Southside Bancshares: Improvements Almost Justify An Upgrade

2026-02-25 05:08:00 ET

Back in early November of last year, I made the decision to upgrade shares of Southside Bancshares ( SBSI ) from a ‘sell’ to a ‘hold’. This decision was based on solid asset quality and evaluation that I considered to be reasonable. The company was exhibiting significant improvements in key areas, with deposit growth resuming, uninsured deposit exposure declining, and net interest margin and credit quality metrics looking good. Admittedly, certain income statement data was worsening. But at the end of the day, I viewed the worst is having passed. Since then, the stock has performed even better than expected, with shares up 16.8% while the S&P 500 is up 3.7%....

Read the full article on Seeking Alpha

For further details see: