Retirement System now owns 91,359 shares of the company’s stock worth $2,194,000 after buying an additional 1,700 shares during the period. Tributary Capital Management LLC boosted its stake in shares of Southside Bancshares by 11.3% in the fourth quarter. Tributary Capital Management LLC now owns 261,743 shares of the company’s stock worth $6,287,000 after buying an additional 26,484 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Southside Bancshares by 14.1% in the fourth quarter. American Century Companies Inc. now owns 900,720 shares of the company’s stock worth $21,635,000 after buying an additional 111,401 shares during the period.

Southside Bancshares, Inc (Southside) is a bank holding company for Southside Bank (the Bank). The Company is a community-focused financial institution that offers a range of financial services to individuals, businesses, municipal entities, and nonprofit organizations in the communities. The Company operates through approximately 60 banking centers, over 20 of which are located in grocery stores, and 25 motor bank facilities.

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