Amundi Purchases 8,628 Shares of Southside Bancshares, Inc. (NASDAQ:SBSI)

Amundi grew its holdings in Southside Bancshares, Inc. (NASDAQ:SBSI - Free Report) by 168.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,749 shares of the bank's stock after buying an additional 8,628 shares during the period. Amundi's holdings in Southside Bancshares were worth $423,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in Southside Bancshares by 79.3% in the third quarter. JPMorgan Chase & Co. now owns 385,154 shares of the bank's stock worth $12,876,000 after acquiring an additional 170,287 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Southside Bancshares by 73.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 59,801 shares of the bank's stock worth $1,999,000 after purchasing an additional 25,350 shares during the period. Geode Capital Management LLC increased its position in shares of Southside Bancshares by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 671,666 shares of the bank's stock valued at $22,458,000 after purchasing an additional 3,097 shares during the last quarter. Barclays PLC raised its holdings in Southside Bancshares by 137.6% during the 3rd quarter. Barclays PLC now owns 59,263 shares of the bank's stock valued at $1,981,000 after buying an additional 34,316 shares during the period. Finally, Jane Street Group LLC lifted its position in Southside Bancshares by 119.5% in the third quarter. Jane Street Group LLC now owns 53,571 shares of the bank's stock worth $1,791,000 after buying an additional 29,163 shares during the last quarter. 55.70% of the stock is currently owned by institutional investors.

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Southside Bancshares Trading Up 1.6 %

Shares of NASDAQ:SBSI traded up $0.46 on Monday, hitting $29.74. 130,430 shares of the company's stock were exchanged, compared to its average volume of 104,412. The stock has a market capitalization of $903.68 million, a price-to-earnings ratio of 10.22 and a beta of 0.56. Southside Bancshares, Inc. has a 12 month low of $25.30 and a 12 month high of $38.00. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.76 and a quick ratio of 0.76. The business's 50 day simple moving average is $30.84 and its two-hundred day simple moving average is $32.61.

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 given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date was Thursday, February 20th. Southside Bancshares's dividend payout ratio (DPR) is presently 49.48%.

Analysts Set New Price Targets

A number of research firms have weighed in on SBSI. Raymond James started coverage on shares of Southside Bancshares in a research report on Tuesday, January 14th. They set a "market perform" rating on the stock. StockNews.com raised shares of Southside Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Finally, Stephens dropped 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.

Southside Bancshares Company Profile

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.