Southside Bancshares, Inc. (NASDAQ:SBSI) Declares Quarterly Dividend of $0.36

Key Points

• Southside Bancshares, Inc. declared a quarterly dividend of $0.36 per share, with payment scheduled for September 4th to stockholders of record by August 21st.
• The dividend represents a 5.1% dividend yield on an annualized basis, reflecting the company's commitment to returning value to shareholders.
• As of the latest trading session, Southside Bancshares stock (NASDAQ:SBSI) is valued at $28.26, experiencing a slight decrease of 0.8%.

Southside Bancshares, Inc. (NASDAQ:SBSI - Get Free Report) announced a quarterly dividend on Thursday, August 7th, RTT News reports. Stockholders of record on Thursday, August 21st will be given a dividend of 0.36 per share by the bank on Thursday, September 4th. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%.

Southside Bancshares Trading Down 0.8%

SBSI stock traded down $0.22 on Thursday, reaching $28.26. The company's stock had a trading volume of 92,434 shares, compared to its average volume of 118,007. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.76 and a current ratio of 0.76. Southside Bancshares has a 12-month low of $25.85 and a 12-month high of $38.00. The business has a fifty day simple moving average of $29.52 and a two-hundred day simple moving average of $29.50. The firm has a market cap of $850.06 million, a PE ratio of 9.71 and a beta of 0.68.

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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