News headlines about Southside Bancshares (NASDAQ:SBSI) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Southside Bancshares earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 45.0497482701493 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern’s rankings:
- Southside Bancshares, Inc. – Value Analysis (NASDAQ:SBSI) : December 7, 2017 (finance.yahoo.com)
- Southside Bancshares, Inc. (SBSI) Given $37.25 Consensus Price Target by Brokerages (americanbankingnews.com)
- Southside Bancshares, Inc. breached its 50 day moving average in a Bearish Manner : SBSI-US : December 6, 2017 (finance.yahoo.com)
- Southside Bancshares (SBSI) Upgraded at ValuEngine (americanbankingnews.com)
- Southside Bancshares, Inc. Completes Merger with Diboll State Bancshares, Inc. (finance.yahoo.com)
Several equities analysts have weighed in on SBSI shares. BidaskClub downgraded Southside Bancshares from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Zacks Investment Research raised Southside Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $38.00 target price on shares of Southside Bancshares in a research report on Tuesday, August 29th. Piper Jaffray Companies started coverage on Southside Bancshares in a research report on Friday, September 22nd. They issued a “neutral” rating and a $37.00 target price for the company. Finally, ValuEngine raised Southside Bancshares from a “hold” rating to a “buy” rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $37.00.
Shares of Southside Bancshares (NASDAQ:SBSI) opened at $34.61 on Friday. The firm has a market capitalization of $1,020.00, a P/E ratio of 18.44 and a beta of 0.76. Southside Bancshares has a 52 week low of $31.20 and a 52 week high of $38.83. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.62 and a current ratio of 0.62.
Southside Bancshares (NASDAQ:SBSI) last posted its earnings results on Friday, October 27th. The bank reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.05). The business had revenue of $44.37 million for the quarter, compared to analysts’ expectations of $51.00 million. Southside Bancshares had a return on equity of 10.32% and a net margin of 25.70%. analysts forecast that Southside Bancshares will post 1.97 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend was Wednesday, November 15th. Southside Bancshares’s dividend payout ratio is currently 58.64%.
In other news, Director Michael J. Bosworth sold 4,512 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $33.94, for a total value of $153,137.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Brian K. Mccabe sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $33.00, for a total value of $49,500.00. Following the completion of the transaction, the chief operating officer now directly owns 16,658 shares in the company, valued at approximately $549,714. The disclosure for this sale can be found here. 17.20% of the stock is currently owned by 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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