Keefe, Bruyette & Woods Assumes Coverage on Southside Bancshares (SBSI) at Market Perform; Clean, High-Yield Texas Bank

September 20, 2011 8:26 AM EDT
Get Alerts SBSI Hot Sheet
Price: $35.68 --0%

Rating Summary:
    0 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Keefe, Bruyette & Woods assumes coverage on Southside Bancshares (NASDAQ: SBSI) with a Market Perform. PT $20.00.

KBW analyst says, "Southside is a clean bank, in our opinion, with strong capital and pristine credit quality that earns adequate returns. Southside does have a levered strategy in place with 60% of assets being securities. With a potential return of 6% over the next year, including its almost 4% dividend, we rate the shares Market Perform."

For more ratings news on Southside Bancshares click here and for the rating history of Southside Bancshares click here.

Shares of Southside Bancshares closed at $19.28 yesterday.


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