Press coverage about Southside Bancshares (NASDAQ:SBSI) has been trending somewhat positive on Friday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Southside Bancshares earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave news coverage about the bank an impact score of 45.3515419307725 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Several equities research analysts have weighed in on the stock. BidaskClub cut shares of Southside Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. Zacks Investment Research cut shares of Southside Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, March 23rd. Finally, ValuEngine upgraded shares of Southside Bancshares from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $38.00.
SBSI opened at $35.03 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $1,213.17, a price-to-earnings ratio of 18.53 and a beta of 0.75. Southside Bancshares has a 1-year low of $31.20 and a 1-year high of $37.57.
Southside Bancshares (NASDAQ:SBSI) last issued its quarterly earnings results on Tuesday, February 6th. The bank reported $0.41 EPS for the quarter, missing the 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 for the quarter, compared to analyst estimates of $53.50 million. equities research analysts forecast that Southside Bancshares will post 2.48 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 8th. Stockholders of record on Thursday, February 22nd were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend was Wednesday, February 21st. Southside Bancshares’s dividend payout ratio is 59.26%.
In other Southside Bancshares news, CFO Julie Shamburger purchased 3,250 shares of the stock in a transaction dated Tuesday, February 20th. The stock was bought at an average price of $34.88 per share, for a total transaction of $113,360.00. Following the transaction, the chief financial officer now directly owns 14,164 shares in the company, valued at $494,040.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 17.20% of the stock is owned by insiders.
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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 deposit.
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