Southside Bancshares (NASDAQ: SBSI) is expected to release its results before market opens on Tuesday, October 26. Analysts expect Southside Bancshares to post earnings of $ 0.63 per share for the quarter. People who wish to register for the corporate earnings conference call can do so by using this link.
Southside Bancshares (NASDAQ: SBSI) last released its quarterly results on Thursday, July 22. The bank reported earnings of $ 0.65 per share for the quarter, missing Zacks’ consensus estimate of $ 0.69 by $ 0.04. The company posted revenue of $ 59.71 million for the quarter, compared to analysts’ estimates of $ 60.63 million. Southside Bancshares recorded a return on equity of 13.00% and a net margin of 42.23%. During the same period last year, the company achieved earnings per share of $ 0.65. On average, analysts expect Southside Bancshares to post EPS of $ 3 for the current fiscal year and EPS of $ 3 for the next fiscal year.
Actions of NASDAQ SBSI open for $ 38.06 Tuesday. The stock has a market cap of $ 1.24 billion, a price-to-earnings ratio of 11.19 and a beta of 0.61. Southside Bancshares has a 52-week low of $ 25.27 and a 52-week high of $ 43.69. The company’s 50-day mobile average price is $ 37.55 and its 200-day mobile average price is $ 38.78. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt ratio of 0.31.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 2. Investors registered on Thursday August 19 received a dividend of $ 0.33. The ex-dividend date was Wednesday August 18. This represents a dividend of $ 1.32 on an annualized basis and a return of 3.47%. Southside Bancshares’ payout ratio is 53.01%.
SBSI has been the subject of a number of research reports. Hovde Group reissued a “market performance” rating and issued a price target of $ 34.82 (vs. $ 42.00) on Southside Bancshares shares in a research note on Monday, July 26. Zacks investment research Reduced Southside Bancshares shares from a “hold” note to a “sell” note in a Friday October 1 research note.
A hedge fund recently increased its stake in shares of Southside Bancshares. Morgan Stanley increased its position in Southside Bancshares, Inc. (NASDAQ: SBSI) by 36.6% in the second quarter, according to the company in its latest 13F filing with the Securities and Exchange Commission. The institutional investor held 157,866 shares of the bank after purchasing an additional 42,262 shares during the period. Morgan Stanley owned approximately 0.48% of Southside Bancshares valued at $ 6,035,000 at the end of the most recent reporting period. 50.80% of the capital is held by institutional investors.
About Southside Bancshares
Southside Bancshares, Inc is a banking holding company that provides financial services to individuals, businesses, municipal entities and non-profit organizations. It offers checking, savings and retirement accounts, certificates of deposit, debit cards, credit cards, mobile banking, loans, mortgages and equity loans, the prevention of spoofing identity, electronic banking, health banking and business loans.
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