U.S. Markets open in 9 hrs 27 mins

Increased Earnings Estimates Seen for Southside Bancshares (SBSI): Can It Move Higher?

Zacks Equity Research

Southside Bancshares Inc. (SBSI) is a provider of financial products and services that could be an interesting play for investors. That is because, not only does the stock has decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on SBSI’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Southside Bancshares could be a solid choice for investors.

Current Quarter Estimates for SBSI

In the past 30 days, 1 estimate have gone higher for Southside Bancshares while no downward revision in the same time period. The trend has been pretty favorable too, with estimates increasing from 39 cents a share 30 days ago, to 53 cents today, a move of 35.9%.

Current Year Estimates for SBSI

Meanwhile, Southside Bancshares’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to no downward revision. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.67 per share 30 days ago to $2.20 per share today, an increase of 31.7 %.

Bottom Line

The stock has also started to move higher lately, adding 5.1% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>


SOUTHSIDE BANCSHARES (SBSI): Free Stock Analysis Report

Zacks Investment Research