The CFO of Southside Bancshares is Exercising Options

By Carrie Williams

Yesterday it was reported that the CFO of Southside Bancshares (SBSIResearch Report), Julie Shamburger, exercised options to sell 4,558 SBSI shares at $16.81 a share, for a total transaction value of $157K.

Following Julie Shamburger’s last SBSI Sell transaction on November 17, 2020, the stock climbed by 4.0%.

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Based on Southside Bancshares’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $59.32 million and quarterly net profit of $29.57 million. In comparison, last year the company earned revenue of $53.41 million and had a net profit of $17.34 million. The company has a one-year high of $35.21 and a one-year low of $23.51. SBSI’s market cap is $1.15 billion and the company has a P/E ratio of 13.60.

In the last 30 days, insiders have sold $157K worth of SBSI shares and purchased $4,391 worth of SBSI shares.

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Southside Bancshares, Inc. operates as a bank holding company of Southside Bank. It offers checking, saving & retirement accounts, certificate of deposits, debit, credit cards, mobile banking, loans, mortgage & equity lending, identity theft prevention, electronic banking, healthcare banking and business loans. The company was founded in 1960 and is headquartered in Tyler, TX.