Southside Bancshares (NASDAQ:SBSI - Get Free Report) will issue its earnings results before the market opens on Thursday, October 24th. Individual interested in participating in the company's earnings conference call can do so using this link.
Southside Bancshares (NASDAQ:SBSI - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The bank reported $0.81 EPS for the quarter, beating the consensus estimate of $0.64 by $0.17. The firm had revenue of $115.74 million for the quarter, compared to analyst estimates of $64.91 million. Southside Bancshares had a return on equity of 10.64% and a net margin of 18.90%. During the same period in the prior year, the company earned $0.82 EPS. On average, analysts expect Southside Bancshares to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of SBSI opened at $34.88 on Thursday. The firm has a 50 day moving average price of $32.93 and a 200-day moving average price of $29.80. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.71 and a current ratio of 0.71. Southside Bancshares has a fifty-two week low of $25.30 and a fifty-two week high of $36.10. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 12.97 and a beta of 0.54.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $1.44 annualized dividend and a yield of 4.13%. Southside Bancshares's payout ratio is 53.53%.
In related news, CFO Julie Shamburger sold 5,360 shares of the company's stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $35.03, for a total transaction of $187,760.80. Following the completion of the sale, the chief financial officer now owns 24,327 shares in the company, valued at approximately $852,174.81. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider T L. Arnold, Jr. sold 3,999 shares of the firm's stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $31.63, for a total value of $126,488.37. Following the completion of the sale, the insider now directly owns 16,441 shares of the company's stock, valued at $520,028.83. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Julie Shamburger sold 5,360 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $35.03, for a total value of $187,760.80. Following the completion of the sale, the chief financial officer now owns 24,327 shares in the company, valued at approximately $852,174.81. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,890 shares of company stock valued at $500,319 over the last ninety days. 5.90% of the stock is currently owned by corporate insiders.
A number of research analysts recently issued reports on SBSI shares. StockNews.com downgraded Southside Bancshares from a "hold" rating to a "sell" rating in a report on Thursday, October 10th. Hovde Group upped their price target on Southside Bancshares from $31.00 to $37.00 and gave the stock a "market perform" rating in a research note on Monday, July 29th.
Get Our Latest Stock Analysis on SBSI
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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