Southside Bancshares, Inc. (NASDAQ:SBSI) Declares Quarterly Dividend of $0.36

Southside Bancshares, Inc. (NASDAQ:SBSI - Get Free Report) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Investors of record on Thursday, February 20th will be paid a dividend of 0.36 per share by the bank on Thursday, March 6th. This represents a $1.44 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend is Thursday, February 20th.

Southside Bancshares has raised its dividend payment by an average of 3.9% annually over the last three years and has increased its dividend annually for the last 30 consecutive years.

Southside Bancshares Stock Down 1.0 %

SBSI traded down $0.33 during midday trading on Monday, reaching $31.39. The company's stock had a trading volume of 82,778 shares, compared to its average volume of 113,134. Southside Bancshares has a 1 year low of $25.30 and a 1 year high of $38.00. The stock's 50-day moving average is $32.42 and its 200-day moving average is $33.18. The firm has a market capitalization of $951.40 million, a price-to-earnings ratio of 10.79 and a beta of 0.57. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.18.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SBSI. Stephens decreased their price objective on shares of Southside Bancshares from $38.00 to $37.00 and set an "equal weight" rating for the company in a report on Thursday, January 30th. StockNews.com upgraded shares of Southside Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Finally, Raymond James assumed coverage on Southside Bancshares in a report on Tuesday, January 14th. They issued a "market perform" rating on the stock.

About Southside Bancshares

Southside Bancshares, Inc operates as the bank holding company for Southside Bank that provides a range of financial services to individuals, businesses, municipal entities, and nonprofit organizations. Its deposit products include savings, money market, and interest and noninterest bearing checking accounts, as well as certificates of deposits.