Southside Bancshares, Inc. (NYSE:SBSI) to Issue Quarterly Dividend of $0.37

Southside Bancshares, Inc. (NYSE:SBSI) announced a quarterly dividend on Thursday, August 6th. Investors of record on Thursday, August 20th will be given a dividend of 0.37 per share on Thursday, September 3rd. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Thursday, August 20th. This is a 2.8% increase from Southside Bancshares’s previous quarterly dividend of $0.36.

Southside Bancshares has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 30 years.

Southside Bancshares Stock Performance

Shares of SBSI opened at $32.54 on Friday. Southside Bancshares has a 12-month low of $26.32 and a 12-month high of $36.20. The stock has a market cap of $969.90 million, a P/E ratio of 12.81 and a beta of 0.60. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.71. The company has a 50-day moving average of $33.84 and a two-hundred day moving average of $32.78.

Southside Bancshares (NYSE:SBSI) last issued its quarterly earnings data on Friday, July 24th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.04. Southside Bancshares had a return on equity of 11.16% and a net margin of 16.70%.The firm had revenue of $71.34 million during the quarter, compared to the consensus estimate of $75.00 million. As a group, research analysts predict that Southside Bancshares will post 3.24 EPS for the current fiscal year.

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.