Southside Bancshares - SBSI Stock Forecast, Price & News

1 Wall Street 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 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.
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1 brokers have issued 12 month target prices for Southside Bancshares' stock. Their SBSI share price forecasts range from $41.00 to $43.00. On average, they anticipate the company's share price to reach $42.00 in the next twelve months. This suggests a possible upside of 6.1% from the stock's current price.
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Southside Bancshares' stock was trading at $41.82 at the start of the year. Since then, SBSI shares have decreased by 5.3% and is now trading at $39.59.
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Southside Bancshares is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our SBSI earnings forecast.

Southside Bancshares, Inc. (NASDAQ:SBSI) announced its quarterly earnings data on Monday, July, 25th. The bank reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.76 by $0.03. Southside Bancshares had a net margin of 40.84% and a trailing twelve-month return on equity of 13.17%. During the same quarter last year, the firm posted $0.65 earnings per share.

Southside Bancshares declared a quarterly dividend on Thursday, August 4th. Stockholders of record on Thursday, August 18th will be given a dividend of $0.34 per share on Thursday, September 1st. This represents a $1.36 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date is Wednesday, August 17th.
Read our dividend analysis for SBSI.

Southside Bancshares (NASDAQ:SBSI) pays an annual dividend of $1.36 per share and currently has a dividend yield of 3.41%. The company has been increasing its dividend for 29 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 40.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SBSI will have a dividend payout ratio of 40.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SBSI.

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.

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).

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

Southside Bancshares' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Victory Capital Management Inc. (0.97%), ProShare Advisors LLC (0.70%), Robeco Institutional Asset Management B.V. (0.70%), MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income (0.58%), Hamilton Point Investment Advisors LLC (0.18%) and TD Asset Management Inc. (0.15%). Insiders that own company stock include Brian K Mccabe, Cindy Blackstone, Donald W Thedford, Emily S Moore, Herbert C Buie, Jared C Green, John F Sammons, Jr, John Robert Garrett, Julie Shamburger, Lawrence Lazelle Anderson, Lee R Gibson, Shannon Dacus, Suni M Davis, Tony K Morgan and William Sheehy.
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Shares of SBSI stock 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.
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One share of SBSI stock can currently be purchased for approximately $39.59.

Southside Bancshares (NASDAQ:SBSI) has a market capitalization of $1.27 billion and generates $265.32 million in revenue each year. The bank earns $113.40 million in net income (profit) each year or $3.34 on an earnings per share basis.

Southside Bancshares employs 809 workers across the globe.

Southside Bancshares was founded in 1960.

Southside Bancshares' mailing address is 1201 S. BECKHAM AVENUE, TYLER TX, 75701. The official website for the company is www.southside.com. The bank can be reached via phone at (903) 531-7111, via email at deborah.wilkinson@southside.com, or via fax at 903-592-3692.