Southside Bancshares Inc (NASDAQ: SBSI) has benefited from exceptional positive changes in investment behavior: positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and its shorter term price trend turned up.
Recent marginal positive changes in fundamentals have benefitted Southside Bancshares Inc (NASDAQ: SBSI): significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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 C (High Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Southside Bancshares has a good Appreciation Score of 80 but a slightly negative Power Rating of 36, leading to the High Neutral Value Trend Rating.
Recent Price Action
Southside Bancshares Inc (NASDAQ: SBSI) stock closed at $29.71 on 7/15/24 after a large increase of 3.3%. Moreover, this advance was accompanied by above average trading volume at 132% of normal. The stock has risen 12.5% during the last week but has been weak relative to the market over the last nine months.
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