Southside Bancshares (SBSI) Receives Media Impact Score of 0.18
Headlines about Southside Bancshares (NASDAQ:SBSI) have been trending somewhat positive recently, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Southside Bancshares earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave headlines about the bank an impact score of 45.1471976432708 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Southside Bancshares (SBSI) opened at 36.75 on Friday. The stock has a 50 day moving average of $33.59 and a 200-day moving average of $33.72. The stock has a market capitalization of $1.08 billion, a P/E ratio of 19.35 and a beta of 0.81. Southside Bancshares has a 1-year low of $30.47 and a 1-year high of $38.08.
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 Thomson Reuters’ consensus estimate of $0.53 by ($0.04). The company had revenue of $44.72 million for the quarter, compared to analysts’ expectations of $50.40 million. Southside Bancshares had a return on equity of 10.42% and a net margin of 25.30%. Equities research analysts predict that Southside Bancshares will post $2.07 earnings per share for the current fiscal year.
SBSI has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $38.00 price target on shares of Southside Bancshares in a research note on Tuesday, August 29th. Zacks Investment Research raised shares of Southside Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Piper Jaffray Companies initiated coverage on shares of Southside Bancshares in a research note on Friday, September 22nd. They issued a “neutral” rating and a $37.00 price target on the stock. Finally, BidaskClub downgraded shares of Southside Bancshares from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th.
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In other news, insider Tim Carter sold 7,000 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $33.95, for a total transaction of $237,650.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Brian K. Mccabe sold 1,500 shares of the 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 transaction, the chief operating officer now owns 16,658 shares in the company, valued at $549,714. The disclosure for this sale can be found here. Corporate insiders own 17.20% of the company’s stock.
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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