Moisand Fitzgerald Tamayo LLC Sells 627 Shares of Southside Bancshares, Inc. (NASDAQ:SBSI)

Moisand Fitzgerald Tamayo LLC lessened its stake in shares of Southside Bancshares, Inc. (NASDAQ:SBSI) by 7.6% during the 4th quarter, Holdings Channel reports. The fund owned 7,637 shares of the bank’s stock after selling 627 shares during the period. Moisand Fitzgerald Tamayo LLC’s holdings in Southside Bancshares were worth $284,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SBSI. US Bancorp DE grew its position in shares of Southside Bancshares by 9.6% in the 2nd quarter. US Bancorp DE now owns 4,288 shares of the bank’s stock worth $139,000 after buying an additional 375 shares during the last quarter. Bank of Montreal Can boosted its stake in Southside Bancshares by 166.3% in the second quarter. Bank of Montreal Can now owns 4,397 shares of the bank’s stock valued at $143,000 after acquiring an additional 2,746 shares in the last quarter. Jefferies Group LLC purchased a new position in Southside Bancshares in the second quarter worth $221,000. Cubist Systematic Strategies LLC purchased a new position in Southside Bancshares in the second quarter worth $242,000. Finally, JPMorgan Chase & Co. grew its holdings in Southside Bancshares by 13.4% in the second quarter. JPMorgan Chase & Co. now owns 8,808 shares of the bank’s stock worth $283,000 after purchasing an additional 1,042 shares during the last quarter. Institutional investors and hedge funds own 52.99% of the company’s stock.

In other Southside Bancshares news, CFO Julie Shamburger sold 1,635 shares of Southside Bancshares stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $34.84, for a total value of $56,963.40. Following the completion of the transaction, the chief financial officer now owns 17,237 shares of the company’s stock, valued at $600,537.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Brian K. Mccabe sold 1,200 shares of Southside Bancshares stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $35.40, for a total transaction of $42,480.00. Following the completion of the transaction, the chief operating officer now directly owns 16,778 shares of the company’s stock, valued at approximately $593,941.20. The disclosure for this sale can be found here. Insiders own 5.80% of the company’s stock.

Shares of NASDAQ SBSI traded up $0.46 during mid-day trading on Thursday, hitting $37.30. The stock had a trading volume of 2,361 shares, compared to its average volume of 82,890. The company has a 50 day moving average of $36.55 and a two-hundred day moving average of $34.45. Southside Bancshares, Inc. has a twelve month low of $31.29 and a twelve month high of $37.89. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.66 and a current ratio of 0.66. The firm has a market cap of $1.25 billion, a PE ratio of 17.71 and a beta of 0.70.

Southside Bancshares (NASDAQ:SBSI) last issued its quarterly earnings data on Friday, October 25th. The bank reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.01). The firm had revenue of $55.29 million for the quarter, compared to analyst estimates of $56.95 million. Southside Bancshares had a return on equity of 9.79% and a net margin of 26.61%. Southside Bancshares’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.58 EPS. Equities research analysts predict that Southside Bancshares, Inc. will post 2.24 EPS for the current fiscal year.

Several analysts have recently commented on the company. BidaskClub lowered Southside Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. Zacks Investment Research raised Southside Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, ValuEngine upgraded Southside Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, December 12th.

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 deposit.

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Want to see what other hedge funds are holding SBSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southside Bancshares, Inc. (NASDAQ:SBSI).

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

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