Southside Bancshares (NASDAQ:SBSI – Get Free Report) released its quarterly earnings results on Thursday. The bank reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.17, Briefing.com reports. The company had revenue of $115.74 million during the quarter, compared to the consensus estimate of $64.91 million. Southside Bancshares had a return on equity of 10.64% and a net margin of 18.90%. During the same quarter in the prior year, the company posted $0.82 EPS.
Southside Bancshares Stock Performance
NASDAQ:SBSI traded down $0.39 during mid-day trading on Friday, hitting $34.02. 127,478 shares of the company’s stock traded hands, compared to its average volume of 122,152. The firm has a 50 day moving average of $27.66 and a two-hundred day moving average of $28.46. Southside Bancshares has a 12 month low of $25.30 and a 12 month high of $34.70. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 12.65 and a beta of 0.55. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 1.14.
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 paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $1.44 annualized dividend and a yield of 4.23%. Southside Bancshares’s payout ratio is 53.53%.
Analyst Ratings Changes
Read Our Latest Stock Analysis on Southside Bancshares
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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