Wall Street analysts forecast that Southside Bancshares, Inc. (NASDAQ:SBSI) will report $0.57 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Southside Bancshares’ earnings. The lowest EPS estimate is $0.55 and the highest is $0.59. Southside Bancshares posted earnings of $0.50 per share in the same quarter last year, which would suggest a positive year over year growth rate of 14%. The business is scheduled to announce its next quarterly earnings results on Friday, February 7th.

According to Zacks, analysts expect that Southside Bancshares will report full-year earnings of $2.26 per share for the current financial year, with EPS estimates ranging from $2.24 to $2.28. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.30 per share, with EPS estimates ranging from $2.25 to $2.35. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Southside Bancshares.

Southside Bancshares (NASDAQ:SBSI) last posted its quarterly earnings results on Friday, October 25th. The bank reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.01). The company had revenue of $55.29 million for the quarter, compared to analysts’ expectations of $56.95 million. Southside Bancshares had a return on equity of 9.79% and a net margin of 26.61%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the business earned $0.58 EPS.

A number of equities analysts have weighed in on SBSI shares. Zacks Investment Research raised shares of Southside Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, October 23rd. ValuEngine raised shares of Southside Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, BidaskClub raised shares of Southside Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, September 12th.

In other Southside Bancshares news, Director John F. Sammons, Jr. acquired 1,500 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was bought at an average price of $33.18 per share, with a total value of $49,770.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Julie Shamburger sold 1,635 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $34.84, for a total transaction of $56,963.40. Following the completion of the sale, the chief financial officer now directly owns 17,237 shares of the company’s stock, valued at approximately $600,537.08. The disclosure for this sale can be found here. Company insiders own 5.80% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in SBSI. Advisory Services Network LLC increased its position in shares of Southside Bancshares by 477.5% in the second quarter. Advisory Services Network LLC now owns 1,155 shares of the bank’s stock worth $37,000 after acquiring an additional 955 shares in the last quarter. Krane Funds Advisors LLC acquired a new stake in shares of Southside Bancshares in the second quarter worth $58,000. US Bancorp DE increased its position in shares of Southside Bancshares by 9.6% in the second quarter. US Bancorp DE now owns 4,288 shares of the bank’s stock worth $139,000 after acquiring an additional 375 shares in the last quarter. Bank of Montreal Can increased its position in shares of Southside Bancshares by 166.3% in the second quarter. Bank of Montreal Can now owns 4,397 shares of the bank’s stock worth $143,000 after acquiring an additional 2,746 shares in the last quarter. Finally, Jefferies Group LLC acquired a new stake in shares of Southside Bancshares in the second quarter worth $221,000. 52.82% of the stock is owned by institutional investors.

NASDAQ:SBSI opened at $35.14 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.21. The company has a market cap of $1.19 billion, a P/E ratio of 16.65 and a beta of 0.70. Southside Bancshares has a fifty-two week low of $29.71 and a fifty-two week high of $35.97. The firm’s 50 day moving average is $34.47 and its two-hundred day moving average is $33.67.

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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Earnings History and Estimates for Southside Bancshares (NASDAQ:SBSI)

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