Southside Bancshares Inc (NASDAQ: SBSI) stock enjoyed a major increase of 13.7% on 11/6/24. The shares closed at $37.22. Moreover, trading volume in this advance was exceptionally high at 317% of normal. The stock has been strong relative to the market over the last nine months and has risen 13.9% during the last week.
Current PriceTarget Research Rating
SBSI is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Southside Bancshares has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Southside Bancshares has a good Appreciation Score of 77 and a good Power Rating of 80, with the Highest Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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