Southside Bancshares Upgraded to “Outperform” at Zacks (SBSI)
Southside Bancshares (NASDAQ:SBSI) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday, Analyst RN reports. The firm currently has a $31.90 target price on the stock. Zacks‘ target price would suggest a potential upside of 10.00% from the company’s current price.
Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Southside Bancshares from $24.00 to $28.00 in a research note on Wednesday, February 12th.
Shares of Southside Bancshares (NASDAQ:SBSI) traded down 0.64% during mid-day trading on Wednesday, hitting $28.815. The stock had a trading volume of 23,637 shares. Southside Bancshares has a 52-week low of $19.86 and a 52-week high of $29.78. The stock’s 50-day moving average is $26.93 and its 200-day moving average is $26.7. The company has a market cap of $515.8 million and a price-to-earnings ratio of 12.39.
Southside Bancshares (NASDAQ:SBSI) last released its earnings data on Monday, February 10th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.42 by $0.30. Analysts expect that Southside Bancshares will post $2.20 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, March 13th. Shareholders of record on Thursday, February 27th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Tuesday, February 25th.
Southside Bancshares, Inc (NASDAQ:SBSI) bank holding company for Southside Bank.
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