Southside Bancshares (SBSI) to Release Quarterly Earnings on Tuesday

Southside Bancshares (NASDAQ:SBSI) is expected to announce its earnings results before the market opens on Tuesday, April 29th. Analysts expect the company to announce earnings of $0.67 per share and revenue of $67.37 million for the quarter.

Southside Bancshares Stock Performance

Shares of NASDAQ:SBSI opened at $27.64 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $839.98 million, a price-to-earnings ratio of 9.50 and a beta of 0.58. The firm has a 50 day moving average of $29.03 and a 200 day moving average of $31.76. Southside Bancshares has a 52 week low of $25.30 and a 52 week high of $38.00.

Southside Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 20th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date was Thursday, February 20th. Southside Bancshares’s payout ratio is currently 49.48%.

Wall Street Analysts Forecast Growth

SBSI has been the subject of several analyst reports. Raymond James started coverage on shares of Southside Bancshares in a research report on Tuesday, January 14th. They set a “market perform” rating for the company. Stephens decreased their price objective on Southside Bancshares from $38.00 to $37.00 and set an “equal weight” rating for the company in a report on Thursday, January 30th. Finally, StockNews.com raised Southside Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, April 15th.

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.