Southside Bancshares (NASDAQ:SBSI – Get Free Report) released its quarterly earnings results on Thursday. The bank reported $0.71 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.04), Briefing.com reports. The firm had revenue of $112.48 million for the quarter, compared to analyst estimates of $67.10 million. Southside Bancshares had a return on equity of 11.59% and a net margin of 21.92%. During the same period last year, the firm earned $0.84 EPS.
Southside Bancshares Stock Performance
Shares of NASDAQ:SBSI traded down $0.40 during trading on Friday, reaching $27.27. The company had a trading volume of 139,799 shares, compared to its average volume of 130,302. The firm has a market capitalization of $825.74 million, a price-to-earnings ratio of 9.63 and a beta of 0.54. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.75 and a quick ratio of 0.75. The stock’s fifty day moving average price is $28.32 and its 200 day moving average price is $29.25. Southside Bancshares has a fifty-two week low of $25.38 and a fifty-two week high of $34.40.
Southside Bancshares Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 5.28%. The ex-dividend date was Wednesday, February 14th. Southside Bancshares’s dividend payout ratio (DPR) is 51.25%.
Insider Activity
About Southside Bancshares
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 deposits.
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