NASDAQ:SBSI

Southside Bancshares Stock Forecast, Price & News

$40.07
+0.76 (+1.93 %)
(As of 06/24/2021 03:59 PM ET)
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Today's Range
$39.38
$40.08
50-Day Range
$37.70
$43.29
52-Week Range
$23.51
$43.69
Volume1,151 shs
Average Volume128,531 shs
Market Capitalization$1.31 billion
P/E Ratio11.79
Dividend Yield3.31%
Beta0.6
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Southside Bancshares logo

About Southside Bancshares

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 deposit. 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, revocable and testamentary trusts, and custodian services for individuals, partnerships, and corporations; safe deposit services; and brokerage services. As of December 31, 2020, the company operated through 57 banking facilities and 79 ATMs/ITMs. Southside Bancshares, Inc. was founded in 1960 and is headquartered in Tyler, Texas.

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Industry, Sector and Symbol

Sales & Book Value

Profitability

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MarketRank

Overall MarketRank

1.58 out of 5 stars

Finance Sector

614th out of 1,980 stocks

State Commercial Banks Industry

130th out of 312 stocks

Analyst Opinion: 1.0Community Rank: 1.5Dividend Strength: 3.3Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -
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Southside Bancshares (NASDAQ:SBSI) Frequently Asked Questions

Is Southside Bancshares a buy right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Southside Bancshares in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Southside Bancshares stock. 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 analyst ratings for Southside Bancshares
or view top-rated stocks.

What stocks does MarketBeat like better than Southside Bancshares?

Wall Street analysts have given Southside Bancshares a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Southside Bancshares wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Southside Bancshares' next earnings date?

Southside Bancshares is scheduled to release its next quarterly earnings announcement on Wednesday, July 28th 2021.
View our earnings forecast for Southside Bancshares
.

How were Southside Bancshares' earnings last quarter?

Southside Bancshares, Inc. (NASDAQ:SBSI) issued its quarterly earnings data on Thursday, April, 22nd. The bank reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.35. The bank had revenue of $62.87 million for the quarter, compared to analyst estimates of $59.85 million. Southside Bancshares had a trailing twelve-month return on equity of 13.32% and a net margin of 41.21%. During the same quarter in the previous year, the firm earned $0.12 EPS.
View Southside Bancshares' earnings history
.

How has Southside Bancshares' stock price been impacted by Coronavirus (COVID-19)?

Southside Bancshares' stock was trading at $27.82 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SBSI stock has increased by 43.2% and is now trading at $39.85.
View which stocks have been most impacted by COVID-19
.

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

Southside Bancshares announced a quarterly dividend on Thursday, May 6th. Shareholders of record on Thursday, May 20th will be given a dividend of $0.33 per share on Thursday, June 3rd. This represents a $1.32 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Wednesday, May 19th. This is a positive change from Southside Bancshares's previous quarterly dividend of $0.32.
View Southside Bancshares' dividend history
.

Is Southside Bancshares a good dividend stock?

Southside Bancshares pays an annual dividend of $1.32 per share and currently has a dividend yield of 3.31%. Southside Bancshares has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Southside Bancshares is 53.01%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Southside Bancshares will have a dividend payout ratio of 48.18% next year. This indicates that Southside Bancshares will be able to sustain or increase its dividend.
View Southside Bancshares' dividend history.

What price target have analysts set for SBSI?

1 brokers have issued 1-year price targets for Southside Bancshares' stock. Their forecasts range from $30.00 to $30.00. On average, they expect Southside Bancshares' stock price to reach $30.00 in the next year. This suggests that the stock has a possible downside of 24.7%.
View analysts' price targets for Southside Bancshares
or view top-rated stocks among Wall Street analysts.

Who are Southside Bancshares' key executives?

Southside Bancshares' management team includes the following people:
  • Mr. Lee R. Gibson III, CPA, CPA, Pres, CEO & Director (Age 64, Pay $1.08M)
  • Ms. Julie N. Shamburger CPA, CPA, Chief Financial Officer (Age 58, Pay $606k)
  • Mr. Brian K. McCabe, Chief Operations Officer (Age 60, Pay $432.08k)
  • Lindsey Bailes CPA, VP & Investor Relations Officer
  • Vonna Crowley, Sr. VP & Compliance Officer
  • Mr. Tim H. Carter, Exec. VP (Age 66)
  • Suni Davis CPA, Chief Risk Officer
  • Mr. Joe C. Denman III, Exec. VP
  • Anne Martinez, Exec. VP & Sr. Loan Review Officer
  • Ms. Sandi Hegwood CPA, Sr. VP & Chief Audit Exec.

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

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

Who are some of Southside Bancshares' key competitors?

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), CytRx (CYTR), Dominion Energy (D) and Ford Motor (F).

What is Southside Bancshares' stock symbol?

Southside Bancshares trades on the NASDAQ under the ticker symbol "SBSI."

Who are Southside Bancshares' major shareholders?

Southside Bancshares' stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (14.87%), Dimensional Fund Advisors LP (4.02%), Renaissance Technologies LLC (2.39%), Geode Capital Management LLC (1.72%), Northern Trust Corp (1.43%) and Bank of New York Mellon Corp (1.29%). Company insiders that own Southside Bancshares stock include Brian K Mccabe, Donald W Thedford, Emily S Moore, Jared C Green, John F Sammons, Jr, John Robert Garrett, Julie Shamburger, Lawrence Lazelle Anderson, Lee R Gibson, Shannon Dacus, Suni M Davis and Tony K Morgan.
View institutional ownership trends for Southside Bancshares
.

Which major investors are selling Southside Bancshares stock?

SBSI stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Northern Trust Corp, Dimensional Fund Advisors LP, Morgan Stanley, King Luther Capital Management Corp, Alliancebernstein L.P., GSA Capital Partners LLP, and Credit Suisse AG. Company insiders that have sold Southside Bancshares company stock in the last year include Brian K Mccabe, Emily S Moore, Jared C Green, Julie Shamburger, Lawrence Lazelle Anderson, Lee R Gibson, and Suni M Davis.
View insider buying and selling activity for Southside Bancshares
or view top insider-selling stocks.

Which major investors are buying Southside Bancshares stock?

SBSI stock was bought by a variety of institutional investors in the last quarter, including MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income, Goldman Sachs Group Inc., Royal Bank of Canada, Victory Capital Management Inc., AQR Capital Management LLC, Geode Capital Management LLC, JPMorgan Chase & Co., and Citadel Advisors LLC. Company insiders that have bought Southside Bancshares stock in the last two years include Donald W Thedford, John F Sammons, Jr, John Robert Garrett, Shannon Dacus, and Tony K Morgan.
View insider buying and selling activity for Southside Bancshares
or or view top insider-buying stocks.

How do I buy shares of Southside Bancshares?

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

What is Southside Bancshares' stock price today?

One share of SBSI stock can currently be purchased for approximately $39.85.

How much money does Southside Bancshares make?

Southside Bancshares has a market capitalization of $1.30 billion and generates $281.56 million in revenue each year. The bank earns $82.15 million in net income (profit) each year or $2.49 on an earnings per share basis.

How many employees does Southside Bancshares have?

Southside Bancshares employs 832 workers across the globe.

What is Southside Bancshares' official website?

The official website for Southside Bancshares is www.southside.com.

Where are Southside Bancshares' headquarters?

Southside Bancshares is headquartered at 1201 S. BECKHAM AVENUE, TYLER TX, 75701.

How can I contact Southside Bancshares?

Southside Bancshares' mailing address is 1201 S. BECKHAM AVENUE, TYLER TX, 75701. The bank can be reached via phone at 903-531-7111 or via email at [email protected]


This page was last updated on 6/24/2021 by MarketBeat.com Staff
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