Southside Bancshares, Inc. to Issue Quarterly Dividend of $0.36 (NASDAQ:SBSI)

Southside Bancshares, Inc. (NASDAQ:SBSI) announced a quarterly dividend on Thursday, February 5th. Shareholders of record on Thursday, February 19th will be paid a dividend of 0.36 per share by the bank on Thursday, March 5th. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Thursday, February 19th.

Southside Bancshares has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 30 years.

Southside Bancshares Price Performance

Shares of Southside Bancshares stock opened at $33.59 on Friday. Southside Bancshares has a 52 week low of $25.85 and a 52 week high of $34.37. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.18. The stock has a market cap of $1.01 billion, a PE ratio of 11.54 and a beta of 0.64. The company’s 50-day moving average price is $31.66 and its two-hundred day moving average price is $30.11.

Analyst Upgrades and Downgrades

SBSI has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their target price on shares of Southside Bancshares from $31.00 to $35.00 and gave the company a “market perform” rating in a research note on Monday. Hovde Group increased their price objective on Southside Bancshares from $32.00 to $34.00 and gave the company a “market perform” rating in a research report on Monday. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Southside Bancshares presently has an average rating of “Hold” and a consensus price target of $35.00.

Southside Bancshares Company Profile

Southside Bancshares, Inc is a bank holding company headquartered in Tyler, Texas, and operates through its principal subsidiary, Southside Bank. The company provides a full suite of commercial and retail banking services, including deposit accounts, commercial and consumer loans, mortgage lending, and digital banking solutions designed to meet the needs of individuals, small businesses, and mid-market companies.

Southside Bank’s commercial banking division offers lending and treasury management services to support business growth and operational efficiency.