Southside Bancshares (SBSI) to Release Earnings on Friday

Southside Bancshares (NASDAQ:SBSI) is anticipated to post 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 interested in listening to the company’s earnings conference call can do so using this link.

Southside Bancshares (NASDAQ:SBSI) last announced its quarterly earnings data on Thursday, October 24th. The bank reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.05). Southside Bancshares had a net margin of 18.94% and a return on equity of 10.64%. The business had revenue of $113.87 million during the quarter, compared to analysts’ expectations of $68.25 million. During the same period in the prior year, the firm earned $0.60 EPS. 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 Stock Performance

NASDAQ SBSI opened at $31.84 on Friday. The business’s 50-day moving average price is $33.70 and its 200 day moving average price is $32.82. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.32. Southside Bancshares has a twelve month low of $25.30 and a twelve month high of $38.00. The company has a market capitalization of $965.07 million, a PE ratio of 11.49 and a beta of 0.58.

Southside Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date was Thursday, November 21st. Southside Bancshares’s dividend payout ratio is currently 51.99%.

Insider Activity

In related news, insider Suni M. Davis sold 2,220 shares of Southside Bancshares stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $36.00, for a total value of $79,920.00. Following the completion of the sale, the insider now owns 9,202 shares in the company, valued at approximately $331,272. The trade was a 19.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lee R. Gibson sold 3,300 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $36.74, for a total transaction of $121,242.00. Following the transaction, the chief executive officer now owns 57,272 shares in the company, valued at $2,104,173.28. This trade represents a 5.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SBSI shares. Raymond James initiated coverage on Southside Bancshares in a research note on Tuesday. They set a “market perform” rating for the company. StockNews.com lowered shares of Southside Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th.

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.