Southside Bancshares, Inc. (NASDAQ:SBSI) has been given an average broker rating score of 3.00 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation.
Analysts have set a 1-year consensus price target of $37.50 for the company and are expecting that the company will post $0.59 EPS for the current quarter, according to Zacks. Zacks has also assigned Southside Bancshares an industry rank of 107 out of 265 based on the ratings given to related companies.
A number of equities analysts recently commented on SBSI shares. ValuEngine upgraded Southside Bancshares from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. Zacks Investment Research downgraded Southside Bancshares from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 8th. Finally, BidaskClub downgraded Southside Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, December 30th.
In other Southside Bancshares news, CFO Julie Shamburger bought 3,250 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was bought at an average price of $34.88 per share, with a total value of $113,360.00. Following the completion of the purchase, the chief financial officer now directly owns 14,164 shares in the company, valued at $494,040.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Peter M. Boyd sold 750 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $35.19, for a total value of $26,392.50. Following the sale, the executive vice president now directly owns 3,563 shares of the company’s stock, valued at approximately $125,381.97. The disclosure for this sale can be found here. In the last three months, insiders have acquired 3,462 shares of company stock valued at $120,753. 17.20% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the business. First Dallas Securities Inc. acquired a new stake in Southside Bancshares during the fourth quarter worth $126,000. Advisor Group Inc. increased its stake in Southside Bancshares by 87.7% during the fourth quarter. Advisor Group Inc. now owns 3,985 shares of the bank’s stock worth $135,000 after acquiring an additional 1,862 shares during the last quarter. Catalyst Capital Advisors LLC increased its stake in Southside Bancshares by 111.4% during the third quarter. Catalyst Capital Advisors LLC now owns 3,799 shares of the bank’s stock worth $138,000 after acquiring an additional 2,002 shares during the last quarter. Bbva Compass Bancshares Inc. acquired a new stake in Southside Bancshares during the third quarter worth $204,000. Finally, Xact Kapitalforvaltning AB acquired a new stake in shares of Southside Bancshares in the fourth quarter valued at $216,000. 42.82% of the stock is owned by institutional investors.
Southside Bancshares (NASDAQ:SBSI) opened at $34.59 on Friday. The firm has a market capitalization of $1,197.70, a P/E ratio of 19.03 and a beta of 0.77. Southside Bancshares has a 1 year low of $30.44 and a 1 year high of $37.57. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.77 and a quick ratio of 0.77.
Southside Bancshares (NASDAQ:SBSI) last announced its quarterly earnings data on Tuesday, February 6th. The bank reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.09). Southside Bancshares had a return on equity of 9.50% and a net margin of 24.14%. The company had revenue of $47.41 million for the quarter, compared to analysts’ expectations of $53.50 million. sell-side analysts expect that Southside Bancshares will post 2.48 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 22nd will be given a dividend of $0.28 per share. The ex-dividend date is Wednesday, February 21st. This represents a $1.12 dividend on an annualized basis and a yield of 3.24%. Southside Bancshares’s payout ratio is 61.63%.
WARNING: This piece was originally posted by Transcript Daily and is owned by of Transcript Daily. If you are accessing this piece on another site, it was stolen and republished in violation of international copyright & trademark laws. The legal version of this piece can be viewed at https://transcriptdaily.com/2018/02/25/zacks-southside-bancshares-inc-sbsi-given-consensus-recommendation-of-hold-by-brokerages.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Southside Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southside Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.