Southside Bancshares (NYSE:SBSI) Downgraded to Sell Rating by Wall Street Zen

Southside Bancshares (NYSE:SBSI) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Southside Bancshares in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Southside Bancshares Price Performance

SBSI stock opened at $32.24 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.75 and a debt-to-equity ratio of 0.85. The firm has a market cap of $969.33 million, a price-to-earnings ratio of 14.08 and a beta of 0.64. The company’s fifty day simple moving average is $31.33 and its 200 day simple moving average is $30.04. Southside Bancshares has a 12-month low of $25.85 and a 12-month high of $33.96.

Southside Bancshares (NYSE:SBSI) last issued its quarterly earnings results on Thursday, January 29th. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.10). The business had revenue of $71.99 million for the quarter. Southside Bancshares had a return on equity of 10.72% and a net margin of 15.61%.

Southside Bancshares Company Profile

Southside Bancshares Inc is a bank holding company headquartered in Tyler, Texas. Through its subsidiary, Southside Bank, it provides a broad array of commercial and consumer banking services to individuals and businesses. The company’s offerings include deposit products, loan facilities and treasury management solutions tailored to the needs of its clientele. Established in 1974, Southside Bancshares has grown its footprint across East and North Texas while maintaining a community banking focus.

In the commercial banking segment, the company extends financing for real estate development, construction projects, equipment purchases and working capital needs.