Southside Bancshares (SBSI) Projected to Post Earnings on Friday

Southside Bancshares (NASDAQ:SBSI) is expected to be announcing its earnings results before the market opens on Friday, January 24th. Analysts expect the company to announce earnings of $0.72 per share and revenue of $68,260.00 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Southside Bancshares (NASDAQ:SBSI) last issued its quarterly earnings data on Thursday, October 24th. The bank reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.05). The firm had revenue of $113.87 million for the quarter, compared to the consensus estimate of $68.25 million. Southside Bancshares had a return on equity of 10.64% and a net margin of 18.94%. During the same quarter in the prior year, the firm earned $0.60 EPS. On average, analysts expect Southside Bancshares to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Southside Bancshares Price Performance

Shares of NASDAQ SBSI opened at $31.83 on Thursday. The firm has a market cap of $964.80 million, a P/E ratio of 11.49 and a beta of 0.58. The business’s 50 day moving average is $33.35 and its 200-day moving average is $33.01. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.32. Southside Bancshares has a 1-year low of $25.30 and a 1-year high of $38.00.

Southside Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 21st were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend was Thursday, November 21st. Southside Bancshares’s payout ratio is 51.99%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Raymond James initiated coverage on shares of Southside Bancshares in a research note on Tuesday, January 14th. They issued a “market perform” rating on the stock. StockNews.com cut shares of Southside Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th.

Insider Buying and Selling

In other news, CEO Lee R. Gibson sold 3,300 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $36.74, for a total value of $121,242.00. Following the sale, the chief executive officer now directly owns 57,272 shares in the company, valued at approximately $2,104,173.28. This trade represents a 5.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Suni M. Davis sold 2,220 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $36.00, for a total transaction of $79,920.00. Following the transaction, the insider now owns 9,202 shares of the company’s stock, valued at approximately $331,272. This represents a 19.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.10% of the stock is owned by company insiders.

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.