Southside Bancshares, Inc. (SBSI) Scheduled to Post Earnings on Thursday
Southside Bancshares, Inc. (NASDAQ:SBSI) is scheduled to release its earnings data before the market opens on Thursday, October 26th. Analysts expect Southside Bancshares to post earnings of $0.54 per share for the quarter.
Southside Bancshares (NASDAQ:SBSI) last announced its quarterly earnings data on Friday, July 28th. The bank reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.04). The business had revenue of $44.72 million during the quarter, compared to the consensus estimate of $50.40 million. Southside Bancshares had a return on equity of 10.42% and a net margin of 25.30%. On average, analysts expect Southside Bancshares to post $2.07 EPS for the current fiscal year and $2.31 EPS for the next fiscal year.
Shares of Southside Bancshares, Inc. (NASDAQ SBSI) opened at 36.84 on Thursday. The stock has a 50 day moving average of $34.67 and a 200-day moving average of $34.03. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 19.40 and a beta of 0.81. Southside Bancshares, Inc. has a one year low of $30.47 and a one year high of $38.08.
A number of analysts recently issued reports on the company. Keefe, Bruyette & Woods restated a “hold” rating and issued a $37.00 price target on shares of Southside Bancshares in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded Southside Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. BidaskClub upgraded Southside Bancshares from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Finally, Piper Jaffray Companies assumed coverage on Southside Bancshares in a research report on Friday, September 22nd. They issued a “neutral” rating and a $37.00 price target for the company.
In related news, insider Tim Carter sold 7,000 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $33.95, for a total value of $237,650.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Brian K. Mccabe sold 1,500 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $33.00, for a total value of $49,500.00. Following the completion of the sale, the chief operating officer now owns 16,658 shares of the company’s stock, valued at $549,714. The disclosure for this sale can be found here. 17.20% of the stock is owned by company insiders.
Southside Bancshares Company Profile
Southside Bancshares, Inc (Southside) is a bank holding company for Southside Bank (the Bank). The Company is a community-focused financial institution that offers a range of financial services to individuals, businesses, municipal entities, and nonprofit organizations in the communities. These services include consumer and commercial loans, deposit accounts, trust services, safe deposit services and brokerage services.
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