Southside Bancshares (NASDAQ:PIPR) traded up 0.3% during trading on Monday . The stock traded as high as $56.83 and last traded at $56.28, 50,300 shares changed hands during mid-day trading. A decline of 54% from the average session volume of 109,913 shares. The stock had previously closed at $56.10.
Several research analysts recently commented on the company. Buckingham Research increased their price objective on Southside Bancshares from $82.00 to $87.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Zacks Investment Research cut Southside Bancshares from a “buy” rating to a “strong sell” rating in a report on Thursday, April 16th.
The business’s fifty day simple moving average is $52.31.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, May 28th.
In related news, CFO Timothy L. Carter purchased 2,000 shares of Southside Bancshares stock in a transaction on Friday, March 20th. The shares were bought at an average price of $36.84 per share, with a total value of $73,680.00. Following the transaction, the chief financial officer now directly owns 9,222 shares of the company’s stock, valued at $339,738.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Debbra L. Schoneman purchased 5,000 shares of Southside Bancshares stock in a transaction on Friday, March 13th. The stock was bought at an average cost of $47.04 per share, for a total transaction of $235,200.00. Following the transaction, the president now directly owns 63,185 shares in the company, valued at $2,972,222.40. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 8,600 shares of company stock valued at $363,904.
Southside Bancshares Company Profile (NASDAQ:PIPR)
Piper Sandler Companies operates as an investment bank and asset management firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. The company's Capital Markets segment offers investment banking and institutional sales, trading, and research services for various equity and fixed income products.
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