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Why You Need to Pay Attention to Southside Bancshares (SBSI) Stock?

Zacks Equity Research

One company that should be on your radar is Southside Bancshares Inc. (SBSI). The stock of this Southside Bank company has seen its Zacks Rank surge over the past four weeks, moving from Hold territory to its current position as a Strong Buy.

A key reason for this move has been the positive trend in the earnings estimate revisions picture. For SBSI’s full year estimate, we have seen 1 estimate go higher in the past 30 days, compared to no downward revision. This trend has helped the consensus estimate to trend higher, going from $1.67 a share a month ago to its current level at $2.20 per share.

This positive shift in estimates has made some investors take notice and buy the stock. In fact, SBSI has seen some pretty solid trading lately, as the company has moved higher by 11.7 % in the past month.

If Southside Bancshares can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put SBSI on your watch list for the future.

Other top-ranked stocks worth considering in this space include BancFirst Corporation (BANF), Cullen/Frost Bankers, Inc. (CFR) and Prosperity Bancshares Inc. (PB). All these carry a Zacks Rank #2 (Buy).

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SOUTHSIDE BANCSHARES (SBSI): Free Stock Analysis Report

BANCFIRST CP-OK (BANF): Free Stock Analysis Report

PROSPERITY BANCSHARES INC (PB): Free Stock Analysis Report

CULLEN FROST BANKERS INC (CFR): Free Stock Analysis Report

Zacks Investment Research