Southside Bancshares, Inc. (NYSE:SBSI – Get Free Report) has been given an average recommendation of “Hold” by the six ratings firms that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $35.00.
Several equities research analysts have commented on the company. Benchmark began coverage on Southside Bancshares in a report on Wednesday, June 24th. They issued a “hold” rating on the stock. Piper Sandler started coverage on Southside Bancshares in a research report on Wednesday, April 15th. They issued a “neutral” rating and a $35.00 price target for the company. Finally, Weiss Ratings upgraded shares of Southside Bancshares from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, May 4th.
Read Our Latest Report on Southside Bancshares
Institutional Investors Weigh In On Southside Bancshares
Southside Bancshares Price Performance
Shares of NYSE SBSI opened at $34.07 on Friday. The company has a 50 day simple moving average of $33.83 and a two-hundred day simple moving average of $32.70. Southside Bancshares has a fifty-two week low of $26.32 and a fifty-two week high of $36.20. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 14.44 and a beta of 0.58. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.74 and a current ratio of 0.74.
Southside Bancshares (NYSE:SBSI – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. The firm had revenue of $70.28 million for the quarter, compared to analysts’ expectations of $70.92 million. Southside Bancshares had a return on equity of 10.81% and a net margin of 15.85%. Analysts expect that Southside Bancshares will post 3.43 EPS for the current fiscal year.
Southside Bancshares Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were issued a $0.36 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.44 annualized dividend and a yield of 4.2%. Southside Bancshares’s payout ratio is 61.02%.
Southside Bancshares Company Profile
Southside Bancshares Inc is a bank holding company headquartered in Tyler, Texas. Through its subsidiary, Southside Bank, it provides a broad array of commercial and consumer banking services to individuals and businesses. The company’s offerings include deposit products, loan facilities and treasury management solutions tailored to the needs of its clientele. Established in 1974, Southside Bancshares has grown its footprint across East and North Texas while maintaining a community banking focus.
In the commercial banking segment, the company extends financing for real estate development, construction projects, equipment purchases and working capital needs.
Featured Articles
- Five stocks we like better than Southside Bancshares
- Premium Retail’s Stress Test Is Separating Winners From Losers
- D-Wave Quantum or a Quantum ETF: Which Is the Better Bet?
- GE Vernova Just Sent a Mixed AI Signal to Investors
- Alphabet Crushed Earnings, But One Number Spooked the Market
Receive News & Ratings for Southside Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southside Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.
