Southside Bancshares (NASDAQ:SBSI - Get Free Report) is expected to be posting its quarterly earnings results before the market opens on Friday, January 24th. Analysts expect Southside Bancshares to post earnings of $0.72 per share and revenue of $68,260.00 billion for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.
Southside Bancshares (NASDAQ:SBSI - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The bank reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.73 by ($0.05). The company had revenue of $113.87 million during the quarter, compared to the consensus estimate of $68.25 million. Southside Bancshares had a return on equity of 10.64% and a net margin of 18.94%. During the same quarter in the previous year, the company posted $0.60 earnings per share. On average, analysts expect Southside Bancshares to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Southside Bancshares Trading Up 0.9 %
SBSI traded up $0.29 on Friday, reaching $32.09. 53,714 shares of the company traded hands, compared to its average volume of 110,510. The company has a market cap of $972.77 million, a P/E ratio of 11.59 and a beta of 0.58. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.32. Southside Bancshares has a one year low of $25.30 and a one year high of $38.00. The firm has a fifty day simple moving average of $33.70 and a two-hundred day simple moving average of $32.82.
Southside Bancshares Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.36 per share. The ex-dividend date was Thursday, November 21st. This represents a $1.44 annualized dividend and a yield of 4.49%. Southside Bancshares's payout ratio is currently 51.99%.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on SBSI shares. Raymond James started coverage on Southside Bancshares in a report on Tuesday. They set a "market perform" rating for the company. StockNews.com downgraded shares of Southside Bancshares from a "hold" rating to a "sell" rating in a report on Tuesday, November 5th.
Read Our Latest Stock Report on SBSI
Insider Transactions at Southside Bancshares
In related news, CEO Lee R. Gibson sold 3,300 shares of Southside Bancshares stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $36.74, for a total value of $121,242.00. Following the completion of the sale, the chief executive officer now directly owns 57,272 shares in the company, valued at $2,104,173.28. This trade represents a 5.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Suni M. Davis sold 2,220 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $36.00, for a total transaction of $79,920.00. Following the completion of the transaction, the insider now directly owns 9,202 shares of the company's stock, valued at approximately $331,272. This represents a 19.44 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.10% of the company's stock.
Southside Bancshares Company Profile
(
Get Free Report)
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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