Southside Bancshares, Inc. (NYSE:SBSI) Shareholders to Collect $0.37 Quarterly Dividend

Southside Bancshares, Inc. (NYSE:SBSI) declared a quarterly dividend on Thursday, November 5th. Shareholders of record on Wednesday, November 25th will be paid a dividend of $0.37 per share on Wednesday, December 9th. This represents a $1.48 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, November 25th.

Southside Bancshares Price Performance

Shares of NYSE SBSI opened at $34.72 on Friday. Southside Bancshares has a 1-year low of $28.04 and a 1-year high of $36.35. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 10.49 and a beta of 0.57. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.78 and a quick ratio of 0.78. The stock’s 50-day moving average is $31.63 and its two-hundred day moving average is $32.45.

Southside Bancshares (NYSE:SBSI) last issued its earnings results on Thursday, October 29th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.14. Southside Bancshares had a net margin of 21.48% and a return on equity of 11.58%. The firm had revenue of $76.14 million for the quarter, compared to analysts’ expectations of $72.67 million. Analysts forecast that Southside Bancshares will post 3.45 EPS for the current fiscal year.

About Southside Bancshares

Southside Bancshares, Inc is a Texas-based financial holding company and the parent company of Southside Bank. Founded in 1960 and headquartered in Tyler, Texas, the company provides banking and financial services to individuals, businesses, and institutions.

Southside Bank offers a range of deposit products, including checking, savings, money market, and certificate of deposit accounts. Its lending activities include residential and commercial real estate loans, construction financing, commercial and industrial loans, consumer loans, and other forms of business credit.

The bank also provides treasury management, online and mobile banking, wealth management, trust and fiduciary services, and other financial solutions.