Press coverage about Southside Bancshares (NASDAQ:SBSI) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Southside Bancshares earned a news impact score of 0.08 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 44.8378993398847 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the media stories that may have effected Accern’s scoring:

Shares of Southside Bancshares (NASDAQ:SBSI) opened at $34.00 on Wednesday. The stock has a market cap of $1,204.31, a PE ratio of 18.06 and a beta of 0.76. Southside Bancshares has a 52-week low of $31.20 and a 52-week high of $38.59. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.62 and a quick ratio of 0.62.

Southside Bancshares (NASDAQ:SBSI) last posted its quarterly earnings results on Friday, October 27th. The bank reported $0.49 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.05). The company had revenue of $44.37 million during the quarter, compared to analyst estimates of $51.00 million. Southside Bancshares had a net margin of 25.70% and a return on equity of 10.32%. sell-side analysts forecast that Southside Bancshares will post 1.97 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 16th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date was Wednesday, November 15th. Southside Bancshares’s dividend payout ratio (DPR) is presently 58.74%.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Southside Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. ValuEngine raised shares of Southside Bancshares from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. Piper Jaffray Companies assumed coverage on shares of Southside Bancshares in a research report on Friday, September 22nd. They issued a “neutral” rating and a $37.00 target price for the company. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $37.00 target price on shares of Southside Bancshares in a research report on Tuesday, October 3rd. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $37.00.

In other Southside Bancshares news, COO Brian K. Mccabe sold 1,500 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $33.00, for a total transaction of $49,500.00. Following the completion of the transaction, the chief operating officer now owns 16,658 shares of the company’s stock, valued at $549,714. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael J. Bosworth sold 4,512 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $33.94, for a total value of $153,137.28. The disclosure for this sale can be found here. 17.20% of the stock is owned by insiders.

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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.

Insider Buying and Selling by Quarter for Southside Bancshares (NASDAQ:SBSI)

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