Southside Bancshares (NASDAQ:SBSI – Get Free Report) announced its quarterly earnings data on Thursday. The bank reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.17, Briefing.com reports. Southside Bancshares had a net margin of 18.90% and a return on equity of 10.64%. The firm had revenue of $115.74 million for the quarter, compared to analyst estimates of $64.91 million. During the same quarter in the prior year, the business earned $0.82 earnings per share.
Southside Bancshares Stock Down 1.1 %
Shares of SBSI traded down $0.39 on Friday, reaching $34.02. The company’s stock had a trading volume of 127,478 shares, compared to its average volume of 122,152. Southside Bancshares has a twelve month low of $25.30 and a twelve month high of $34.70. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 1.14. The firm has a fifty day moving average of $27.66 and a 200-day moving average of $28.46. The stock has a market capitalization of $1.03 billion, a PE ratio of 12.65 and a beta of 0.55.
Southside Bancshares Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 23rd were issued a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.23%. Southside Bancshares’s dividend payout ratio is presently 53.53%.
Wall Street Analysts Forecast Growth
View Our Latest Report on SBSI
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.
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