Insider Selling: Brian K. Mccabe Sells 100 Shares of Southside Bancshares Stock (SBSI)
Southside Bancshares (NASDAQ:SBSI) EVP Brian K. Mccabe sold 100 shares of the stock on the open market in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $29.70, for a total value of $2,970.00. Following the transaction, the executive vice president now directly owns 14,620 shares of the company’s stock, valued at approximately $434,214. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Southside Bancshares (NASDAQ:SBSI) traded down 0.98% on Friday, hitting $29.20. The stock had a trading volume of 4,960 shares. Southside Bancshares has a 52 week low of $24.57 and a 52 week high of $32.95. The stock’s 50-day moving average is $28.96 and its 200-day moving average is $28.57. The company has a market cap of $549.9 million and a P/E ratio of 13.98.
Southside Bancshares (NASDAQ:SBSI) last issued its quarterly earnings data on Monday, July 28th. The company reported $0.55 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.53 by $0.02. On average, analysts predict that Southside Bancshares will post $2.16 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 4th. Stockholders of record on Thursday, August 21st will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.98%.
Southside Bancshares, Inc (NASDAQ:SBSI) bank holding company for Southside Bank.
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