News headlines about Southside Bancshares (NASDAQ:SBSI) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Southside Bancshares earned a news impact score of 0.12 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 46.5544151941791 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news articles that may have impacted Accern’s scoring:

Shares of Southside Bancshares (NASDAQ:SBSI) traded up $0.26 during trading hours on Friday, reaching $34.13. The company’s stock had a trading volume of 210,935 shares, compared to its average volume of 127,053. Southside Bancshares has a one year low of $31.20 and a one year high of $37.57. The firm has a market capitalization of $1,185.45, a P/E ratio of 18.78 and a beta of 0.77. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.77 and a quick ratio of 0.62.

Southside Bancshares (NASDAQ:SBSI) last announced its quarterly earnings results on Tuesday, February 6th. The bank reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.09). Southside Bancshares had a net margin of 24.14% and a return on equity of 9.50%. The company had revenue of $47.41 million during the quarter, compared to analyst estimates of $53.50 million. equities research analysts anticipate that Southside Bancshares will post 2.28 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 22nd will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Wednesday, February 21st. Southside Bancshares’s payout ratio is presently 61.63%.

SBSI has been the subject of several research analyst reports. ValuEngine upgraded Southside Bancshares from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. Zacks Investment Research downgraded Southside Bancshares from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 8th. Finally, BidaskClub downgraded Southside Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, December 30th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Southside Bancshares presently has an average rating of “Hold” and an average price target of $37.33.

In other news, EVP Peter M. Boyd sold 750 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $35.19, for a total transaction of $26,392.50. Following the completion of the transaction, the executive vice president now directly owns 3,563 shares of the company’s stock, valued at approximately $125,381.97. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Tony K. Morgan bought 1,000 shares of Southside Bancshares stock in a transaction dated Monday, November 13th. The shares were acquired at an average cost of $35.45 per share, with a total value of $35,450.00. The disclosure for this purchase can be found here. Insiders own 17.20% of the company’s stock.

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Southside Bancshares Company Profile

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.

Insider Buying and Selling by Quarter for Southside Bancshares (NASDAQ:SBSI)

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