Southside Bancshares, Inc. (NASDAQ:SBSI) Declares $0.36 Quarterly Dividend

Southside Bancshares, Inc. (NASDAQ:SBSI) announced a quarterly dividend on Thursday, February 6th,RTT News reports. Shareholders of record on Thursday, February 20th will be paid a dividend of 0.36 per share by the bank on Thursday, March 6th. This represents a $1.44 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date is Thursday, February 20th.

Southside Bancshares has raised its dividend by an average of 3.9% annually over the last three years and has increased its dividend annually for the last 30 consecutive years.

Southside Bancshares Price Performance

Shares of Southside Bancshares stock opened at $31.67 on Friday. The firm has a market cap of $959.80 million, a PE ratio of 11.03 and a beta of 0.57. The stock has a 50 day moving average of $32.56 and a 200 day moving average of $33.19. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.18. Southside Bancshares has a 12 month low of $25.30 and a 12 month high of $38.00.

Analyst Upgrades and Downgrades

SBSI has been the topic of a number of recent research reports. StockNews.com raised shares of Southside Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Stephens lowered their target price on shares of Southside Bancshares from $38.00 to $37.00 and set an “equal weight” rating for the company in a report on Thursday, January 30th. Finally, Raymond James assumed coverage on shares of Southside Bancshares in a report on Tuesday, January 14th. They set a “market perform” rating on the stock.

Southside Bancshares Company Profile

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.