Southside Bancshares' (SBSI) Hold (C) Rating Reaffirmed at Weiss Ratings

Key Points

• Southside Bancshares' stock has been reaffirmed with a "hold (C)" rating by Weiss Ratings, while Wall Street Zen also upgraded it from "sell" to "hold".
• The company's most recent quarterly earnings exceeded estimates, reporting $0.72 EPS and revenues of $68.84 million.
• As of Wednesday, Southside Bancshares' stock was down 0.3%, with shares opening at $28.23 and a market capitalization of approximately $849.16 million.

Southside Bancshares (NYSE:SBSI - Get Free Report)'s stock had its "hold (c)" rating reissued by investment analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised Southside Bancshares from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

Southside Bancshares Stock Down 0.3%

Shares of Southside Bancshares stock opened at $28.23 on Wednesday. The firm has a market capitalization of $849.16 million, a PE ratio of 10.01 and a beta of 0.64. The stock has a fifty day simple moving average of $29.78. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. Southside Bancshares has a 12 month low of $25.85 and a 12 month high of $38.00.

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

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.

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