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NASDAQ:SBSISouthside Bancshares Stock Price, Forecast & News

$27.40
-0.30 (-1.08 %)
(As of 08/3/2020 04:00 PM ET)
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Today's Range
$27.31
Now: $27.40
$27.92
50-Day Range
$24.45
MA: $27.00
$28.80
52-Week Range
$23.74
Now: $27.40
$37.89
Volume104,615 shs
Average Volume162,945 shs
Market Capitalization$904.53 million
P/E Ratio14.73
Dividend Yield4.48%
Beta0.55
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 installment 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 trust services consisting of investment management, administration, and advisory services for individuals, partnerships, and corporations; safe deposit services; and brokerage services. The company operates through 59 branches and 40 motor bank facilities located in and around Arlington, Austin, Bullard, Chandler, Cleburne, Cleveland, Diboll, Euless, Flower Mound, Fort Worth, Frisco, Granbury, Grapevine, Gresham, Gun Barrel City, Hawkins, Hemphill, Irving, Jacksonville, Jasper, Lindale, Longview, Lufkin, Nacogdoches, Palestine, Pineland, San Augustine, Splendora, Tyler, Watauga, Weatherford, and Whitehouse; and a network of 83 automated teller machines, as well as wealth management and trust services, and/or loan production or other financial services offices. Southside Bancshares, Inc. was founded in 1960 and is headquartered in Tyler, Texas.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.0Community Rank: 1.5Dividend Strength: 5.0Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.80 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:SBSI
CUSIP84470P10
Phone903-531-7111

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$283.15 million
Cash Flow$2.54 per share
Book Value$23.83 per share

Profitability

Net Income$74.55 million

Miscellaneous

Employees820
Market Cap$904.53 million
Next Earnings Date10/23/2020 (Estimated)
OptionableOptionable
$27.40
-0.30 (-1.08 %)
(As of 08/3/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Southside Bancshares (NASDAQ:SBSI) Frequently Asked Questions

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

Southside Bancshares' stock was trading at $27.82 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SBSI stock has decreased by 1.5% and is now trading at $27.40.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Southside Bancshares?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Southside Bancshares in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Southside Bancshares
.

When is Southside Bancshares' next earnings date?

Southside Bancshares is scheduled to release its next quarterly earnings announcement on Friday, October 23rd 2020.
View our earnings forecast for Southside Bancshares
.

How were Southside Bancshares' earnings last quarter?

Southside Bancshares, Inc. (NASDAQ:SBSI) issued its earnings results on Wednesday, July, 22nd. The bank reported $0.65 EPS for the quarter, topping the Zacks' consensus estimate of $0.37 by $0.28. The bank earned $62.48 million during the quarter, compared to the consensus estimate of $56.35 million. Southside Bancshares had a net margin of 21.63% and a return on equity of 7.86%.
View Southside Bancshares' earnings history
.

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

Southside Bancshares declared a quarterly dividend on Thursday, May 7th. Shareholders of record on Thursday, May 21st will be given a dividend of $0.31 per share on Thursday, June 4th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date of this dividend is Wednesday, May 20th.
View Southside Bancshares' dividend history
.

What price target have analysts set for SBSI?

2 brokers have issued 1 year price objectives for Southside Bancshares' stock. Their forecasts range from $29.00 to $30.00. On average, they expect Southside Bancshares' stock price to reach $29.50 in the next twelve months. This suggests a possible upside of 7.7% from the stock's current price.
View analysts' price targets for Southside Bancshares
.

Has Southside Bancshares been receiving favorable news coverage?

News coverage about SBSI stock has been trending extremely negative on Tuesday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Southside Bancshares earned a news impact score of -4.0 on InfoTrie's scale. They also gave news headlines about the bank a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the near term.
View the latest news about Southside Bancshares
.

Are investors shorting Southside Bancshares?

Southside Bancshares saw a decrease in short interest during the month of July. As of July 15th, there was short interest totaling 1,290,000 shares, a decrease of 12.2% from the June 30th total of 1,470,000 shares. Based on an average daily volume of 183,700 shares, the days-to-cover ratio is presently 7.0 days. Approximately 4.1% of the company's stock are sold short.
View Southside Bancshares' Current Options Chain
.

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 LP Unit (ET), AT&T (T), Anavex Life Sciences (AVXL), NGL Energy Partners (NGL), Range Resources (RRC), CytRx (CYTR), Ford Motor (F), SandRidge Permian Trust (PER), Pfizer (PFE) and ResMed (RMD).

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 62)
  • Ms. Julie N. Shamburger CPA, CPA, Sr. EVP & CFO (Age 56)
  • Mr. Brian K. McCabe, Sr. EVP & COO (Age 58)
  • Mr. Timothy F. Alexander, Chief Lending Officer (Age 62)
  • Ms. Lindsey Bibby, VP & Investor Relations Officer

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 a variety of retail and institutional investors. Top institutional shareholders include ProShare Advisors LLC (0.76%), First Trust Advisors LP (0.33%), Creative Planning (0.25%), Comerica Bank (0.10%), UBS Group AG (0.09%) and SG Americas Securities LLC (0.03%). Company insiders that own Southside Bancshares stock include Brian K Mccabe, Donald W Thedford, John F Sammons, Jr, John Robert Garrett, Julie Shamburger, Timothy F Alexander 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 ProShare Advisors LLC. Company insiders that have sold Southside Bancshares company stock in the last year include Brian K Mccabe, and Julie Shamburger.
View insider buying and selling activity for Southside Bancshares
.

Which major investors are buying Southside Bancshares stock?

SBSI stock was bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, SG Americas Securities LLC, Creative Planning, Comerica Bank, UBS Group AG, Zurcher Kantonalbank Zurich Cantonalbank , and Nisa Investment 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, and Tony K Morgan.
View insider buying and selling activity for Southside Bancshares
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Southside Bancshares' stock price today?

One share of SBSI stock can currently be purchased for approximately $27.40.

How big of a company is Southside Bancshares?

Southside Bancshares has a market capitalization of $904.53 million and generates $283.15 million in revenue each year. The bank earns $74.55 million in net income (profit) each year or $2.20 on an earnings per share basis. Southside Bancshares employs 820 workers across the globe.

What is Southside Bancshares' official website?

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

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 8/4/2020 by MarketBeat.com Staff

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