Walthausen & Co. LLC Has $14.76 Million Stake in Southside Bancshares, Inc. (NASDAQ:SBSI)

Walthausen & Co. LLC lifted its stake in Southside Bancshares, Inc. (NASDAQ:SBSI) by 2.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 422,315 shares of the bank’s stock after buying an additional 8,556 shares during the quarter. Southside Bancshares makes up about 1.4% of Walthausen & Co. LLC’s investment portfolio, making the stock its 15th largest position. Walthausen & Co. LLC owned about 1.44% of Southside Bancshares worth $14,756,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Southside Bancshares by 2.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,433 shares of the bank’s stock worth $225,000 after buying an additional 158 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Southside Bancshares by 5.8% in the second quarter. The Manufacturers Life Insurance Company now owns 21,143 shares of the bank’s stock worth $739,000 after buying an additional 1,158 shares in the last quarter. Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of Southside Bancshares by 2.5% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 11,218 shares of the bank’s stock worth $391,000 after buying an additional 273 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of Southside Bancshares by 11.1% in the second quarter. Voya Investment Management LLC now owns 14,993 shares of the bank’s stock worth $524,000 after buying an additional 1,501 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Southside Bancshares by 6.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,298,766 shares of the bank’s stock worth $45,379,000 after buying an additional 82,423 shares in the last quarter. 51.45% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently issued reports on SBSI shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $38.00 price target on shares of Southside Bancshares in a research note on Tuesday, August 29th. Zacks Investment Research raised shares of Southside Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. BidaskClub downgraded shares of Southside Bancshares from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Finally, Piper Jaffray Companies started coverage on shares of Southside Bancshares in a research note on Friday, September 22nd. They set a “neutral” rating and a $37.00 price target on the stock.

In other Southside Bancshares news, COO Brian K. Mccabe sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $33.00, for a total value of $49,500.00. Following the completion of the sale, the chief operating officer now owns 16,658 shares in the company, valued at $549,714. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Tim Carter sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $33.95, for a total value of $237,650.00. The disclosure for this sale can be found here. 17.20% of the stock is currently owned by insiders.

Southside Bancshares, Inc. (NASDAQ:SBSI) traded down 0.49% during midday trading on Thursday, reaching $36.66. 18,881 shares of the company were exchanged. Southside Bancshares, Inc. has a 52 week low of $30.47 and a 52 week high of $38.08. The stock has a market capitalization of $1.08 billion, a P/E ratio of 19.30 and a beta of 0.81. The firm’s 50 day moving average price is $34.67 and its 200-day moving average price is $34.03.

Southside Bancshares (NASDAQ:SBSI) last announced its quarterly earnings results on Friday, July 28th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.04). Southside Bancshares had a net margin of 25.30% and a return on equity of 10.42%. The business had revenue of $44.72 million during the quarter, compared to analys

Several other hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Southside Bancshares by 2.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,433 shares of the bank’s stock worth $225,000 after buying an additional 158 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Southside Bancshares by 5.8% in the second quarter. The Manufacturers Life Insurance Company now owns 21,143 shares of the bank’s stock worth $739,000 after buying an additional 1,158 shares in the last quarter. Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of Southside Bancshares by 2.5% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 11,218 shares of the bank’s stock worth $391,000 after buying an additional 273 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of Southside Bancshares by 11.1% in the second quarter. Voya Investment Management LLC now owns 14,993 shares of the bank’s stock worth $524,000 after buying an additional 1,501 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Southside Bancshares by 6.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,298,766 shares of the bank’s stock worth $45,379,000 after buying an additional 82,423 shares in the last quarter. 51.45% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently issued reports on SBSI shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $38.00 price target on shares of Southside Bancshares in a research note on Tuesday, August 29th. Zacks Investment Research raised shares of Southside Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. BidaskClub downgraded shares of Southside Bancshares from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Finally, Piper Jaffray Companies started coverage on shares of Southside Bancshares in a research note on Friday, September 22nd. They set a “neutral” rating and a $37.00 price target on the stock.

In other Southside Bancshares news, COO Brian K. Mccabe sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $33.00, for a total value of $49,500.00. Following the completion of the sale, the chief operating officer now owns 16,658 shares in the company, valued at $549,714. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Tim Carter sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $33.95, for a total value of $237,650.00. The disclosure for this sale can be found here. 17.20% of the stock is currently owned by insiders.

Southside Bancshares, Inc. (NASDAQ:SBSI) traded down 0.49% during midday trading on Thursday, reaching $36.66. 18,881 shares of the company were exchanged. Southside Bancshares, Inc. has a 52 week low of $30.47 and a 52 week high of $38.08. The stock has a market capitalization of $1.08 billion, a P/E ratio of 19.30 and a beta of 0.81. The firm’s 50 day moving average price is $34.67 and its 200-day moving average price is $34.03.

Southside Bancshares (NASDAQ:SBSI) last announced its quarterly earnings results on Friday, July 28th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.04). Southside Bancshares had a net margin of 25.30% and a return on equity of 10.42%. The business had revenue of $44.72 million during the quarter, compared to analyst estimates of $50.40 million. Equities analysts forecast that Southside Bancshares, Inc. will post $2.07 EPS for the current fiscal year.

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Southside Bancshares Company Profile

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. These services include consumer and commercial loans, deposit accounts, trust services, safe deposit services and brokerage services.

Institutional Ownership by Quarter for Southside Bancshares (NASDAQ:SBSI)

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