Tributary Capital Management Has Lowered Southside Bancshares (SBSI) Stake By $2.97 Million; Ally Financial (ALLY) SI Increased By 1.59%

April 17, 2018 - By Marie Mckinney

Southside Bancshares, Inc. (NASDAQ:SBSI) Logo

Ally Financial Inc (NYSE:ALLY) had an increase of 1.59% in short interest. ALLY’s SI was 16.78 million shares in April as released by FINRA. Its up 1.59% from 16.51 million shares previously. With 2.85 million avg volume, 6 days are for Ally Financial Inc (NYSE:ALLY)’s short sellers to cover ALLY’s short positions. The SI to Ally Financial Inc’s float is 3.51%. The stock increased 0.48% or $0.13 during the last trading session, reaching $27.38. About 1.92 million shares traded. Ally Financial Inc. (NYSE:ALLY) has risen 34.39% since April 17, 2017 and is uptrending. It has outperformed by 22.84% the S&P500.

Tributary Capital Management Llc decreased Southside Bancshares Inc (SBSI) stake by 17.16% reported in 2017Q4 SEC filing. Tributary Capital Management Llc sold 89,947 shares as Southside Bancshares Inc (SBSI)’s stock rose 0.26%. The Tributary Capital Management Llc holds 434,128 shares with $14.62 million value, down from 524,075 last quarter. Southside Bancshares Inc now has $1.23 billion valuation. The stock increased 0.17% or $0.06 during the last trading session, reaching $35.04. About 64,255 shares traded. Southside Bancshares, Inc. (NASDAQ:SBSI) has risen 8.87% since April 17, 2017 and is uptrending. It has underperformed by 2.68% the S&P500.

Since November 13, 2017, it had 3 insider buys, and 1 insider sale for $126,919 activity. 3,250 shares were bought by SHAMBURGER JULIE, worth $113,360 on Tuesday, February 20. Garrett John Robert bought $4,503 worth of stock or 130 shares. $26,394 worth of Southside Bancshares, Inc. (NASDAQ:SBSI) was sold by Boyd Peter M. MORGAN TONY K also bought $35,450 worth of Southside Bancshares, Inc. (NASDAQ:SBSI) shares.

Analysts await Southside Bancshares, Inc. (NASDAQ:SBSI) to report earnings on April, 27. They expect $0.58 EPS, up 13.73% or $0.07 from last year’s $0.51 per share. SBSI’s profit will be $20.33 million for 15.10 P/E if the $0.58 EPS becomes a reality. After $0.41 actual EPS reported by Southside Bancshares, Inc. for the previous quarter, Wall Street now forecasts 41.46% EPS growth.

Investors sentiment decreased to 1.19 in 2017 Q4. Its down 0.44, from 1.63 in 2017Q3. It is negative, as 11 investors sold SBSI shares while 32 reduced holdings. 14 funds opened positions while 37 raised stakes. 14.56 million shares or 1.08% more from 14.40 million shares in 2017Q3 were reported. California State Teachers Retirement System holds 43,675 shares or 0% of its portfolio. Trexquant Inv Ltd Partnership stated it has 6,173 shares. Credit Suisse Ag holds 38,604 shares or 0% of its portfolio. Teacher Retirement Sys Of Texas holds 0% of its portfolio in Southside Bancshares, Inc. (NASDAQ:SBSI) for 9,593 shares. Great West Life Assurance Can stated it has 0% of its portfolio in Southside Bancshares, Inc. (NASDAQ:SBSI). Renaissance Techs Limited Liability Corporation has invested 0.03% in Southside Bancshares, Inc. (NASDAQ:SBSI). Proshare Lc owns 0.05% invested in Southside Bancshares, Inc. (NASDAQ:SBSI) for 225,330 shares. Wells Fargo & Mn has invested 0% of its portfolio in Southside Bancshares, Inc. (NASDAQ:SBSI). Zurcher Kantonalbank (Zurich Cantonalbank) reported 0% of its portfolio in Southside Bancshares, Inc. (NASDAQ:SBSI). Century Cos owns 0.02% invested in Southside Bancshares, Inc. (NASDAQ:SBSI) for 508,586 shares. 47,502 are owned by Parametric Ltd Liability Com. Fisher Asset Mgmt Ltd Co has 0% invested in Southside Bancshares, Inc. (NASDAQ:SBSI). Sei Investments holds 0% in Southside Bancshares, Inc. (NASDAQ:SBSI) or 22,953 shares. Goodman owns 1,342 shares. Tributary Cap Limited Liability owns 434,128 shares or 1.27% of their US portfolio.

Among 5 analysts covering Southside Bancshares (NASDAQ:SBSI), 0 have Buy rating, 0 Sell and 5 Hold. Therefore 0 are positive. Southside Bancshares had 10 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Hold” rating by Keefe Bruyette & Woods given on Tuesday, October 3. The stock of Southside Bancshares, Inc. (NASDAQ:SBSI) earned “Hold” rating by Piper Jaffray on Friday, September 22. The rating was maintained by Piper Jaffray on Tuesday, February 6 with “Hold”. Keefe Bruyette & Woods maintained the shares of SBSI in report on Thursday, June 1 with “Hold” rating. The stock has “Hold” rating by Keefe Bruyette & Woods on Monday, August 28. Keefe Bruyette & Woods maintained Southside Bancshares, Inc. (NASDAQ:SBSI) on Thursday, December 21 with “Hold” rating. The rating was maintained by Piper Jaffray with “Hold” on Friday, October 27.

Ally Financial Inc., a diversified financial services company, provides a range of financial services and products for consumers, businesses, automotive dealers, and corporate clients in the United States. The company has market cap of $11.87 billion. It offers dealer financial services, including automotive finance and insurance products, mortgage finance, and corporate finance. It has a 13.44 P/E ratio. The firm also provides automotive finance services for clients and automotive dealers, such as inventory financing and leasing for new and used vehicles; term loans, including real estate, automotive fleet financing, and transportation and equipment financing; and vehicle remarketing services, as well as vehicle service contracts and guaranteed asset protection (GAP) waiver products.

Southside Bancshares, Inc. (NASDAQ:SBSI) Institutional Positions Chart

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