Southside Bancshares (NASDAQ:SBSI) released its quarterly earnings results on Friday. The bank reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.03), Fidelity Earnings reports. Southside Bancshares had a net margin of 24.55% and a return on equity of 9.07%. The company had revenue of $54.82 million during the quarter, compared to the consensus estimate of $56.10 million.
Shares of NASDAQ:SBSI opened at $30.88 on Friday. The stock has a market capitalization of $1.08 billion, a PE ratio of 15.29 and a beta of 0.76. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.66 and a current ratio of 0.66. Southside Bancshares has a 1 year low of $29.28 and a 1 year high of $37.54.
In other news, insider Timothy F. Alexander sold 16,007 shares of the business’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $35.36, for a total value of $566,007.52. Following the transaction, the insider now directly owns 11,780 shares of the company’s stock, valued at approximately $416,540.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Brian K. Mccabe sold 1,670 shares of the business’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $36.81, for a total value of $61,472.70. Following the completion of the transaction, the chief operating officer now directly owns 17,706 shares in the company, valued at $651,757.86. The disclosure for this sale can be found here. 17.20% of the stock is owned by 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 deposit.
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