Southside Bancshares (NYSE:SBSI) Stock Rating Upgraded by Wall Street Zen

Southside Bancshares (NYSE:SBSI) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday, Wall Street Zen reports.

SBSI has been the subject of several other reports. Keefe, Bruyette & Woods lowered their target price on Southside Bancshares from $37.00 to $35.00 and set a “market perform” rating for the company in a report on Monday, August 3rd. Stephens set a $37.00 price target on Southside Bancshares in a research note on Monday, July 27th. Zacks Research upgraded Southside Bancshares from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 24th. Piper Sandler cut their price target on shares of Southside Bancshares from $37.00 to $33.00 and set a “neutral” rating for the company in a report on Monday, July 27th. Finally, Weiss Ratings lowered shares of Southside Bancshares from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, October 12th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $34.75.

Southside Bancshares Price Performance

Shares of NYSE SBSI opened at $33.65 on Friday. The company has a market cap of $1.00 billion, a PE ratio of 10.17 and a beta of 0.57. Southside Bancshares has a fifty-two week low of $27.59 and a fifty-two week high of $36.20. The business has a 50-day simple moving average of $31.38 and a two-hundred day simple moving average of $32.39. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.78 and a current ratio of 0.78.

Southside Bancshares (NYSE:SBSI) last issued its earnings results on Thursday, October 29th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.14. The business had revenue of $76.14 million during the quarter, compared to analysts’ expectations of $72.67 million. Southside Bancshares had a net margin of 21.48% and a return on equity of 11.58%. As a group, equities analysts expect that Southside Bancshares will post 3.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Southside Bancshares

A number of institutional investors and hedge funds have recently modified their holdings of SBSI. Bank of America Corp DE purchased a new position in shares of Southside Bancshares during the second quarter valued at approximately $4,545,000. Quantinno Capital Management LP lifted its holdings in shares of Southside Bancshares by 75.6% during the 1st quarter. Quantinno Capital Management LP now owns 37,875 shares of the company’s stock valued at $1,178,000 after buying an additional 16,306 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Southside Bancshares in the 2nd quarter worth approximately $9,213,000. Legal & General Group Plc acquired a new position in shares of Southside Bancshares in the 2nd quarter worth approximately $2,134,000. Finally, Sei Investments Co. acquired a new stake in shares of Southside Bancshares in the first quarter valued at approximately $640,000. Institutional investors and hedge funds own 55.70% of the company’s stock.

Southside Bancshares News Roundup

Here are the key news stories impacting Southside Bancshares this week:

• Positive Sentiment: Quarterly earnings exceeded expectations. Southside reported diluted EPS of $0.93, up from $0.80 a year earlier and $0.14 above the $0.79 consensus estimate. Revenue was approximately $74.0 million to $76.1 million, exceeding the roughly $72.7 million analyst forecast. Southside Bancshares Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Profitability remained solid. Management highlighted a 1.27% return on average assets and a 16.31% return on average tangible common equity. The company also reported an 11.16% return on equity and a 16.70% net margin, supporting the view that operating performance remains healthy. Southside Bancshares Announces Third-Quarter Financial Results
• Positive Sentiment: Near-term repricing could support net interest income. Approximately 55% of the loan portfolio is expected to reprice within 90 days, potentially allowing Southside to benefit if lending yields remain favorable or interest-rate conditions improve. Southside Moderates 2026 Loan Growth Outlook
• Neutral Sentiment: The earnings call emphasized strong quarterly execution and profitability, but investors will focus on whether these results can continue amid changing rates and a slower-growth banking environment. Southside Bancshares Q3 2026 Earnings Call Transcript
• Negative Sentiment: Loan-growth expectations were reduced. Southside moderated its 2026 loan-growth outlook to the low-to-mid single-digit range, signaling softer demand or a more cautious underwriting stance and limiting a potential source of balance-sheet expansion. Southside Moderates 2026 Loan Growth Outlook

Southside Bancshares Company Profile

Southside Bancshares, Inc is a Texas-based financial holding company and the parent company of Southside Bank. Founded in 1960 and headquartered in Tyler, Texas, the company provides banking and financial services to individuals, businesses, and institutions.

Southside Bank offers a range of deposit products, including checking, savings, money market, and certificate of deposit accounts. Its lending activities include residential and commercial real estate loans, construction financing, commercial and industrial loans, consumer loans, and other forms of business credit.

The bank also provides treasury management, online and mobile banking, wealth management, trust and fiduciary services, and other financial solutions.