Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Southside Bancshares (SBSI) Stock Price
Media headlines about Southside Bancshares (NASDAQ:SBSI) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Southside Bancshares earned a news impact score of 0.09 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 46.7631707209298 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Southside Bancshares, Inc. breached its 50 day moving average in a Bearish Manner : SBSI-US : August 4, 2017 (finance.yahoo.com)
- Southside Bancshares, Inc. (NASDAQ:SBSI) to Issue Dividend Increase – $0.28 Per Share (americanbankingnews.com)
- Southside Bancshares (SBSI) Presents At KBW Community Bank Investor Conference – Slideshow (seekingalpha.com)
- Southside Bancshares, Inc. :SBSI-US: Earnings Analysis: Q2, 2017 By the Numbers : August 1, 2017 (finance.yahoo.com)
- Edited Transcript of SBSI earnings conference call or presentation 28-Jul-17 2:00pm GMT (finance.yahoo.com)
SBSI has been the subject of a number of analyst reports. Keefe, Bruyette & Woods restated a “hold” rating and issued a $38.00 price objective on shares of Southside Bancshares in a research note on Friday, April 28th. Zacks Investment Research upgraded shares of Southside Bancshares from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective for the company in a research note on Tuesday, May 9th. Finally, BidaskClub cut shares of Southside Bancshares from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th.
Southside Bancshares (NASDAQ SBSI) traded down 0.219% during trading on Monday, reaching $34.195. 12,772 shares of the company traded hands. The company has a market cap of $1.00 billion, a PE ratio of 18.007 and a beta of 0.78. The company’s 50-day moving average is $34.90 and its 200 day moving average is $33.93. Southside Bancshares has a 12 month low of $29.93 and a 12 month high of $38.04.
Southside Bancshares (NASDAQ:SBSI) last announced its quarterly earnings results on Friday, July 28th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by $0.04. Southside Bancshares had a net margin of 25.30% and a return on equity of 10.42%. The business had revenue of $44.72 million for the quarter, compared to analyst estimates of $50.40 million. On average, analysts anticipate that Southside Bancshares will post $2.07 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 17th will be issued a dividend of $0.28 per share. This is an increase from Southside Bancshares’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.12 annualized dividend and a yield of 3.27%. Southside Bancshares’s dividend payout ratio (DPR) is currently 57.52%.
In other news, Director Alton Cade, Jr. sold 2,950 shares of Southside Bancshares stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $35.31, for a total transaction of $104,164.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tim Carter sold 5,000 shares of Southside Bancshares stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $34.76, for a total value of $173,800.00. Following the sale, the insider now directly owns 39,752 shares of the company’s stock, valued at approximately $1,381,779.52. The disclosure for this sale can be found here. Company insiders own 17.20% of the company’s stock.
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About Southside Bancshares
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.
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