A number of firms have modified their ratings and price targets on shares of Southside Bancshares (NYSE: SBSI) recently:
- 7/28/2026 – Southside Bancshares was upgraded by Weiss Ratings from “buy (b-)” to “buy (b)”.
- 7/28/2026 – Southside Bancshares was downgraded by Zacks Research from “hold” to “strong sell”.
- 7/27/2026 – Southside Bancshares was given a new $37.00 price target by Stephens.
- 7/27/2026 – Southside Bancshares had its price target lowered by Piper Sandler from $37.00 to $33.00. They now have a “neutral” rating on the stock.
- 6/24/2026 – Southside Bancshares is now covered by Benchmark Co.. They set a “hold” rating on the stock.
Southside Bancshares Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Monday, May 18th. Southside Bancshares’s dividend payout ratio is presently 56.69%.
In the commercial banking segment, the company extends financing for real estate development, construction projects, equipment purchases and working capital needs.
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