Southside Bancshares Inc (NASDAQ: SBSI) has reported E.P.S. of $0.81 for its second fiscal quarter (ending June 30) versus $0.81 for the same period a year ago — flat performance. Relative to the consensus estimate of $0.64, this was a premium of $0.17. For the latest four quarters through June 30, E.P.S. were $2.69 compared to $3.35 a year ago — a decline of -20%.
Recent Price Action
On 7/25/24, Southside Bancshares Inc (NASDAQ: SBSI) stock enjoyed a very large increase of 8.8%, closing at $34.41. Moreover, trading volume in this advance was unusually high at 195% of normal. The stock has been weak relative to the market over the last nine months but has risen 9.4% during the last week.
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 C (High Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Southside Bancshares has a good Appreciation Score of 77 but a slightly negative Power Rating of 37, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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