For its first fiscal quarter (ending March 31), Southside Bancshares Inc (NASDAQ: SBSI) has reported E.P.S. of $0.71 compared to $0.83 a year ago. For the latest four quarters through March 31, E.P.S. were $2.69 versus $3.33 for the same period a year ago.
Recent Price Action
Southside Bancshares Inc (NASDAQ: SBSI) stock declined by -2.5% on 4/25/24. The shares closed at $27.67. Moreover, above average trading volume at 123% of normal accompanied the decline. The stock has risen 2.6% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SBSI is expected to continue to be a modest Value Builder.
Southside Bancshares has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Southside Bancshares has a neutral Power Rating of 57 but a good Appreciation Score of 80, and the Positive Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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