Can Southside Bancshares Inc (NASDAQ:SBSI)’s Tomorrow be Different? The Stock Had Increase in Shorts

August 14, 2018 - By Christine McCrea

Southside Bancshares, Inc. (NASDAQ:SBSI) Logo

Investors sentiment increased to 1.41 in Q1 2018. Its up 0.22, from 1.19 in 2017Q4. It is positive, as 7 investors sold Southside Bancshares, Inc. shares while 34 reduced holdings. 18 funds opened positions while 40 raised stakes. 15.38 million shares or 5.65% more from 14.56 million shares in 2017Q4 were reported.
Secor Capital Advisors L P stated it has 77,538 shares or 0.22% of all its holdings. Creative Planning holds 70,505 shares. Texas Permanent School Fund owns 18,305 shares or 0.01% of their US portfolio. Switzerland-based Swiss Bank has invested 0% in Southside Bancshares, Inc. (NASDAQ:SBSI). State Of Alaska Department Of Revenue holds 0.01% or 8,898 shares. Blackrock has invested 0.01% of its portfolio in Southside Bancshares, Inc. (NASDAQ:SBSI). Vanguard Gp invested in 1.60M shares. Brown Brothers Harriman & accumulated 72,185 shares. Bluemountain Capital Management Limited Liability holds 0% or 2,267 shares. State Board Of Administration Of Florida Retirement stated it has 24,659 shares. 53,076 were reported by Citadel Limited Liability Company. Principal Gru owns 0.01% invested in Southside Bancshares, Inc. (NASDAQ:SBSI) for 224,139 shares. Employees Retirement Association Of Colorado owns 7,116 shares or 0% of their US portfolio. Gemmer Asset Mgmt Limited Company stated it has 0% in Southside Bancshares, Inc. (NASDAQ:SBSI). Parallax Volatility Advisers Lp has invested 0% in Southside Bancshares, Inc. (NASDAQ:SBSI).

Since February 20, 2018, it had 4 buys, and 0 sales for $125,320 activity. On Tuesday, February 20 SHAMBURGER JULIE bought $113,360 worth of Southside Bancshares, Inc. (NASDAQ:SBSI) or 3,250 shares.

The stock of Southside Bancshares Inc (NASDAQ:SBSI) registered an increase of 0.01% in short interest. SBSI’s total short interest was 1.81 million shares in August as published by FINRA. Its up 0.01% from 1.81M shares, reported previously. With 106,600 shares average volume, it will take short sellers 17 days to cover their SBSI’s short positions. The short interest to Southside Bancshares Inc’s float is 6.52%.

The stock increased 0.23% or $0.08 during the last trading session, reaching $35.03. About 43,864 shares traded. Southside Bancshares, Inc. (NASDAQ:SBSI) has risen 1.82% since August 14, 2017 and is uptrending. It has underperformed by 10.75% the S&P500.

Southside Bancshares, Inc. operates as a bank holding firm for Southside Bank that provides a range of financial services to individuals, businesses, municipal entities, and nonprofit organizations. The company has market cap of $1.23 billion. The Company’s deposit products include savings, money market, and interest and noninterest bearing checking accounts, as well as certificates of deposit. It has a 18.74 P/E ratio. The companyÂ’s loan portfolio comprises consumer loans that include 1-4 family residential loans, home equity loans, home improvement loans, automobile loans, and other installment loans; commercial loans, such as short-term working capital loans for inventory and accounts receivable, short and medium-term loans for equipment or other business capital expansion, commercial real estate loans, and municipal loans; and construction loans for 1-4 family residential and commercial real estate.

More news for Southside Bancshares, Inc. (NASDAQ:SBSI) were recently published by: Seekingalpha.com, which released: “Southside Bancshares’ (SBSI) CEO Lee Gibson on Q2 2018 Results – Earnings Call Transcript” on July 27, 2018. Globenewswire.com‘s article titled: “Southside Bancshares, Inc. Declares Cash Dividend” and published on August 09, 2018 is yet another important article.

Southside Bancshares, Inc. (NASDAQ:SBSI) Institutional Positions Chart

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