Southside Bancshares, Inc. (NASDAQ:SBSI) has earned a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation.

Analysts have set a one year consensus target price of $36.50 for the company and are forecasting that the company will post $0.59 EPS for the current quarter, according to Zacks. Zacks has also assigned Southside Bancshares an industry rank of 91 out of 255 based on the ratings given to related companies.

A number of equities analysts recently weighed in on SBSI shares. BidaskClub cut shares of Southside Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, February 28th. ValuEngine raised shares of Southside Bancshares from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Finally, Zacks Investment Research cut shares of Southside Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th.

Hedge funds have recently modified their holdings of the business. First Dallas Securities Inc. purchased a new position in Southside Bancshares in the 4th quarter valued at approximately $126,000. Advisor Group Inc. boosted its position in Southside Bancshares by 87.7% in the 4th quarter. Advisor Group Inc. now owns 3,985 shares of the bank’s stock valued at $135,000 after buying an additional 1,862 shares during the period. Xact Kapitalforvaltning AB purchased a new position in Southside Bancshares in the 4th quarter valued at approximately $216,000. Pitcairn Co. purchased a new position in Southside Bancshares in the 1st quarter valued at approximately $261,000. Finally, Barclays PLC boosted its position in Southside Bancshares by 108.5% in the 1st quarter. Barclays PLC now owns 9,166 shares of the bank’s stock valued at $319,000 after buying an additional 4,770 shares during the period. 46.31% of the stock is owned by institutional investors.

Shares of Southside Bancshares traded down $0.26, reaching $34.22, during mid-day trading on Monday, MarketBeat.com reports. 1,963 shares of the company were exchanged, compared to its average volume of 157,254. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $1.22 billion, a P/E ratio of 18.24 and a beta of 0.73. Southside Bancshares has a 1 year low of $31.20 and a 1 year high of $37.57.

Southside Bancshares (NASDAQ:SBSI) last posted its quarterly earnings data on Tuesday, May 1st. The bank reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.11). The company had revenue of $56.77 million for the quarter, compared to analysts’ expectations of $56.44 million. Southside Bancshares had a return on equity of 8.91% and a net margin of 23.43%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 EPS. research analysts forecast that Southside Bancshares will post 2.35 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 7th. Shareholders of record on Thursday, May 24th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend was Wednesday, May 23rd. This is a boost from Southside Bancshares’s previous quarterly dividend of $0.28. Southside Bancshares’s dividend payout ratio (DPR) is currently 63.49%.

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 deposit.

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