Southside Bancshares (NYSE:SBSI) Upgraded at Wall Street Zen

Key Points

• Southside Bancshares has been upgraded from a "sell" to a "hold" rating by research analysts at Wall Street Zen.
• The company's stock performance shows a one-year low of $25.85 and a high of $38.00, with a current price of $30.12.
• In its last quarterly earnings report, Southside Bancshares reported an earnings per share (EPS) of $0.72, surpassing the consensus estimate of $0.69.

Wall Street Zen upgraded shares of Southside Bancshares (NYSE:SBSI - Free Report) from a sell rating to a hold rating in a report published on Saturday morning.

Southside Bancshares Price Performance

SBSI stock traded up $0.28 during midday trading on Friday, hitting $30.87. The company's stock had a trading volume of 168,390 shares, compared to its average volume of 98,322. The company has a quick ratio of 0.75, a current ratio of 0.69 and a debt-to-equity ratio of 0.31. Southside Bancshares has a twelve month low of $25.85 and a twelve month high of $38.00. The business has a fifty day moving average price of $29.50. The firm has a market cap of $928.57 million, a PE ratio of 10.95 and a beta of 0.67.

Southside Bancshares (NYSE:SBSI - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.03. Southside Bancshares had a net margin of 19.07% and a return on equity of 10.59%. The firm had revenue of $68.84 million for the quarter, compared to analyst estimates of $67.90 million.

About Southside Bancshares

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 deposit.