Southside Bancshares (SBSI) Stock Forecast, Price & News

1 Wall Street research 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 research 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.

1 Wall Street analysts have issued 1 year price objectives for Southside Bancshares' stock. Their SBSI share price forecasts range from $33.00 to $34.00. On average, they expect the company's share price to reach $33.50 in the next twelve months. This suggests a possible upside of 18.0% from the stock's current price.
View analysts price targets for SBSI or view top-rated stocks among Wall Street analysts.

Southside Bancshares' stock was trading at $35.99 at the beginning of the year. Since then, SBSI stock has decreased by 21.1% and is now trading at $28.38.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our SBSI earnings forecast.

Southside Bancshares, Inc. (NASDAQ:SBSI) released its quarterly earnings data on Tuesday, July, 25th. The bank reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.13. The bank earned $97.34 million during the quarter, compared to the consensus estimate of $64.90 million. Southside Bancshares had a net margin of 29.88% and a trailing twelve-month return on equity of 14.37%. During the same period in the previous year, the company posted $0.79 EPS.

Southside Bancshares declared a quarterly dividend on Thursday, August 3rd. Investors of record on Thursday, August 17th will be paid a dividend of $0.35 per share on Friday, September 1st. This represents a $1.40 annualized dividend and a dividend yield of 4.93%. The ex-dividend date is Wednesday, August 16th.
Read our dividend analysis for SBSI.

ETFs with the largest weight of Southside Bancshares (NASDAQ:SBSI) stock in their portfolio include ProShares Russell 2000 Dividend Growers ETF (SMDV), Invesco S&P SmallCap Low Volatility ETF (XSLV) and SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV).Inspire Small/Mid Cap ETF (ISMD).

Southside Bancshares (NASDAQ:SBSI) pays an annual dividend of $1.40 per share and currently has a dividend yield of 4.90%. 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 29 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 41.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SBSI will have a dividend payout ratio of 45.75% 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), LadRx (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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.49%), State Street Corp (4.34%), Dimensional Fund Advisors LP (4.30%), Geode Capital Management LLC (1.95%), Renaissance Technologies LLC (1.79%) and Bank of New York Mellon Corp (1.33%). 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, Lee R Gibson, Suni M Davis, Susan Elaine Anderson 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 $28.38.

Southside Bancshares (NASDAQ:SBSI) has a market capitalization of $865.59 million and generates $293.84 million in revenue each year. The bank earns $105.02 million in net income (profit) each year or $3.35 on an earnings per share basis.

The company employs 813 workers across the globe.

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.