Southside Bancshares price target lowered to $33 from $36 at Piper Sandler

Piper Sandler analyst Brad Milsaps lowered the firm’s price target on Southside Bancshares to $33 from $36 and keeps a Neutral rating on the shares post the Q1 results. The bank reiterated its guidance for high single-digit loan growth in 2023 despite the slow start, while expenses are expected to rise high single digits, the analyst tells investors in a research note.