Wall Street Zen Upgrades Southside Bancshares (NYSE:SBSI) to Hold

Southside Bancshares (NYSE:SBSI) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Sunday.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Southside Bancshares in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Southside Bancshares Stock Up 0.5%

SBSI stock opened at $33.66 on Friday. The company has a market cap of $1.01 billion, a P/E ratio of 14.70 and a beta of 0.64. The stock’s 50 day simple moving average is $31.74 and its 200 day simple moving average is $30.12. 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 has a fifty-two week low of $25.85 and a fifty-two week high of $34.37.

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

Southside Bancshares Company Profile

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.