Southside Bancshares Inc’s filing revealed that 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.
Raymond James initiated its Southside Bancshares Inc [SBSI] rating to a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Hovde Group’s analysts, who remained covering the stock and in late July has reiterated a ‘”a Market perform”‘ rating for it. Hovde Group also remained covering SBSI and reiterated its “Market perform” recommendation on May 09, 2024. Stephens started covering the stock on December 20, 2021. It rated SBSI as “an Equal-weight”.
Price Performance Review of SBSI
On Friday, Southside Bancshares Inc [NYSE:SBSI] saw its stock jump 0.88% to $32.08. Over the last five days, the stock has gained 7.00%. Southside Bancshares Inc shares have risen nearly 1.01% since the year began. Nevertheless, the stocks have risen 6.90% over the past one year. While a 52-week high of $38.00 was reached on 01/15/25, a 52-week low of $25.30 was recorded on 01/10/25. SMA at 50 days reached $33.85, while 200 days put it at $31.10.
Levels Of Support And Resistance For SBSI Stock
The 24-hour chart illustrates a support level at 31.75, which if violated will result in even more drops to 31.43. On the upside, there is a resistance level at 32.35. A further resistance level may holdings at 32.63. The Relative Strength Index (RSI) on the 14-day chart is 48.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 17.17%. Stochastics %K at 80.18% indicates the stock is a selling.
How much short interest is there in Southside Bancshares Inc?
A steep rise in short interest was recorded in Southside Bancshares Inc stocks on 2024-12-31, growing by 20177.0 shares to a total of 1.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 1.1 million shares. There was a rise of 1.8%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 26, 2021 when Hovde Group resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $39.
