Insiders Paul Powell At Southside Bancshares, Inc. (SBSI) Acquire Shares

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Southside Bancshares, Inc. (NASDAQ:SBSI)’s Director Paul Powell acquired 1,250 shares of common stock, at a price of $ 26.14 per share. Following this transaction, Mr. Powell currently holds 63,208 shares at the company, amount which includes shares received pursuant to a 5% stock dividend. Prior to this purchase, Mr. Powell had already acquired 2,200 shares, at a price of $ 22.70, during the last reported quarter.

Other insider acquisitions have been registered during the course of 2014. President & Ceo Charles Dawson acquired during Q2, 5,000 shares, at prices ranging from $26.13 to $26.31 per share. Directors Pierre Dewet, Robert John Garrett and Melvin Lovelady procured respectively 1,650 shares, at a price of $ 26.45 per share, 580 shares, at an average price of $ 25.98, and 4,000 shares, at an average price of $ 26.20. Sr. Evp & Cfo Lee Gibson also acquired 2,011 shares, at prices ranging from $25.76 to $ 25.85 each share.

Some hedge funds have been increasing their activity at Southside Bancshares, Inc. (NASDAQ:SBSI), like Jim Simons’ Renaissance Technologies, which improved by 6% its stake at the company, and now holds 211,703 shares, worth about $6 million, or John Overdeck And David Siegel’s Two Sigma Advisors, which increased by 10% its activity at the company, holding 33,813 shares, valued at approximately $1 million. Yet, D. E. Shaw’s hedge fund D E Shaw pull down its stake by 3%, and currently owns 17,098 shares, worth $537,000, which accounts for 0.01% of the fund’s Equity Portfolio.

Disclosure: None.

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