Southside Bancshares (SBSI) Receiving Somewhat Positive News Coverage, Analysis Finds
News articles about Southside Bancshares (NASDAQ:SBSI) have been trending somewhat positive recently, Accern reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of 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 0.07 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 46.090781745218 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Southside Bancshares, Inc. (SBSI) Given $37.25 Consensus Target Price by Analysts (americanbankingnews.com)
- Insider Selling: Southside Bancshares, Inc. (SBSI) Director Sells 4,512 Shares of Stock (americanbankingnews.com)
- Southside Bancshares, Inc. (SBSI) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Southside Bancshares, Inc. : SBSI-US: Dividend Analysis : November 16th, 2017 (record date) : By the numbers : November 16, 2017 (finance.yahoo.com)
SBSI has been the subject of a number of research reports. BidaskClub cut shares of Southside Bancshares from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Zacks Investment Research raised shares of Southside Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. 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. Finally, 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 for the company.
Shares of Southside Bancshares (SBSI) opened at $34.66 on Thursday. Southside Bancshares has a 12 month low of $31.20 and a 12 month high of $38.99. The stock has a market cap of $1,020.00, a price-to-earnings ratio of 18.16 and a beta of 0.75. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.56.
Southside Bancshares (NASDAQ:SBSI) last announced its quarterly earnings data on Friday, October 27th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.05). Southside Bancshares had a net margin of 25.70% and a return on equity of 10.32%. The business had revenue of $44.37 million during the quarter, compared to analysts’ expectations of $51.00 million. analysts forecast that Southside Bancshares will post 1.97 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th will be paid a $0.28 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.23%. Southside Bancshares’s dividend payout ratio (DPR) is 58.64%.
In other news, COO Brian K. Mccabe sold 1,500 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were 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 approximately $549,714. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael J. Bosworth sold 4,512 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $33.94, for a total transaction of $153,137.28. The disclosure for this sale can be found here. 17.20% of the stock is currently owned by corporate insiders.
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About Southside Bancshares
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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