Press coverage about Southside Bancshares (NASDAQ:SBSI) has trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Southside Bancshares earned a media sentiment score of 0.03 on Accern’s scale. Accern also gave media stories about the bank an impact score of 46.9002714750936 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Southside Bancshares (SBSI) opened at $35.38 on Wednesday. The company has a market capitalization of $1,240.00, a price-to-earnings ratio of 18.72 and a beta of 0.77. Southside Bancshares has a 12 month low of $31.20 and a 12 month high of $37.57. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.77 and a quick ratio of 0.77.
Southside Bancshares (NASDAQ:SBSI) last released its earnings results on Tuesday, February 6th. The bank reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.09). The business had revenue of $47.41 million during the quarter, compared to analyst estimates of $53.50 million. Southside Bancshares had a net margin of 24.14% and a return on equity of 9.50%. equities analysts predict that Southside Bancshares will post 2.48 EPS for the current fiscal year.
The firm also recently announced 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. The ex-dividend date is Wednesday, February 21st. This represents a $1.12 annualized dividend and a yield of 3.17%. Southside Bancshares’s payout ratio is currently 59.26%.
Several brokerages have recently issued reports on SBSI. BidaskClub upgraded Southside Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. ValuEngine upgraded Southside Bancshares from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. Finally, Zacks Investment Research downgraded Southside Bancshares from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Southside Bancshares presently 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 company’s 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 transaction, the executive vice president now directly owns 3,563 shares in the company, valued at $125,381.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Julie Shamburger bought 3,250 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was acquired at an average price of $34.88 per share, with a total value of $113,360.00. Following the completion of the purchase, the chief financial officer now directly owns 14,164 shares of the company’s stock, valued at approximately $494,040.32. The disclosure for this purchase can be found here. Corporate insiders own 17.20% of the company’s stock.
About Southside Bancshares
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.