Insider Selling: Julie Shamburger Sells 1,000 Shares of Southside Bancshares Stock (SBSI)
Southside Bancshares (NASDAQ:SBSI) CAO Julie Shamburger unloaded 1,000 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $34.41, for a total transaction of $34,410.00. Following the transaction, the chief accounting officer now directly owns 10,593 shares of the company’s stock, valued at approximately $364,505. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Southside Bancshares (NASDAQ:SBSI) traded down 0.09% on Thursday, hitting $34.11. 29,151 shares of the company’s stock traded hands. Southside Bancshares has a one year low of $24.62 and a one year high of $34.73. The stock has a 50-day moving average of $29.86 and a 200-day moving average of $29.02. The company has a market cap of $642.8 million and a price-to-earnings ratio of 16.18.
Southside Bancshares (NASDAQ:SBSI) last announced its earnings results 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 $1.90 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 4th. Investors of record on Thursday, August 21st will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Tuesday, August 19th. This is an increase from Southside Bancshares’s previous quarterly dividend of $0.21.
Separately, analysts at Drexel Hamilton initiated coverage on shares of Southside Bancshares in a research note on Wednesday. They set a “hold” rating on the stock.
Southside Bancshares, Inc (NASDAQ:SBSI) bank holding company for Southside Bank.
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