Southside Bancshares Inc. (NASDAQ:SBSI) shares hit a new 52-week high on Friday . The company traded as high as $31.55 and last traded at $31.47, with a volume of 33,829 shares changing hands. The stock had previously closed at $30.65.

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

The firm’s 50-day moving average price is $30.08 and its 200 day moving average price is $26.25. The stock has a market capitalization of $822.85 million and a PE ratio of 17.349.

Southside Bancshares (NASDAQ:SBSI) last posted its earnings results on Friday, April 29th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.10. Equities research analysts forecast that Southside Bancshares Inc. will post $2.07 EPS for the current year.

In related news, Director Alton Cade, Jr. sold 1,000 shares of the business’s stock in a transaction on Monday, June 13th. The shares were sold at an average price of $30.17, for a total transaction of $30,170.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Brian K. Mccabe sold 1,100 shares of the business’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 transaction, the executive vice president now owns 14,030 shares of the company’s stock, valued at $413,885. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have bought and sold shares of the stock. Tributary Capital Management LLC increased its position in 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 in the last quarter. First Trust Advisors LP increased its position in 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 in the last quarter. California Public Employees Retirement System increased its position in 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 in the last quarter. Finally, California State Teachers Retirement System increased its position in 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 in the last quarter.

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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