Southside Bancshares (NASDAQ:SBSI - Get Free Report) announced its quarterly earnings data on Tuesday. The bank reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.04, Briefing.com reports. Southside Bancshares had a net margin of 19.40% and a return on equity of 11.10%. The business had revenue of $100.29 million for the quarter, compared to analysts' expectations of $67.37 million. During the same quarter in the prior year, the company earned $0.71 earnings per share.
Southside Bancshares Stock Up 1.9 %
SBSI stock traded up $0.53 during midday trading on Friday, hitting $28.58. The company's stock had a trading volume of 94,700 shares, compared to its average volume of 115,954. The firm's 50-day moving average is $28.58 and its 200-day moving average is $31.48. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.18. Southside Bancshares has a 12 month low of $25.30 and a 12 month high of $38.00. The company has a market cap of $868.39 million, a PE ratio of 9.82 and a beta of 0.58.
Southside Bancshares Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 20th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 5.04%. The ex-dividend date was Thursday, February 20th. Southside Bancshares's dividend payout ratio (DPR) is currently 49.48%.
Wall Street Analyst Weigh In
Several research firms recently weighed in on SBSI. StockNews.com downgraded Southside Bancshares from a "hold" rating to a "sell" rating in a research note on Thursday. Raymond James initiated coverage on Southside Bancshares in a research note on Tuesday, January 14th. They issued a "market perform" rating on the stock. Finally, Stephens lowered their price target on Southside Bancshares from $38.00 to $37.00 and set an "equal weight" rating for the company in a research report on Thursday, January 30th.
View Our Latest Stock Report on SBSI
About Southside Bancshares
(
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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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