Southside Bancshares, Inc. (NASDAQ:SBSI – Get Rating) insider Cindy Blackstone sold 2,005 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $39.44, for a total transaction of $79,077.20. Following the completion of the transaction, the insider now directly owns 2,021 shares of the company’s stock, valued at approximately $79,708.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Southside Bancshares Trading Up 1.2 %
Shares of SBSI opened at $39.89 on Friday. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 11.94 and a beta of 0.57. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.66 and a current ratio of 0.64. Southside Bancshares, Inc. has a fifty-two week low of $35.44 and a fifty-two week high of $45.36. The firm has a 50 day moving average price of $38.23 and a 200-day moving average price of $39.85.
Southside Bancshares (NASDAQ:SBSI – Get Rating) last announced its quarterly earnings data on Monday, July 25th. The bank reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.03. Southside Bancshares had a net margin of 40.84% and a return on equity of 13.17%. During the same period last year, the business posted $0.65 earnings per share. As a group, equities research analysts forecast that Southside Bancshares, Inc. will post 3.31 earnings per share for the current year.
Institutional Investors Weigh In On Southside Bancshares
Analysts Set New Price Targets
A number of equities analysts have commented on the stock. Piper Sandler cut their price target on shares of Southside Bancshares to $41.00 in a research note on Monday, July 4th. Stephens boosted their price target on shares of Southside Bancshares to $43.00 in a research note on Tuesday, July 26th.
Southside Bancshares Company Profile
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 deposit.
- Get a free copy of the StockNews.com research report on Southside Bancshares (SBSI)
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