Captrust Financial Advisors Has $1.13 Million Holdings in Southside Bancshares, Inc. (NASDAQ:SBSI)

Captrust Financial Advisors lowered its stake in Southside Bancshares, Inc. (NASDAQ:SBSI) by 7.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,425 shares of the bank’s stock after selling 3,018 shares during the period. Captrust Financial Advisors owned approximately 0.12% of Southside Bancshares worth $1,125,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SBSI. Sterling Capital Management LLC increased its stake in shares of Southside Bancshares by 867.4% in the fourth quarter. Sterling Capital Management LLC now owns 919 shares of the bank’s stock worth $29,000 after purchasing an additional 824 shares during the period. Quantbot Technologies LP increased its stake in shares of Southside Bancshares by 34.9% in the fourth quarter. Quantbot Technologies LP now owns 3,890 shares of the bank’s stock worth $124,000 after purchasing an additional 1,006 shares during the period. Aquatic Capital Management LLC increased its stake in shares of Southside Bancshares by 39.0% in the fourth quarter. Aquatic Capital Management LLC now owns 5,143 shares of the bank’s stock worth $163,000 after purchasing an additional 1,443 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Southside Bancshares in the fourth quarter worth about $178,000. Finally, Magnetar Financial LLC bought a new position in shares of Southside Bancshares in the fourth quarter worth about $218,000. Institutional investors and hedge funds own 55.70% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on SBSI shares. Stephens dropped their price objective on Southside Bancshares from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. StockNews.com upgraded Southside Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, May 9th.

Southside Bancshares Trading Down 0.5%

Shares of SBSI opened at $29.68 on Thursday. Southside Bancshares, Inc. has a 12-month low of $25.30 and a 12-month high of $38.00. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $896.75 million, a price-to-earnings ratio of 10.20 and a beta of 0.65. The stock’s 50-day moving average price is $28.40 and its 200 day moving average price is $31.25.

Southside Bancshares (NASDAQ:SBSI) last issued its quarterly earnings results on Tuesday, April 29th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04. Southside Bancshares had a return on equity of 11.10% and a net margin of 19.40%. The firm had revenue of $100.29 million for the quarter, compared to analyst estimates of $67.37 million. During the same period in the previous year, the company posted $0.71 earnings per share. As a group, research analysts predict that Southside Bancshares, Inc. will post 2.84 earnings per share for the current year.

Southside Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 22nd will be paid a dividend of $0.36 per share. The ex-dividend date is Thursday, May 22nd. This represents a $1.44 annualized dividend and a yield of 4.85%. 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.