Why You Need to Pay Attention to Southside Bancshares (SBSI) Stock? - Tale of the Tape

By
A A A

One company that should be on your radar is Southside Bancshares Inc. ( SBSI ). The stock of this Banking 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).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>




BANCFIRST OKLA (BANF): Free Stock Analysis Report

CULLEN FROST BK (CFR): Free Stock Analysis Report

PROSPERITY BCSH (PB): Free Stock Analysis Report

SOUTHSIDE BANCS (SBSI): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: BANF , CFR , PB , SBSI

Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

Stocks

Referenced

Most Active by Volume

32,113,694
  • $45.783 ▲ 1.69%
24,032,979
  • $12.88 ▲ 6.36%
21,950,131
  • $13.86 ▼ 3.75%
18,775,552
  • $104.74 ▼ 0.09%
17,507,644
  • $11.33 ▲ 4.62%
15,592,283
  • $19.599 ▼ 15.23%
14,085,516
  • $16.625 ▲ 0.15%
14,035,675
  • $98.20 ▲ 0.39%
As of 10/24/2014, 11:19 AM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com