Southside Bancshares Inc (NASDAQ: SBSI) has reported earnings for its third fiscal quarter (ending September 30) of $0.68 versus $0.60 for the same period a year ago — an increase of 13%. For the latest four quarters through September 30, E.P.S. were $2.77 versus $3.12 for the same period a year ago — a decline of -11%.
Recent Price Action
Southside Bancshares Inc (NASDAQ: SBSI) stock declined by -2.4% on 10/24/24. The shares closed at $32.75. Moreover, unusually high trading volume at 189% of normal accompanied the decline. The stock has declined -6.1% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
SBSI is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Southside Bancshares has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Southside Bancshares has a good Power Rating of 75 and a good Appreciation Score of 77, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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