Southside Bancshares, Inc. (NYSE:SBSI) Shares to Pay Quarterly Dividend of $0.37

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

Southside Bancshares Trading Down 3.1%

SBSI opened at $34.39 on Friday. The stock has a market capitalization of $1.02 billion, a PE ratio of 10.39 and a beta of 0.57. Southside Bancshares has a one year low of $28.04 and a one year high of $36.35. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.78 and a current ratio of 0.78. The business’s 50 day moving average price is $31.63 and its 200 day moving average price is $32.45.

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

Southside Bancshares Company Profile

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.