Southside Bancshares (SBSI) to Release Earnings on Thursday

Southside Bancshares (NASDAQ:SBSI) is scheduled to be announcing its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.75 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Southside Bancshares (NASDAQ:SBSI) last released its quarterly earnings data on Friday, January 26th. The bank reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.10). Southside Bancshares had a net margin of 21.92% and a return on equity of 11.59%. The company had revenue of $68.50 million for the quarter, compared to the consensus estimate of $64.82 million. During the same quarter in the previous year, the business earned $0.88 EPS. The company’s quarterly revenue was down 3.9% on a year-over-year basis. On average, analysts expect Southside Bancshares to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Southside Bancshares Stock Performance

SBSI opened at $28.15 on Tuesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a market capitalization of $852.38 million, a price-to-earnings ratio of 10.02 and a beta of 0.54. The company has a fifty day moving average of $28.42 and a 200 day moving average of $29.27. Southside Bancshares has a fifty-two week low of $25.38 and a fifty-two week high of $34.40.

Southside Bancshares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were given a dividend of $0.36 per share. The ex-dividend date was Wednesday, February 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.12%. Southside Bancshares’s payout ratio is 51.25%.

Insider Buying and Selling

In other Southside Bancshares news, CEO Lee R. Gibson sold 14,897 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $30.27, for a total transaction of $450,932.19. Following the completion of the transaction, the chief executive officer now owns 56,491 shares in the company, valued at approximately $1,709,982.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Southside Bancshares news, Director Herbert C. Buie bought 1,990 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was acquired at an average price of $32.52 per share, for a total transaction of $64,714.80. Following the completion of the transaction, the director now directly owns 407,501 shares of the company’s stock, valued at $13,251,932.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Lee R. Gibson sold 14,897 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $30.27, for a total value of $450,932.19. Following the completion of the sale, the chief executive officer now owns 56,491 shares in the company, valued at $1,709,982.57. The disclosure for this sale can be found here. 6.10% of the stock is owned by company insiders.

About Southside Bancshares

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.