Southside Bancshares, Inc. (NASDAQ:SBSI – Get Free Report) insider Suni M. Davis sold 2,220 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $36.00, for a total transaction of $79,920.00. Following the transaction, the insider now directly owns 9,202 shares in the company, valued at approximately $331,272. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Southside Bancshares Price Performance
SBSI stock opened at $35.39 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.32. Southside Bancshares, Inc. has a 12 month low of $25.30 and a 12 month high of $37.58. The firm has a market cap of $1.07 billion, a P/E ratio of 12.78 and a beta of 0.55. The company’s 50-day moving average price is $33.32 and its two-hundred day moving average price is $30.48.
Southside Bancshares (NASDAQ:SBSI – Get Free Report) last released its earnings results on Thursday, October 24th. The bank reported $0.68 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.05). The firm had revenue of $113.87 million during the quarter, compared to the consensus estimate of $68.25 million. Southside Bancshares had a net margin of 18.94% and a return on equity of 10.64%. During the same period in the prior year, the business earned $0.60 earnings per share. On average, analysts anticipate that Southside Bancshares, Inc. will post 2.98 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Southside Bancshares
Analyst Ratings Changes
SBSI has been the topic of a number of recent research reports. StockNews.com lowered shares of Southside Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday. Hovde Group raised their price target on shares of Southside Bancshares from $31.00 to $37.00 and gave the stock a “market perform” rating in a research report on Monday, July 29th.
Check Out Our Latest Stock Analysis on Southside Bancshares
About Southside Bancshares
Southside Bancshares, Inc operates as the bank holding company for Southside Bank that provides a range of financial services to individuals, businesses, municipal entities, and nonprofit organizations. Its deposit products include savings, money market, and interest and noninterest bearing checking accounts, as well as certificates of deposits.
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