Southside Bancshares, Inc. (NASDAQ:SBSI)

CAPS Rating: 5 out of 5

A bank holding company for Southside Bank that offers financial services like consumer and commercial loans, deposit accounts, trust services, safe deposit services and brokerage services to individuals, businesses and non-profit organizations.

Recs

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Player Avatar oldtyler (< 20) Submitted: 1/18/2008 10:57:23 AM : Outperform Start Price: $15.59 SBSI Score: +61.81

First National Bank Edingburg Texas this week approved by Federal Reserve Bank Dallas to change from 13-G to 13-D filing and increase stock to 9.9%. Edingburg group knows how to make money they are #3 on list of top holding company banks in USA with 5 year return on avg. equity 35.41% thru march 2007. They have investment of > $26M in SBSI stock and did not invest this much for simply 2% return. With 13-D SBSI will look for white knight. 3.5 to 4 X book is 33-37/share. Annual shareholder meeting in April 2008 will have some fireworks if not before. All Aboard.

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