Southside Bancshares (NASDAQ:SBSI – Get Free Report) posted its quarterly earnings data on Thursday. The bank reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.05), Briefing.com reports. The company had revenue of $113.87 million for the quarter, compared to analysts’ expectations of $68.25 million. Southside Bancshares had a return on equity of 10.64% and a net margin of 18.90%. During the same quarter in the prior year, the business posted $0.60 EPS.
Southside Bancshares Trading Down 0.8 %
NASDAQ SBSI opened at $32.50 on Friday. The company has a market cap of $983.78 million, a P/E ratio of 12.08 and a beta of 0.54. Southside Bancshares has a 12 month low of $25.30 and a 12 month high of $36.10. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.71 and a quick ratio of 0.71. The company has a 50-day moving average of $33.28 and a 200-day moving average of $30.10.
Southside Bancshares Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date of this dividend was Thursday, August 22nd. Southside Bancshares’s payout ratio is 53.53%.
Insider Buying and Selling
Analysts Set New Price Targets
A number of brokerages have recently commented on SBSI. StockNews.com downgraded shares of Southside Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, October 10th. Hovde Group lifted their target price on shares of Southside Bancshares from $31.00 to $37.00 and gave the stock a “market perform” rating in a research note on Monday, July 29th.
Check Out Our Latest Stock Report on Southside Bancshares
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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