Southside Bancshares (NASDAQ:SBSI) is scheduled to release its earnings data before the market opens on Thursday, April 26th. Analysts expect Southside Bancshares to post earnings of $0.57 per share for the quarter.
Southside Bancshares (NASDAQ:SBSI) last issued its earnings results on Tuesday, February 6th. The bank reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.09). The company had revenue of $47.41 million for the quarter, compared to analysts’ expectations of $53.50 million. Southside Bancshares had a net margin of 24.14% and a return on equity of 9.50%. On average, analysts expect Southside Bancshares to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
SBSI stock opened at $35.81 on Wednesday. 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 $1,230.69, a P/E ratio of 18.50 and a beta of 0.75. Southside Bancshares has a 1-year low of $31.20 and a 1-year high of $37.57.
Several research firms recently weighed in on SBSI. Zacks Investment Research downgraded Southside Bancshares from a “buy” rating to a “hold” rating in a report on Friday, March 23rd. BidaskClub downgraded Southside Bancshares from a “hold” rating to a “sell” rating in a report on Friday, January 26th. Finally, ValuEngine downgraded Southside Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, April 18th. Five equities research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus price target of $38.00.
In other news, CFO Julie Shamburger bought 3,250 shares of Southside Bancshares stock in a transaction on Tuesday, February 20th. The stock was acquired at an average cost of $34.88 per share, for a total transaction of $113,360.00. Following the completion of the acquisition, the chief financial officer now owns 14,164 shares of the company’s stock, valued at approximately $494,040.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 6.10% of the company’s stock.
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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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