Southside Bancshares, Inc. (NASDAQ:SBSI) is scheduled to be posting its quarterly earnings results before the market opens on Friday, July 28th. Analysts expect Southside Bancshares to post earnings of $0.52 per share for the quarter.

Southside Bancshares (NASDAQ:SBSI) last announced its earnings results on Friday, April 28th. The bank reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. The business had revenue of $44.95 million for the quarter, compared to analysts’ expectations of $48.40 million. Southside Bancshares had a return on equity of 10.19% and a net margin of 24.40%. On average, analysts expect Southside Bancshares to post $2.14 EPS for the current fiscal year and $2.36 EPS for the next fiscal year.

Southside Bancshares, Inc. (NASDAQ:SBSI) opened at 35.01 on Friday. The stock has a market capitalization of $1.03 billion, a PE ratio of 19.14 and a beta of 0.78. Southside Bancshares, Inc. has a 12 month low of $29.29 and a 12 month high of $38.04. The firm has a 50-day moving average price of $34.56 and a 200 day moving average price of $34.02.

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A number of research analysts have recently weighed in on SBSI shares. Zacks Investment Research lowered Southside Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, April 5th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $38.00 price objective on shares of Southside Bancshares in a report on Friday, April 28th. Finally, BidaskClub raised Southside Bancshares from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th.

In related news, Director Alton Cade, Jr. sold 2,950 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $35.31, for a total transaction of $104,164.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Tim Carter sold 5,000 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $34.76, for a total value of $173,800.00. Following the sale, the insider now directly owns 39,752 shares in the company, valued at $1,381,779.52. The disclosure for this sale can be found here. 17.20% of the stock is owned by company insiders.

About Southside Bancshares

Southside Bancshares, Inc (Southside) is a bank holding company for Southside Bank (the Bank). The Company is a community-focused financial institution that offers a range of financial services to individuals, businesses, municipal entities, and nonprofit organizations in the communities. These services include consumer and commercial loans, deposit accounts, trust services, safe deposit services and brokerage services.

Earnings History for Southside Bancshares (NASDAQ:SBSI)

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