Southside Bancshares (NYSE:SBSI) Raised to Hold at Wall Street Zen

Southside Bancshares (NYSE:SBSI) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Southside Bancshares in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Southside Bancshares Trading Up 0.5%

NYSE SBSI opened at $33.72 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $1.01 billion, a P/E ratio of 14.72 and a beta of 0.64. Southside Bancshares has a 52-week low of $25.85 and a 52-week high of $34.37. The firm has a 50-day moving average price of $31.82 and a 200 day moving average price of $30.14.

Southside Bancshares (NYSE:SBSI) last released its earnings results on Thursday, January 29th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.10). The business had revenue of $71.99 million for the quarter. Southside Bancshares had a return on equity of 10.72% and a net margin of 15.61%.

About Southside Bancshares

Southside Bancshares Inc is a bank holding company headquartered in Tyler, Texas. Through its subsidiary, Southside Bank, it provides a broad array of commercial and consumer banking services to individuals and businesses. The company’s offerings include deposit products, loan facilities and treasury management solutions tailored to the needs of its clientele. Established in 1974, Southside Bancshares has grown its footprint across East and North Texas while maintaining a community banking focus.

In the commercial banking segment, the company extends financing for real estate development, construction projects, equipment purchases and working capital needs.