Southside Bancshares (NASDAQ:SBSI – Get Free Report) announced its quarterly earnings results on Thursday. The bank reported $0.71 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.04), Briefing.com reports. Southside Bancshares had a return on equity of 11.59% and a net margin of 21.92%. The business had revenue of $112.48 million for the quarter, compared to analyst estimates of $67.10 million. During the same quarter last year, the company earned $0.84 EPS.
Southside Bancshares Stock Down 1.4 %
SBSI traded down $0.40 during trading on Friday, reaching $27.27. The company had a trading volume of 139,992 shares, compared to its average volume of 130,305. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.75 and a quick ratio of 0.75. Southside Bancshares has a 12 month low of $25.38 and a 12 month high of $34.40. The company has a market cap of $825.74 million, a P/E ratio of 9.70 and a beta of 0.54. The business’s fifty day moving average price is $28.32 and its 200 day moving average price is $29.25.
Southside Bancshares Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 5.28%. The ex-dividend date was Wednesday, February 14th. Southside Bancshares’s dividend payout ratio (DPR) is presently 51.25%.
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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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