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NASDAQ:SBSI

Southside Bancshares (SBSI) Stock Price, News & Analysis

$27.89
+0.13 (+0.47%)
(As of 05/21/2024 ET)
Today's Range
$27.75
$27.91
50-Day Range
$26.66
$29.23
52-Week Range
$25.38
$34.40
Volume
66,175 shs
Average Volume
122,697 shs
Market Capitalization
$844.51 million
P/E Ratio
10.37
Dividend Yield
5.16%
Price Target
$32.67

Southside Bancshares MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
17.1% Upside
$32.67 Price Target
Short Interest
Bearish
2.41% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.45
Upright™ Environmental Score
News Sentiment
0.16mentions of Southside Bancshares in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$450,932 Sold Last Quarter
Proj. Earnings Growth
5.84%
From $2.74 to $2.90 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.07 out of 5 stars

Finance Sector

237th out of 816 stocks

State Commercial Banks Industry

50th out of 166 stocks

SBSI stock logo

About Southside Bancshares Stock (NASDAQ:SBSI)

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 deposits. The company's loan portfolio comprises consumer loans that include 1-4 family residential loans, home equity loans, home improvement loans, automobile loans, and other consumer related loans; commercial loans, such as short-term working capital loans for inventory and accounts receivable, short and medium-term loans for equipment or other business capital expansion, commercial real estate loans, and municipal loans; and construction loans for 1-4 family residential and commercial real estate. It also offers wealth management and trust services consisting of investment management, administration of irrevocable, revocable, and testamentary trusts, estate administration, and custodian services for individuals, partnerships, and corporations; safe deposit services; and brokerage services. In addition, the company provides retirement and employee benefit accounts, including plans and profit sharing plans; and telephone, internet, and mobile banking services. The company offers various banking services through branches, drive-thru facilities, automated teller machines, and interactive teller machines. Southside Bancshares, Inc. was founded in 1960 and is headquartered in Tyler, Texas.

SBSI Stock Price History

SBSI Stock News Headlines

Southside Bancshares, Inc. Declares Cash Dividend
Q1 2024 Southside Bancshares Inc Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 2/29 Dividend
2/14/2024
Dividend Payable
2/29/2024
Last Earnings
4/25/2024
Today
5/21/2024
Ex-Dividend for 6/6 Dividend
5/22/2024
Dividend Payable
6/06/2024
Next Earnings (Estimated)
7/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:SBSI
CUSIP
84470P10
Employees
815
Year Founded
1960

Price Target and Rating

Average Stock Price Target
$32.67
High Stock Price Target
$34.00
Low Stock Price Target
$31.00
Potential Upside/Downside
+17.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$86.69 million
Pretax Margin
23.29%

Debt

Sales & Book Value

Annual Sales
$395.58 million
Cash Flow
$3.32 per share
Book Value
$25.61 per share

Miscellaneous

Free Float
28,438,000
Market Cap
$840.57 million
Optionable
Optionable
Beta
0.55

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SBSI Stock Analysis - Frequently Asked Questions

Should I buy or sell Southside Bancshares stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Southside Bancshares in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" SBSI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SBSI, but not buy additional shares or sell existing shares.
View SBSI analyst ratings
or view top-rated stocks.

What is Southside Bancshares' stock price target for 2024?

1 brokers have issued 1-year target prices for Southside Bancshares' shares. Their SBSI share price targets range from $31.00 to $34.00. On average, they anticipate the company's stock price to reach $32.67 in the next year. This suggests a possible upside of 17.1% from the stock's current price.
View analysts price targets for SBSI
or view top-rated stocks among Wall Street analysts.

How have SBSI shares performed in 2024?

Southside Bancshares' stock was trading at $31.32 on January 1st, 2024. Since then, SBSI stock has decreased by 11.0% and is now trading at $27.89.
View the best growth stocks for 2024 here
.

When is Southside Bancshares' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 23rd 2024.
View our SBSI earnings forecast
.

How were Southside Bancshares' earnings last quarter?

Southside Bancshares, Inc. (NASDAQ:SBSI) announced its earnings results on Thursday, April, 25th. The bank reported $0.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.75 by $0.04. The bank earned $112.48 million during the quarter, compared to the consensus estimate of $67.10 million. Southside Bancshares had a net margin of 19.79% and a trailing twelve-month return on equity of 10.80%. During the same quarter in the prior year, the firm earned $0.84 EPS.

How often does Southside Bancshares pay dividends? What is the dividend yield for Southside Bancshares?

Southside Bancshares announced a quarterly dividend on Thursday, May 9th. Shareholders of record on Thursday, May 23rd will be given a dividend of $0.36 per share on Thursday, June 6th. This represents a $1.44 annualized dividend and a dividend yield of 5.16%. The ex-dividend date of this dividend is Wednesday, May 22nd.
Read our dividend analysis for SBSI
.

Is Southside Bancshares a good dividend stock?

Southside Bancshares (NASDAQ:SBSI) pays an annual dividend of $1.44 per share and currently has a dividend yield of 5.08%. SBSI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 30 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 53.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SBSI will have a dividend payout ratio of 49.66% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SBSI.

What is Lee R. Gibson's approval rating as Southside Bancshares' CEO?

17 employees have rated Southside Bancshares Chief Executive Officer Lee R. Gibson on Glassdoor.com. Lee R. Gibson has an approval rating of 53% among the company's employees. This puts Lee R. Gibson in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Southside Bancshares own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Southside Bancshares investors own include Energy Transfer (ET), AT&T (T), Anavex Life Sciences (AVXL), Pfizer (PFE), NGL Energy Partners (NGL), ResMed (RMD), Range Resources (RRC), LadRx (CYTR), Dominion Energy (D) and Ford Motor (F).

Who are Southside Bancshares' major shareholders?

Southside Bancshares' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (6.60%), ProShare Advisors LLC (0.88%), Empowered Funds LLC (0.22%), Swiss National Bank (0.19%), Chatham Capital Group Inc. (0.16%) and California State Teachers Retirement System (0.09%). Insiders that own company stock include Brian K Mccabe, Cindy Blackstone, Donald W Thedford, Herbert C Buie, Jared C Green, John F Sammons Jr, Julie Shamburger, Lee R Gibson, Susan Elaine Anderson and William Sheehy.
View institutional ownership trends
.

How do I buy shares of Southside Bancshares?

Shares of SBSI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SBSI) was last updated on 5/21/2024 by MarketBeat.com Staff

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