The CFO of Southside Bancshares is Exercising Options

Yesterday it was reported that the CFO of Southside Bancshares (SBSI), 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.

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