New Mexico Educational Retirement Board Has Decreased Public Storage (PSA) Stake By $4.30 Million; Shorts at Southside Bancshares (SBSI) Raised By 2.02%

April 19, 2018 - By Pete Kolinski

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New Mexico Educational Retirement Board decreased Public Storage (PSA) stake by 59% reported in 2017Q4 SEC filing. New Mexico Educational Retirement Board sold 20,671 shares as Public Storage (PSA)’s stock declined 3.82%. The New Mexico Educational Retirement Board holds 14,365 shares with $3.00 million value, down from 35,036 last quarter. Public Storage now has $34.50B valuation. The stock decreased 0.33% or $0.65 during the last trading session, reaching $197.92. About 596,698 shares traded. Public Storage (NYSE:PSA) has declined 10.33% since April 19, 2017 and is downtrending. It has underperformed by 21.88% the S&P500.

Southside Bancshares Inc (NASDAQ:SBSI) had an increase of 2.02% in short interest. SBSI’s SI was 1.77 million shares in April as released by FINRA. Its up 2.02% from 1.74M shares previously. With 196,200 avg volume, 9 days are for Southside Bancshares Inc (NASDAQ:SBSI)’s short sellers to cover SBSI’s short positions. The SI to Southside Bancshares Inc’s float is 6.39%. The stock decreased 0.37% or $0.13 during the last trading session, reaching $34.62. About 94,597 shares traded. Southside Bancshares, Inc. (NASDAQ:SBSI) has risen 8.87% since April 19, 2017 and is uptrending. It has underperformed by 2.68% the S&P500.

Investors sentiment decreased to 1.19 in 2017 Q4. Its down 0.44, from 1.63 in 2017Q3. It turned negative, as 11 investors sold Southside Bancshares, Inc. 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. Bancorp Of America De reported 19,059 shares stake. 4,396 are owned by Barclays Pcl. Great West Life Assurance Can has 0% invested in Southside Bancshares, Inc. (NASDAQ:SBSI). Parkside Bancorp Trust invested 0% of its portfolio in Southside Bancshares, Inc. (NASDAQ:SBSI). Ls Invest Advsrs Lc owns 736 shares. Moreover, Gsa Cap Llp has 0.11% invested in Southside Bancshares, Inc. (NASDAQ:SBSI) for 55,875 shares. Blackrock Incorporated invested in 3.38 million shares or 0.01% of the stock. First Dallas holds 0.08% or 3,736 shares. Hodges Cap accumulated 0.06% or 23,032 shares. Sei Invs owns 22,953 shares for 0% of their portfolio. Chatham Cap Group Inc reported 25,156 shares or 0.23% of all its holdings. Victory Cap reported 0% of its portfolio in Southside Bancshares, Inc. (NASDAQ:SBSI). State Board Of Administration Of Florida Retirement Systems reported 0% of its portfolio in Southside Bancshares, Inc. (NASDAQ:SBSI). Arizona State Retirement Systems, Arizona-based fund reported 46,360 shares. The Pennsylvania-based Glenmede Tru Na has invested 0% in Southside Bancshares, Inc. (NASDAQ:SBSI).

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. Piper Jaffray maintained the stock with “Hold” rating in Tuesday, February 6 report. The rating was initiated by Piper Jaffray with “Hold” on Friday, September 22. As per Friday, October 27, the company rating was maintained by Piper Jaffray. Keefe Bruyette & Woods maintained Southside Bancshares, Inc. (NASDAQ:SBSI) rating on Monday, August 28. Keefe Bruyette & Woods has “Hold” rating and $38.0 target. Keefe Bruyette & Woods maintained the shares of SBSI in report on Tuesday, October 3 with “Hold” rating. The firm has “Hold” rating by Keefe Bruyette & Woods given on Thursday, June 1. Keefe Bruyette & Woods maintained Southside Bancshares, Inc. (NASDAQ:SBSI) rating on Thursday, December 21. Keefe Bruyette & Woods has “Hold” rating and $38.0 target.

Since November 13, 2017, it had 3 insider buys, and 1 insider sale for $126,919 activity. Boyd Peter M had sold 750 shares worth $26,394 on Friday, December 15. SHAMBURGER JULIE bought 3,250 shares worth $113,360. On Tuesday, February 20 Garrett John Robert bought $4,503 worth of Southside Bancshares, Inc. (NASDAQ:SBSI) or 130 shares. The insider MORGAN TONY K bought $35,450.

Southside Bancshares, Inc. operates as a bank holding firm for Southside Bank that provides a range of financial services to individuals, businesses, municipal entities, and nonprofit organizations. The company has market cap of $1.21 billion. The Company’s deposit products include savings, money market, and interest and noninterest bearing checking accounts, as well as certificates of deposit. It has a 19.13 P/E ratio. The companyÂ’s loan portfolio comprises consumer loans that include 1-4 family residential loans, home equity loans, home improvement loans, automobile loans, and other installment loans; commercial loans, such as short-term working capital loans for inventory and accounts receivable, short and medium-term loans for equipment or other business capital expansion, commercial real estate loans, and municipal loans; and construction loans for 1-4 family residential and commercial real estate.

Analysts await Public Storage (NYSE:PSA) to report earnings on April, 25 after the close. They expect $2.46 earnings per share, up 5.13% or $0.12 from last year’s $2.34 per share. PSA’s profit will be $428.82M for 20.11 P/E if the $2.46 EPS becomes a reality. After $2.75 actual earnings per share reported by Public Storage for the previous quarter, Wall Street now forecasts -10.55% negative EPS growth.

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

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