Keefe, Bruyette & Woods Assumes Coverage on Southside Bancshares (SBSI) at Market Perform; Clean, High-Yield Texas Bank
Get Alerts SBSI Hot Sheet
Price: $35.68 --0%
Rating Summary:
0 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
0 Buy, 7 Hold, 0 Sell
Rating Trend:
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.
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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