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Southside Bancshares, Inc is currently in a long term uptrend where the price is trading 2.4% above its 200 day moving average.
From a valuation standpoint, the stock is 40.4% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 5.4.
Southside Bancshares, Inc's total revenue rose by 11.1% to $59M since the same quarter in the previous year.
Its net income has increased by 70.6% to $30M since the same quarter in the previous year.
Finally, its free cash flow grew by 89.6% to $39M since the same quarter in the previous year.
Based on the above factors, Southside Bancshares, Inc gets an overall score of 5/5.
ISIN | US84470P1093 |
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Exchange | NASDAQ |
CurrencyCode | USD |
Sector | Financial Services |
Industry | Banks - Regional |
Market Cap | 872M |
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Target Price | 33.8333 |
PE Ratio | 9.85 |
Beta | 0.56 |
Dividend Yield | 5.0% |
Southside Bancshares, Inc. operates as the bank holding company for Southside Bank that provides various 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. The company offers consumer loan services, including 1-4 family residential, home equity, home improvement, automobile, and other consumer related loans; commercial loans, such as short-term working capital loans for inventory and accounts receivable, short and medium-term loans for equipment or other business capital expansion, commercial real estate loans, and municipal loans; and construction loans for 1-4 family residential and commercial real estate. It also provides wealth management and trust services comprising investment management, administration of irrevocable, revocable, and testamentary trusts, estate administration, and custodian services for individuals, partnerships, and corporations; safe deposit services; and brokerage services. In addition, the company offers retirement and employee benefit accounts consisting of plans and profit sharing plans; and telephone, internet, and mobile banking services. The company offers various banking services through branches, drive-thru facilities, automated teller machines, and interactive teller machines. Southside Bancshares, Inc. was founded in 1960 and is headquartered in Tyler, Texas.
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