Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Southside Bancshares Inc shares valued at $417,488 were sold by MCCABE BRIAN K on Nov 25 ’24. At $36.67 per share, MCCABE BRIAN K sold 11,385 shares. The insider’s holdings dropped to 14,497 shares worth approximately $0.45 million following the completion of this transaction.
Also, MCCABE BRIAN K purchased 14,648 shares, netting a total of over 531,722 in proceeds.
Before that, PINKLEY APRIL had added 6,724 shares to its account. In a trade valued at $252,150, the Officer bought Southside Bancshares Inc shares for $37.50 each.
As published in a research note from Hovde Group on July 29, 2024, Southside Bancshares Inc [SBSI] has been retained to a Market perform and the price target has been revised to $37. Analysts at Hovde Group resumed the stock at ‘”a Market perform”‘ outlook in a report released in early May. As of December 20, 2021, Stephens has initiated its “an Equal-weight” rating for SBSI. Earlier on July 26, 2021, Hovde Group resumed its rating. Their recommendation was “a Market perform” for SBSI stock.
Analyzing SBSI Stock Performance
During the last five days, there has been a drop of approximately -3.18%. Over the course of the year, Southside Bancshares Inc shares have dropped approximately -3.18%. Shares of the company reached a 52-week high of $32.16 on 01/02/25 and a 52-week low of $30.33 on 01/08/25. A 50-day SMA is recorded $34.00, while a 200-day SMA reached $31.02. Nevertheless, trading volume fell to 73152.0 shares from 0.12 million shares the previous day.
Support And Resistance Levels for Southside Bancshares Inc (SBSI)
According to the 24-hour chart, there is a support level at 30.46, which, if violated, would cause prices to drop to 30.16. In the upper region, resistance lies at 30.92. The next price resistance is at 31.08. RSI (Relative Strength Index) is 27.81 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.81, which suggests the price will decrease in the coming days. Percent R is at 90.73%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
