Southside Bancshares (SBSI) Projected to Post Earnings on Tuesday

Southside Bancshares (NASDAQ:SBSI - Get Free Report) is expected to be posting its quarterly earnings results before the market opens on Tuesday, April 29th. Analysts expect Southside Bancshares to post earnings of $0.67 per share and revenue of $67.37 million for the quarter.

Southside Bancshares Stock Up 0.2 %

Shares of SBSI opened at $27.64 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.18. The business has a fifty day moving average of $29.03 and a 200 day moving average of $31.76. The company has a market cap of $839.98 million, a PE ratio of 9.50 and a beta of 0.58. Southside Bancshares has a 52-week low of $25.30 and a 52-week high of $38.00.

Southside Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were issued a $0.36 dividend. The ex-dividend date was Thursday, February 20th. This represents a $1.44 annualized dividend and a dividend yield of 5.21%. Southside Bancshares's dividend payout ratio (DPR) is presently 49.48%.

Analysts Set New Price Targets

SBSI has been the topic of a number of recent analyst reports. Raymond James assumed coverage on shares of Southside Bancshares in a research report on Tuesday, January 14th. They issued a "market perform" rating on the stock. StockNews.com raised Southside Bancshares from a "sell" rating to a "hold" rating in a research note on Tuesday, April 15th. Finally, Stephens cut their price objective on Southside Bancshares from $38.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 30th.

Southside Bancshares Company Profile

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.

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