Southside Bancshares, Inc. (NASDAQ:SBSI) will begin trading ex-dividend on November 24, 2020. The quarterly dividend payment of $ 0.32 per share is scheduled to be paid on December 10, 2020. The dividend yield based on the latest trading day closing price was 4.13 percent. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date of November 24, 2020.
Dividends History
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Southside Bancshares, Inc. recently reported third quarter financial results on October 23, 2020, before market open, financial products and services provider outlined income for the third quarter of $ 0.82 per share, from the revenue of $ 57.73 million. The quarterly earnings improved 41.38 percent while revenues up 4.51 percent compared with the same quarter last year.
According to street consensus, SBSI was expected to report 3Q20 income of $ 0.56 per share from revenue of $ 60.84 million. The bottom line results beat street analysts by $ 0.26 or 46.43 percent, at the same time, top line results fell short of analysts by $ 3.11 million or 5.11 percent.
Stock Performance
Shares of Southside Bancshares, Inc. traded up $ 0.16 or 0.52 percent on Thursday, reaching $ 30.96 with volume of 95.70 thousand shares. Southside Bancshares, Inc. has traded high as $ 30.99 and has cracked $ 30.00 on the downward trend
According to the previous trading day, closing price of $ 30.96, representing a 31.01 % increase from the 52 week low of $ 23.51 and a 18.71 % decrease over the 52 week high of $ 37.89.
The company has a market capital of $ 1.02 billion and is part of the Financial Services sector and Banks – Regional – US industry.
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.
