Southside Bancshares (SBSI) Given Media Impact Score of 0.15

Media headlines about Southside Bancshares (NASDAQ:SBSI) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Southside Bancshares earned a news impact score of 0.15 on Accern’s scale. Accern also assigned headlines about the bank an impact score of 45.0712124765864 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:

Southside Bancshares (NASDAQ SBSI) opened at $35.77 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a market capitalization of $1,250.82, a PE ratio of 18.76 and a beta of 0.76. Southside Bancshares has a twelve month low of $31.20 and a twelve month high of $37.97.

Southside Bancshares (NASDAQ:SBSI) last posted its earnings results on Friday, October 27th. The bank reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.05). The business had revenue of $44.37 million for the quarter, compared to the consensus estimate of $51.00 million. Southside Bancshares had a return on equity of 10.32% and a net margin of 25.70%. equities analysts predict that Southside Bancshares will post 1.97 EPS for the current year.

A number of brokerages recently commented on SBSI. BidaskClub raised Southside Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Piper Jaffray Companies began coverage on Southside Bancshares in a report on Friday, September 22nd. They set a “neutral” rating and a $37.00 target price on the stock. Zacks Investment Research upgraded Southside Bancshares from a “strong sell” rating to a “hold” rating and set a $38.00 target price on the stock in a report on Saturday, January 6th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $37.00 target price on shares of Southside Bancshares in a report on Tuesday, October 3rd. Finally, ValuEngine upgraded Southside Bancshares from a “hold” rating to a “buy” rating in a report on Monday, December 4th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Southside Bancshares currently has an average rating of “Hold” and an average target price of $37.33.

In other Southside Bancshares news, Director Tony K. Morgan bought 1,000 shares of Southside Bancshares stock in a transaction on Tuesday, November 13th. The shares were purchased at an average cost of $35.45 per share, for a total transaction of $35,450.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael J. Bosworth sold 4,512 shares of Southside Bancshares stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $33.94, for a total value of $153,137.28. The disclosure for this sale can be found here. 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.

Insider Buying and Selling by Quarter for Southside Bancshares (NASDAQ:SBSI)

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