Southside Bancshares (NASDAQ:SBSI) will post its quarterly earnings results before the market opens on Wednesday, January 31st. Analysts expect Southside Bancshares to post earnings of $0.50 per share for the quarter.
Southside Bancshares (NASDAQ:SBSI) last issued its earnings results on Friday, October 27th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.05). Southside Bancshares had a return on equity of 10.32% and a net margin of 25.70%. The firm had revenue of $44.37 million during the quarter, compared to the consensus estimate of $51.00 million. On average, analysts expect Southside Bancshares to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Southside Bancshares (NASDAQ:SBSI) opened at $34.70 on Monday. The stock has a market capitalization of $1,020.00, a price-to-earnings ratio of 18.17 and a beta of 0.76. Southside Bancshares has a twelve month low of $30.44 and a twelve month high of $37.57. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.62 and a quick ratio of 0.62.
A number of research firms recently commented on SBSI. BidaskClub lowered Southside Bancshares from a “hold” rating to a “sell” rating in a research report on Friday. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $37.00 price target on shares of Southside Bancshares in a research report on Tuesday, October 3rd. Zacks Investment Research raised Southside Bancshares from a “strong sell” rating to a “hold” rating and set a $38.00 price target for the company in a research report on Saturday, January 6th. Finally, ValuEngine raised Southside Bancshares from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $37.33.
In related news, EVP Peter M. Boyd sold 750 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $35.19, for a total value of $26,392.50. Following the completion of the sale, the executive vice president now directly owns 3,563 shares of the company’s stock, valued at approximately $125,381.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Tony K. Morgan purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, November 13th. The stock was bought at an average cost of $35.45 per share, with a total value of $35,450.00. The disclosure for this purchase can be found here. Corporate insiders own 17.20% of the company’s stock.
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Southside Bancshares Company Profile
Southside Bancshares, Inc (Southside) is a bank holding company for Southside Bank (the Bank). The Company is a community-focused financial institution that offers a range of financial services to individuals, businesses, municipal entities, and nonprofit organizations in the communities. These services include consumer and commercial loans, deposit accounts, trust services, safe deposit services and brokerage services.
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