Zacks Investment Research downgraded shares of SOUTHSIDE BANCS (SBSI) from NEUTRAL to UNDERPERFORM on August 02, 2012, with a target price of $19.40.
Southside Bancshares Corp., through its subsidiary banks, is primarily engaged in commercial banking and providing trust services. Southside's subsidiary banks are engaged in the general banking business of accepting funds for deposit, making loans, renting safe deposit boxes and performing such other banking services as are usual and customary in banks of similar size and character. All of the subsidiary banks offer real estate, commercial and consumer loans.
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