The SEVP & COO of Southside Bancshares is Exercising Options

Today it was reported that the SEVP & COO of Southside Bancshares (NASDAQ: SBSI), Brian Mccabe, exercised options to sell 1,670 SBSI shares at $14.67 a share, for a total transaction value of $61.47K.

Following Brian Mccabe’s last SBSI Sell transaction on September 14, 2017, the stock climbed by 4.7%. In addition to Brian Mccabe, 2 other SBSI executives reported Sell trades in the last month.

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Based on Southside Bancshares’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $68.11 million and quarterly net profit of $20.2 million. In comparison, last year the company earned revenue of $55.55 million and had a net profit of $14.48 million. SBSI’s market cap is $1.28B and the company has a P/E ratio of 19.76. Currently, Southside Bancshares has an average volume of 74.96K.

In the last 30 days, insiders have sold $627.5K worth of SBSI shares and purchased $1,419 worth of SBSI shares. The insider sentiment on Southside Bancshares has been negative according to 73 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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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.