News articles about Southside Bancshares (NASDAQ:SBSI) have trended somewhat positive recently, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Southside Bancshares earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 46.5544151941791 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of research analysts have recently commented on SBSI shares. ValuEngine upgraded shares of Southside Bancshares from a “hold” rating to a “buy” rating in a report on Monday, December 4th. Zacks Investment Research cut shares of Southside Bancshares from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 8th. Finally, BidaskClub cut shares of Southside Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, December 30th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Southside Bancshares currently has an average rating of “Hold” and an average price target of $37.33.
Southside Bancshares (SBSI) traded up $0.39 during midday trading on Friday, hitting $34.94. 856,871 shares of the stock were exchanged, compared to its average volume of 144,130. Southside Bancshares has a 12-month low of $31.20 and a 12-month high of $37.57. The company has a market capitalization of $1,209.25, a PE ratio of 19.23 and a beta of 0.77. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.57.
Southside Bancshares (NASDAQ:SBSI) last released its quarterly earnings data on Tuesday, February 6th. The bank reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.09). Southside Bancshares had a return on equity of 9.50% and a net margin of 24.14%. The business had revenue of $47.41 million during the quarter, compared to analysts’ expectations of $53.50 million. research analysts forecast that Southside Bancshares will post 2.48 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 22nd will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend is Wednesday, February 21st. Southside Bancshares’s dividend payout ratio (DPR) is presently 61.63%.
In related news, EVP Peter M. Boyd sold 750 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were 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 $125,381.97. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael J. Bosworth sold 4,512 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $33.94, for a total transaction of $153,137.28. The disclosure for this sale can be found here. 17.20% of the stock is owned by corporate insiders.
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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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