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

Southside Bancshares, Inc. (NASDAQ:SBSI) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Stockholders of record on Thursday, February 20th will be paid a dividend of 0.36 per share by the bank on Thursday, March 6th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.45%.

Southside Bancshares has increased its dividend payment by an average of 3.9% per year over the last three years and has raised its dividend annually for the last 30 consecutive years.

Southside Bancshares Stock Performance

NASDAQ SBSI opened at $32.34 on Friday. The company has a market capitalization of $980.23 million, a price-to-earnings ratio of 10.73 and a beta of 0.57. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.18. Southside Bancshares has a twelve month low of $25.30 and a twelve month high of $38.00. The stock has a fifty day simple moving average of $32.56 and a 200 day simple moving average of $33.19.

Analysts Set New Price Targets

SBSI has been the subject of a number of analyst reports. Raymond James initiated coverage on Southside Bancshares in a research report on Tuesday, January 14th. They set a “market perform” rating for the company. Stephens lowered their price target on shares of Southside Bancshares from $38.00 to $37.00 and set an “equal weight” rating for the company in a report on Thursday, January 30th. Finally, StockNews.com raised shares of Southside Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, January 31st.

Southside Bancshares Company Profile

Southside Bancshares, Inc operates as the bank holding company for Southside Bank that provides a range of financial services to individuals, businesses, municipal entities, and nonprofit organizations. Its deposit products include savings, money market, and interest and noninterest bearing checking accounts, as well as certificates of deposits.