Southside Bancshares (NASDAQ:SBSI – Get Free Report) posted its earnings results on Thursday. The bank reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.17, Briefing.com reports. Southside Bancshares had a return on equity of 10.64% and a net margin of 18.90%. The company had revenue of $115.74 million for the quarter, compared to analyst estimates of $64.91 million. During the same period last year, the company earned $0.82 earnings per share.
Southside Bancshares Stock Down 1.1 %
NASDAQ SBSI traded down $0.39 on Friday, reaching $34.02. The company had a trading volume of 127,478 shares, compared to its average volume of 122,152. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 12.65 and a beta of 0.55. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.73 and a current ratio of 0.77. Southside Bancshares has a 1-year low of $25.30 and a 1-year high of $34.70. The company’s fifty day moving average is $27.66 and its 200-day moving average is $28.46.
Southside Bancshares Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 23rd were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend was Wednesday, May 22nd. Southside Bancshares’s payout ratio is presently 53.53%.
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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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