Southside Bancshares (NASDAQ:SBSI - Get Free Report) is projected to release its earnings data before the market opens on Tuesday, April 29th. Analysts expect Southside Bancshares to post earnings of $0.67 per share and revenue of $67.37 million for the quarter.
Southside Bancshares Stock Down 1.4 %
NASDAQ SBSI traded down $0.39 during trading hours on Friday, reaching $28.27. 110,919 shares of the company's stock traded hands, compared to its average volume of 115,828. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market cap of $859.00 million, a PE ratio of 9.71 and a beta of 0.58. The firm has a 50-day simple moving average of $28.79 and a 200 day simple moving average of $31.67. Southside Bancshares has a 52-week low of $25.30 and a 52-week high of $38.00.
Southside Bancshares Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were paid a $0.36 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $1.44 annualized dividend and a dividend yield of 5.09%. Southside Bancshares's dividend payout ratio is presently 49.48%.
Analysts Set New Price Targets
Several brokerages recently commented on SBSI. StockNews.com raised Southside Bancshares from a "sell" rating to a "hold" rating in a report on Tuesday, April 15th. Raymond James initiated coverage on shares of Southside Bancshares in a report on Tuesday, January 14th. They issued a "market perform" rating for the company. Finally, Stephens lowered their price target on shares of Southside Bancshares from $38.00 to $37.00 and set an "equal weight" rating on the stock in a report on Thursday, January 30th.
Read Our Latest Analysis on SBSI
Southside Bancshares Company Profile
(
Get Free Report)
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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