Southside Bancshares (SBSI) Set to Announce Earnings on Thursday

Southside Bancshares (NASDAQ:SBSI) will be posting its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Southside Bancshares to post earnings of $0.75 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Southside Bancshares (NASDAQ:SBSI) last posted its earnings results on Friday, January 26th. The bank reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.10). Southside Bancshares had a net margin of 21.92% and a return on equity of 11.59%. The firm had revenue of $68.50 million during the quarter, compared to analysts’ expectations of $64.82 million. During the same period in the previous year, the firm posted $0.88 earnings per share. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. On average, analysts expect Southside Bancshares to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Southside Bancshares Stock Up 0.6 %

Southside Bancshares stock opened at $28.32 on Wednesday. Southside Bancshares has a fifty-two week low of $25.38 and a fifty-two week high of $34.40. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $857.61 million, a P/E ratio of 10.08 and a beta of 0.54. The stock has a 50-day simple moving average of $28.42 and a 200-day simple moving average of $29.27.

Southside Bancshares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 5.08%. The ex-dividend date of this dividend was Wednesday, February 14th. Southside Bancshares’s dividend payout ratio is presently 51.25%.

Insider Buying and Selling at Southside Bancshares

In other Southside Bancshares news, CEO Lee R. Gibson sold 14,897 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $30.27, for a total transaction of $450,932.19. Following the completion of the sale, the chief executive officer now directly owns 56,491 shares of the company’s stock, valued at approximately $1,709,982.57. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Herbert C. Buie acquired 1,990 shares of Southside Bancshares stock in a transaction on Tuesday, January 30th. The stock was purchased at an average cost of $32.52 per share, with a total value of $64,714.80. Following the purchase, the director now directly owns 407,501 shares in the company, valued at $13,251,932.52. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lee R. Gibson sold 14,897 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $30.27, for a total value of $450,932.19. Following the sale, the chief executive officer now directly owns 56,491 shares of the company’s stock, valued at $1,709,982.57. The disclosure for this sale can be found here. 5.90% of the stock is owned by company insiders.

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 deposits.