Stephens raised the price target for the Southside Bancshares Inc. (NASDAQ:SBSI) stock to “an Equal-weight”. The rating was released on December 20, 2021, according to finviz. We previously noted in another research note published on July 26, 2021 by Hovde Group that reiterated the stock to a Market perform with a price target of $39 for SBSI stock. The research report from Piper Jaffray has initiated the stock to Neutral, with a price target set at $37. In their research brief published January 05, 2009, Keefe Bruyette analysts downgraded the Southside Bancshares Inc. stock from Mkt Perform to Underperform with a price target of $20.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Southside Bancshares Inc. (NASDAQ:SBSI) dipped -5.16% to close Friday’s market session at $33.08, lower as compared to yesterday’s close. The stock price fluctuated between $32.66 and $34.42 throughout the trading session with the volume trading being 962103 shares, which represented a significant variation when compared to the three months average volume of 105.60K shares. The firm’s stock price fluctuated -4.86% within the last five trades and -15.07% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -12.16% in the last 6 months and -5.16% was subtracted to its value over the previous 3 months. SBSI stock is trading at a margin of -10.29%, -10.85% and -10.78% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, SBSI deals in the Financial domain. The stock is trading -21.38 percent below its 52-week high and 6.21 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -21.15. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Southside Bancshares Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 82.70 percent and the profit margin is 41.50 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $1.04 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Southside Bancshares Inc. (NASDAQ:SBSI) is 10.15. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 10.06. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 4.13 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.41, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 1.30 percent of Southside Bancshares Inc. shares are owned by insiders, and 54.20 percent are held by financial institutions. BUIE HERBERT C, the Director at Southside Bancshares Inc. (SBSI) has bought 2,380 shares of firm on Jan 31 at a price of $37.23 against the total amount of $88607.0. In another inside trade, Blackstone Cindy, Chief Retail Officer of Southside Bancshares Inc. (NASDAQ:SBSI) sold 390 shares of the firm on Dec 14 for a total worth of $13708.0 at a price of $35.15. An inside trade which took place on Oct 31, Director of Southside Bancshares Inc. Sammons John F Jr bought 500 shares of firm against total price of $17260.0 at the cost of $34.52 per share.