Southside Bancshares, Inc. (SBSI) To Go Ex-Dividend on August 20th

Southside Bancshares, Inc. (NYSE:SBSI) declared a quarterly dividend on Thursday, August 6th. Shareholders of record on Thursday, August 20th will be given a dividend of 0.37 per share on Thursday, September 3rd. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Thursday, August 20th. This is a 2.8% increase from Southside Bancshares’s previous quarterly dividend of $0.36.

Southside Bancshares has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 30 years.

Southside Bancshares Price Performance

Shares of SBSI stock opened at $32.70 on Tuesday. Southside Bancshares has a 12 month low of $26.32 and a 12 month high of $36.20. The company has a market capitalization of $974.79 million, a P/E ratio of 12.87 and a beta of 0.60. The stock has a 50 day moving average of $33.83 and a two-hundred day moving average of $32.78. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.71.

Southside Bancshares (NYSE:SBSI) last released its quarterly earnings data on Friday, July 24th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.04. Southside Bancshares had a return on equity of 11.16% and a net margin of 16.70%.The business had revenue of $71.34 million for the quarter, compared to analysts’ expectations of $75.00 million. As a group, equities analysts expect that Southside Bancshares will post 3.24 EPS for the current year.

About Southside Bancshares

Southside Bancshares Inc is a bank holding company headquartered in Tyler, Texas. Through its subsidiary, Southside Bank, it provides a broad array of commercial and consumer banking services to individuals and businesses. The company’s offerings include deposit products, loan facilities and treasury management solutions tailored to the needs of its clientele. Established in 1974, Southside Bancshares has grown its footprint across East and North Texas while maintaining a community banking focus.

In the commercial banking segment, the company extends financing for real estate development, construction projects, equipment purchases and working capital needs.