Piper Sandler raised the firm’s price target on Southside Bancshares to $33 from $30 and keeps a Neutral rating on the shares. The firm cites much better net interest income after the net interest margin beat its estimate by 11 bps at 2.99% in Q4 and management said at or nearing the bottom.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on SBSI:
- Options Volatility and Implied Earnings Moves Today, January 26, 2024
- Southside Bancshares reports Q4 EPS 57c, consensus 66c
- Southside Bancshares, Inc. Announces Financial Results for the Fourth Quarter and Year Ended December 31, 2023
- Is SBSI a Buy, Before Earnings?
- Southside Bancshares, Inc. Announces Fourth Quarter And Year End Earnings Call
