Southside Bancshares (SBSI) Set to Announce Earnings on Friday

Southside Bancshares (NASDAQ:SBSI) is scheduled to be announcing its earnings results before the market opens on Friday, October 25th. Analysts expect the company to announce earnings of $0.58 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Southside Bancshares (NASDAQ:SBSI) last released its earnings results on Friday, July 26th. The bank reported $0.55 EPS for the quarter, hitting analysts’ consensus estimates of $0.55. Southside Bancshares had a return on equity of 10.04% and a net margin of 27.23%. The firm had revenue of $55.41 million for the quarter, compared to analysts’ expectations of $55.28 million. During the same period in the prior year, the firm posted $0.57 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. On average, analysts expect Southside Bancshares to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NASDAQ SBSI opened at $35.18 on Wednesday. Southside Bancshares has a 12 month low of $29.28 and a 12 month high of $35.97. The stock has a market cap of $1.17 billion, a P/E ratio of 16.67 and a beta of 0.70. The stock’s fifty day moving average price is $34.06 and its 200-day moving average price is $33.60. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.20.

In related news, Director John F. Sammons, Jr. bought 1,500 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were purchased at an average cost of $33.18 per share, with a total value of $49,770.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.80% of the company’s stock.

SBSI has been the topic of a number of recent research reports. Zacks Investment Research cut Southside Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, October 8th. ValuEngine cut Southside Bancshares from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Finally, BidaskClub raised Southside Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, September 12th.

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 deposit.

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Earnings History for Southside Bancshares (NASDAQ:SBSI)

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