Southside Bancshares, Inc. (NASDAQ:SBSI) financial products and services provider, is reporting third quarter earnings results on Friday 23rd October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.56 per share.
For the full year, analysts predict revenues of $ 243.61 million, while looking forward to income of $ 1.91 per share.
Previous Quarter Performance
Southside Bancshares, Inc. disclosed income for the second quarter of $ 0.65 per share, from the revenue of $ 59.46 million. The quarterly earnings grew 18.18 percent while revenues boosted 7.43 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.37 per share from $ 57.66 million in revenue. The bottom line results beat street analysts by $ 0.28 or 75.68 percent, at the same time, top line results outshined analysts by $ 1.80 million or 3.12 percent.
Stock Performance
Shares of Southside Bancshares, Inc. traded up $ 0.76 or 2.93 percent on Thursday, reaching $ 26.72 with volume of 87.00 thousand shares. Southside Bancshares, Inc. has traded high as $ 26.76 and has cracked $ 25.89 on the downward trend
The closing price of $ 26.72, representing a 10.42 % increase from the 52 week low of $ 23.51 and a 31.49 % decrease over the 52 week high of $ 37.89.
The company has a market capital of $ 882.65 million and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 30th September 2020, maintained by Piper Sandler at Neutral rating, with $ 27.00 target price.
Conference Call
Southside Bancshares, Inc. will be hosting a conference call at 10:00 AM eastern time on 23rd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.southside.com
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 deposit.
