Southside Bancshares (SBSI) Scheduled to Post Quarterly Earnings on Thursday

Southside Bancshares (NASDAQ:SBSI) is scheduled to be releasing its earnings data before the market opens on Thursday, April 25th. Analysts expect Southside Bancshares to post earnings of $0.75 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Southside Bancshares (NASDAQ:SBSI) last released its quarterly earnings results on Friday, January 26th. The bank reported $0.57 EPS 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 for the quarter, compared to analyst estimates of $64.82 million. During the same quarter in the prior year, the business posted $0.88 EPS. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. 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 Down 0.1 %

SBSI opened at $28.15 on Tuesday. The company has a fifty day moving average of $28.42 and a two-hundred day moving average of $29.27. The stock has a market capitalization of $852.38 million, a price-to-earnings ratio of 10.02 and a beta of 0.54. 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.

Southside Bancshares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date was Wednesday, February 14th. Southside Bancshares’s dividend payout ratio (DPR) is presently 51.25%.

Insider Buying and Selling

In other Southside Bancshares news, CEO Lee R. Gibson sold 14,897 shares of the firm’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 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Southside Bancshares news, CEO Lee R. Gibson sold 14,897 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $30.27, for a total transaction of $450,932.19. Following the transaction, the chief executive officer now directly owns 56,491 shares of the company’s stock, valued at $1,709,982.57. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Herbert C. Buie bought 1,990 shares of the company’s stock in a transaction dated Tuesday, January 30th. The stock was bought at an average price of $32.52 per share, for a total transaction of $64,714.80. Following the transaction, the director now owns 407,501 shares of the company’s stock, valued at $13,251,932.52. The disclosure for this purchase can be found here. 6.10% of the stock is currently owned by insiders.

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.