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Southside Bancshares (NASDAQ:SBSI) Director Lawrence Lazelle Anderson sold 6,000 shares of the stock on the open market in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $33.34, for a total value of $200,040.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Separately, analysts at Drexel Hamilton initiated coverage on shares of Southside Bancshares in a research note on Wednesday, August 27th. They set a “hold” rating on the stock.

Shares of Southside Bancshares (NASDAQ:SBSI) traded down 2.81% during mid-day trading on Wednesday, hitting $32.50. 120,387 shares of the company’s stock traded hands. Southside Bancshares has a 52-week low of $24.68 and a 52-week high of $34.86. The stock has a 50-day moving average of $30.34 and a 200-day moving average of $29.16. The company has a market cap of $612.5 million and a P/E ratio of 15.85.

Southside Bancshares (NASDAQ:SBSI) last released its 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. Analysts expect that Southside Bancshares will post $1.90 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 4th. Shareholders 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 2.61%. The ex-dividend date of this dividend is Tuesday, August 19th. This is a positive change from Southside Bancshares’s previous quarterly dividend of $0.21.

Southside Bancshares, Inc (NASDAQ:SBSI) bank holding company for Southside Bank.

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