Southside Bancshares Inc (SBSI) Files Form 4 Insider Buying : John Robert Garrett Buys 48 Shares

Southside Bancshares Inc (SBSI): John Robert Garrett , director of Southside Bancshares Inc purchased 48 shares on May 4, 2016. The Insider buying transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were purchased at $29.14 per share for a total value of $1,398.72 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 22, 2016, Tim Carter (REGIONAL PRESIDENT, NORTH TX) sold 7,000 shares at $25.78 per share price.On Mar 22, 2016, Peter M Boyd (Regional President, Central TX) sold 10,000 shares at $26.25 per share price.Also, On Mar 16, 2016, John Robert Garrett (director) purchased 172 shares at $25.71 per share price.On Mar 8, 2016, Lee R Gibson (CFO) purchased 3,245 shares at $25.60 per share price.

Southside Bancshares: On Wednesday, May 4, 2016 heightened volatility was witnessed in Southside Bancshares which led to swings in the share price. The shares opened for trading at $28.84 and hit $29.45 on the upside , eventually ending the session at $29.15, with a gain of 0.17% or 0.05 points. The heightened volatility saw the trading volume jump to 67,916 shares. The 52-week high of the share price is $29.96 and the company has a market cap of $728 M . The 52-week low of the share price is at $19.54.

Southside Bancshares Money Flow Index Chart

Southside Bancshares Inc. (Southside) is a bank holding company for Southside Bank (the Bank). The Company is a community-focused financial institution that offers a range of financial services to individuals businesses municipal entities and nonprofit organizations in the communities that the Company serves. The Company operates through approximately 64 banking centers approximately 19 of which are located in grocery stores and approximately 26 motor bank facilities. Its services include consumer and commercial loans deposit accounts trust services safe deposit services and brokerage services. The Company’s consumer loan services include one-to-four family residential mortgage loans home equity loans home improvement loans automobile loans and other installment loans.

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