BlackRock Amends SOUTHSIDE BANCSHARES Stake (Amendment 15)
Ticker: SBSI · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 705432
| Field | Detail |
|---|---|
| Company | Southside Bancshares Inc (SBSI) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, banking, investor-update
TL;DR
**BlackRock updated its Southside Bancshares stake, signaling a potential shift in institutional interest.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, disclosing its ownership of SOUTHSIDE BANCSHARES INC (NASDAQ: SBSI) common stock as of December 31, 2023. This filing, Amendment No. 15, indicates a change in BlackRock's beneficial ownership, which is important for investors as large institutional holdings can influence stock stability and market perception. Investors should note that BlackRock is a significant institutional holder, and changes in its position can signal shifts in its investment strategy or outlook for the company.
Why It Matters
This filing shows BlackRock's updated stake in Southside Bancshares, which can influence investor sentiment and potentially impact the stock's trading volume and price due to the sheer size of BlackRock's investments.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not inherently indicate a high level of risk for the stock.
Analyst Insight
Investors should monitor future SC 13G/A filings from BlackRock to track any further significant changes in their ownership percentage of SOUTHSIDE BANCSHARES INC, as this could indicate a shift in institutional confidence.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- SOUTHSIDE BANCSHARES INC (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 15 (number) — the specific amendment number of the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 15, as stated in the filing's title and cover page.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as explicitly stated under 'Names of reporting persons' on the cover page.
What is the name of the issuer whose securities are being reported?
The name of the issuer is SOUTHSIDE BANCSHARES INC, as indicated under 'Name of Issuer' on the cover page.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified on the cover page.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of SOUTHSIDE BANCSHARES INC is 84470P109, as listed on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding SOUTHSIDE BANCSHARES INC (SBSI).