Southside Bancshares (NYSE:SBSI) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Southside Bancshares (NYSE:SBSIFree Report) from a sell rating to a hold rating in a research report released on Sunday morning.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Southside Bancshares in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Check Out Our Latest Report on SBSI

Southside Bancshares Price Performance

Shares of NYSE:SBSI opened at $33.66 on Friday. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 14.70 and a beta of 0.64. The firm has a fifty day moving average price of $31.74 and a 200 day moving average price of $30.12. Southside Bancshares has a fifty-two week low of $25.85 and a fifty-two week high of $34.37. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.75 and a current ratio of 0.75.

Southside Bancshares (NYSE:SBSIGet Free Report) last announced its quarterly earnings results on Thursday, January 29th. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.10). Southside Bancshares had a return on equity of 10.72% and a net margin of 15.61%.The company had revenue of $71.99 million during the quarter.

Southside Bancshares Company Profile

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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.

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