Teacher Retirement System of Texas Has $472,000 Stock Position in Southside Bancshares, Inc. (NASDAQ:SBSI)

Teacher Retirement System of Texas lessened its position in shares of Southside Bancshares, Inc. (NASDAQ:SBSI) by 32.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,850 shares of the bank’s stock after selling 7,036 shares during the quarter. Teacher Retirement System of Texas’ holdings in Southside Bancshares were worth $472,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SBSI. GAMMA Investing LLC boosted its stake in Southside Bancshares by 61.1% in the fourth quarter. GAMMA Investing LLC now owns 1,337 shares of the bank’s stock valued at $42,000 after acquiring an additional 507 shares during the last quarter. Point72 DIFC Ltd acquired a new position in shares of Southside Bancshares in the 3rd quarter valued at $83,000. Quantbot Technologies LP lifted its stake in shares of Southside Bancshares by 190.1% in the 3rd quarter. Quantbot Technologies LP now owns 2,884 shares of the bank’s stock valued at $96,000 after purchasing an additional 1,890 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Southside Bancshares by 172.6% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,176 shares of the bank’s stock worth $106,000 after purchasing an additional 2,011 shares during the last quarter. Finally, FMR LLC grew its stake in shares of 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 during the period. Institutional investors own 55.70% of the company’s stock.

Analysts Set New Price Targets

SBSI has been the topic of a number of recent analyst reports. Raymond James assumed coverage on Southside Bancshares in a report on Tuesday, January 14th. They set a “market perform” rating on the stock. StockNews.com upgraded shares of Southside Bancshares from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Finally, Stephens cut their target price on shares of Southside Bancshares from $38.00 to $37.00 and set an “equal weight” rating on the stock in a report on Thursday, January 30th.

Southside Bancshares Stock Up 0.0 %

Shares of Southside Bancshares stock opened at $28.90 on Tuesday. The firm has a market cap of $878.30 million, a PE ratio of 9.93 and a beta of 0.56. The business’s 50 day simple moving average is $30.57 and its 200 day simple moving average is $32.47. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.76 and a current ratio of 0.76. Southside Bancshares, Inc. has a 52-week low of $25.30 and a 52-week high of $38.00.

Southside Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 20th were given a dividend of $0.36 per share. The ex-dividend date was Thursday, February 20th. This represents a $1.44 annualized dividend and a yield of 4.98%. Southside Bancshares’s dividend payout ratio (DPR) is presently 49.48%.

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.