Thrivent Financial for Lutherans Has $995,000 Position in Southside Bancshares, Inc. (NASDAQ:SBSI)

Thrivent Financial for Lutherans cut its holdings in shares of Southside Bancshares, Inc. (NASDAQ:SBSI - Free Report) by 47.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,339 shares of the bank's stock after selling 28,462 shares during the period. Thrivent Financial for Lutherans owned approximately 0.10% of Southside Bancshares worth $995,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Intech Investment Management LLC bought a new stake in shares of Southside Bancshares during the 3rd quarter worth about $233,000. Quantbot Technologies LP increased its stake in shares of Southside Bancshares by 190.1% during the third quarter. Quantbot Technologies LP now owns 2,884 shares of the bank's stock valued at $96,000 after acquiring an additional 1,890 shares during the period. FMR LLC raised its holdings in Southside Bancshares by 226.9% during the third quarter. FMR LLC now owns 3,432 shares of the bank's stock worth $115,000 after purchasing an additional 2,382 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Southside Bancshares by 35.6% in the third quarter. BNP Paribas Financial Markets now owns 36,943 shares of the bank's stock worth $1,235,000 after purchasing an additional 9,693 shares during the period. Finally, Captrust Financial Advisors lifted its position in Southside Bancshares by 9.0% in the third quarter. Captrust Financial Advisors now owns 38,443 shares of the bank's stock worth $1,285,000 after purchasing an additional 3,186 shares during the period. 55.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Stephens decreased their target price on Southside Bancshares from $38.00 to $37.00 and set an "equal weight" rating for the company in a research note on Thursday, January 30th. StockNews.com raised shares of Southside Bancshares from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Finally, Raymond James assumed coverage on shares of Southside Bancshares in a research report on Tuesday, January 14th. They issued a "market perform" rating on the stock.

Southside Bancshares Trading Down 1.5 %

NASDAQ SBSI traded down $0.41 on Friday, hitting $26.87. 282,576 shares of the company were exchanged, compared to its average volume of 112,859. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.76 and a quick ratio of 0.76. Southside Bancshares, Inc. has a twelve month low of $25.30 and a twelve month high of $38.00. The firm has a market capitalization of $816.70 million, a P/E ratio of 9.24 and a beta of 0.58. The company's 50 day moving average price is $30.25 and its 200-day moving average price is $32.30.

Southside Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were given a $0.36 dividend. The ex-dividend date was Thursday, February 20th. This represents a $1.44 annualized dividend and a dividend yield of 5.36%. Southside Bancshares's dividend payout ratio (DPR) is presently 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.