In a filing, Southside Bancshares Inc revealed its COO MCCABE BRIAN K unloaded Company’s shares for reported $0.42 million on Nov 25 ’24. In the deal valued at $36.67 per share,11,385 shares were sold. As a result of this transaction, MCCABE BRIAN K now holds 14,497 shares worth roughly $0.47 million.
Then, MCCABE BRIAN K bought 14,648 shares, generating $531,722 in total proceeds.
Before that, PINKLEY APRIL bought 6,724 shares. Southside Bancshares Inc shares valued at $252,150 were divested by the Officer at a price of $37.50 per share.
Hovde Group reiterated its Southside Bancshares Inc [SBSI] rating to a Market perform in a research note published on July 29, 2024; the price target was $37. A number of analysts have revised their coverage, including Hovde Group’s analysts, who remained covering the stock and in early May has reiterated a ‘”a Market perform”‘ rating for it. Stephens began covering SBSI with “an Equal-weight” recommendation on December 20, 2021. Hovde Group maintained its rating on July 26, 2021. It rated SBSI as “a Market perform”.
Price Performance Review of SBSI
On Tuesday, Southside Bancshares Inc [NYSE:SBSI] saw its stock jump 0.87% to $32.29. Over the last five days, the stock has lost -6.46%. Southside Bancshares Inc shares have risen nearly 3.10% since the year began. Nevertheless, the stocks have risen 0.53% over the past one year. While a 52-week high of $38.00 was reached on 11/15/24, a 52-week low of $25.30 was recorded on 06/17/24. SMA at 50 days reached $34.43, while 200 days put it at $30.86.
Levels Of Support And Resistance For SBSI Stock
The 24-hour chart illustrates a support level at 31.97, which if violated will result in even more drops to 31.65. On the upside, there is a resistance level at 32.46. A further resistance level may holdings at 32.63. The Relative Strength Index (RSI) on the 14-day chart is 34.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.85%. Stochastics %K at 9.95% indicates the stock is a buying.
How much short interest is there in Southside Bancshares Inc?
A steep rise in short interest was recorded in Southside Bancshares Inc stocks on 2024-11-29, dropping by 82466.0 shares to a total of 1.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.19 million shares. There was a decline of -7.45%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 22, 2017 when Piper Jaffray began covering the stock and recommended ‘”a Neutral”‘ rating along with a $37 price target.
