NASDAQ:SBSI

Southside Bancshares - SBSI Stock Forecast, Price & News

$36.41

-0.45 (-1.22%)

(As of 10/5/2022 12:00 AM ET)

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Today's Range: $36.07
▼
$36.79
50-Day Range: $35.36
▼
$41.70
52-Week Range: $35.30
▼
$45.36

Volume: 65,916 shs
Average Volume: 96,530 shs
Market Capitalization: $1.17 billion

P/E Ratio: 10.90
Dividend Yield: 3.69%
Price Target: $42.00

Southside Bancshares MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 15.4% Upside
$42.00 Price Target
Short Interest: Bearish
3.61% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.49
Upright™ Environmental Score
News Sentiment: 0.12
Based on 2 Articles This Week
Insider Trading: Selling Shares
$79,077 Sold Last Quarter
Proj. Earnings Growth: 1.74%
From $3.45 to $3.51 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.25 out of 5 stars

Finance Sector

581st out of 887 stocks

State Commercial Banks Industry

116th out of 186 stocks

2.0

Analyst's Opinion

Consensus Rating
Southside Bancshares has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $42.00, Southside Bancshares has a forecasted upside of 15.4% from its current price of $36.41.
Amount of Analyst Coverage
Southside Bancshares has received no research coverage in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
3.61% of the float of Southside Bancshares has been sold short.
Short Interest Ratio / Days to Cover
Southside Bancshares has a short interest ratio ("days to cover") of 12.2, which indicates bearish sentiment.
Change versus previous month
Short interest in Southside Bancshares has recently increased by 0.92%, indicating that investor sentiment is decreasing.

5.0

Dividend Strength

Dividend Leadership
Southside Bancshares is a leading dividend payer. It pays a dividend yield of 3.69%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Southside Bancshares has been increasing its dividend for 27 years.
Dividend Coverage
The dividend payout ratio of Southside Bancshares is 40.72%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Southside Bancshares will have a dividend payout ratio of 38.75% next year. This indicates that Southside Bancshares will be able to sustain or increase its dividend.

3.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Southside Bancshares has received a 36.92% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Cash withdrawal services", "Retirement saving services", "Mortgages provided by brick and mortar banks", "Mortgage loans for corporations", "Corporate debit cards", and "Consumer savings accounts provided by brick and mortar banks" products. See details.
Environmental Sustainability
The Environmental Impact score for Southside Bancshares is -0.49.

1.7

News and Social Media Coverage

News Sentiment
Southside Bancshares has a news sentiment score of 0.12. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.76 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Southside Bancshares this week, compared to 4 articles on an average week.
Search Interest
Only 1 people have searched for SBSI on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
3 people have added Southside Bancshares to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Southside Bancshares insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $79,077.00 in company stock.
Percentage Held by Insiders
Only 5.70% of the stock of Southside Bancshares is held by insiders.
Percentage Held by Institutions
52.60% of the stock of Southside Bancshares is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Southside Bancshares are expected to grow by 1.74% in the coming year, from $3.45 to $3.51 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Southside Bancshares is 10.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.07.
Price to Earnings Ratio vs. Sector
The P/E ratio of Southside Bancshares is 10.90, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 159.47.
Price to Book Value per Share Ratio
Southside Bancshares has a P/B Ratio of 1.29. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Southside Bancshares (NASDAQ:SBSI) Stock

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, 2021, the company operated through 56 banking facilities and 73 ATMs/ITMs. Southside Bancshares, Inc. was founded in 1960 and is headquartered in Tyler, Texas.

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SBSI Stock News Headlines

September 30, 2022 | msn.com

Police investigating incident in Richmond Southside neighborhood

September 29, 2022 | msn.com

Birmingham police investigating homicide in Southside

October 6, 2022 | Legacy Research (Ad)

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September 28, 2022 | msn.com

La Gloria opens its 'most beautiful location' on San Antonio's Southside

September 27, 2022 | finance.yahoo.com

3 Reasons to Invest in Southside Bancshares (SBSI) Stock Now

September 26, 2022 | msn.com

Motorcyclist killed in Sunday-night crash on Birmingham’s Southside

September 24, 2022 | msn.com

Norfolk's Southside Boys & Girls Club reopens after 'extensive renovation' project

September 24, 2022 | msn.com

Southside's Mason Teague runs for 258 yards to lead Gadsden area top performers

October 6, 2022 | Legacy Research (Ad)

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September 22, 2022 | msn.com

Prestige property: Secret wonder on the Southside

September 21, 2022 | msn.com

An adults-only bar and pizza spot is opening in Fort Worth’s Near Southside

September 21, 2022 | msn.com

Blackford apartment offers a sanctuary in the Southside

September 20, 2022 | msn.com

Man arrested in Southside Drive double shooting; victim identified

September 20, 2022 | msn.com

JSO: No foul play suspected after body found at Dog Wood Park on the Southside

September 20, 2022 | msn.com

HUD awards $50 million grant to Omaha to redevelop Southside Terrace Apartments

September 17, 2022 | msn.com

All lanes of Philips Highway at Southside blocked due to crash with injuries

September 17, 2022 | msn.com

All lanes of Philips Highway blocked at Southside due to crash involving motorcycle

September 16, 2022 | msn.com

Southside student attends program in South Korea

September 14, 2022 | msn.com

Man killed in shooting in Richmond’s Southside

September 12, 2022 | msn.com

Police presence reported in the Lakewood area on Jacksonville's Southside

September 12, 2022 | seekingalpha.com

Southside Bancshares: Increasing Interest Rates Destroyed The Book Value

September 8, 2022 | msn.com

Danville officers build 'Peace Pantries' to fight food insecurity on the Southside

September 8, 2022 | bizjournals.com

BeltLine seeking construction firms for Southside Trail

September 7, 2022 | msn.com

City breaks ground on improvements to Old Southside neighborhood

September 5, 2022 | msn.com

Funkiest apartments in Funkytown? This Near Southside project is unique in Fort Worth

September 4, 2022 | msn.com

Two men shot after altercation led to shooting at Southside bar

September 1, 2022 | msn.com

Man dies in motorcycle crash in Southside

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SBSI Company Calendar

Last Earnings: 7/25/2022
Ex-Dividend for 9/1 Dividend: 8/17/2022
Dividend Payable: 9/01/2022
Today: 10/06/2022
Next Earnings (Estimated): 10/25/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: State commercial banks
Sub-Industry: Regional Banks
Sector: Finance
Current Symbol: NASDAQ:SBSI
CUSIP: 84470P10
CIK: 705432
Web: www.southside.com
Phone: (903) 531-7111
Fax: 903-592-3692
Employees: 809
Year Founded: 1960

Price Target and Rating

Average Stock Price Forecast: $42.00
High Stock Price Forecast: $43.00
Low Stock Price Forecast: $41.00
Forecasted Upside/Downside: +15.4%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.34
Trailing P/E Ratio: 10.90
Forward P/E Ratio: 10.55
P/E Growth: N/A
Net Income: $113.40 million
Net Margins: 40.84%
Pretax Margin: 46.96%
Return on Equity: 13.17%
Return on Assets: 1.50%

Debt

Debt-to-Equity Ratio: 0.30
Current Ratio: 0.64
Quick Ratio: 0.64

Sales & Book Value

Annual Sales: $265.32 million
Price / Sales: 4.41
Cash Flow: $4.65 per share
Price / Cash Flow: 7.83
Book Value: $28.26 per share
Price / Book: 1.29

Miscellaneous

Outstanding Shares: 32,104,000
Free Float: 30,274,000
Market Cap: $1.17 billion
Optionable: Optionable
Beta: 0.57

Social Links

Key Executives

Mr. Lee R. Gibson III (Age 65)
CPA, CPA, Pres, CEO & Director
Comp: $1.14M

Ms. Julie N. Shamburger CPA (Age 59)
CPA, Chief Financial Officer
Comp: $631.17k

Mr. Brian K. McCabe (Age 61)
Chief Operations Officer
Comp: $486.55k

Mr. T. L. Arnold Jr. (Age 58)
Chief Credit Officer
Comp: $478.31k

Lindsey Bailes CPA
VP & Investor Relations Officer

Vonna Crowley
Sr. VP & Compliance Officer

Mr. Tim H. Carter (Age 67)
Exec. VP

Ms. Suni Davis CPA (Age 46)
Chief Risk Officer

Mr. Joe C. Denman III
Exec. VP

Anne Martinez
Exec. VP & Sr. Loan Review Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SBSI Stock - 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 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.
View SBSI analyst ratings or view top-rated stocks.
What is Southside Bancshares' stock price forecast for 2022?: 1 Wall Street research analysts have issued 1-year target prices for Southside Bancshares' stock. Their SBSI share price forecasts range from $41.00 to $43.00. On average, they expect the company's stock price to reach $42.00 in the next year. This suggests a possible upside of 15.4% 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 2022?: Southside Bancshares' stock was trading at $41.82 on January 1st, 2022. Since then, SBSI stock has decreased by 12.9% and is now trading at $36.41.
View the best growth stocks for 2022 here.
When is Southside Bancshares' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our SBSI earnings forecast.
How were Southside Bancshares' earnings last quarter?: Southside Bancshares, Inc. (NASDAQ:SBSI) posted its quarterly earnings data on Monday, July, 25th. The bank reported $0.79 earnings per share for the quarter, missing analysts' consensus estimates of $0.80 by $0.01. The bank had revenue of $63.93 million for the quarter, compared to analysts' expectations of $64.59 million. Southside Bancshares had a net margin of 40.84% and a trailing twelve-month return on equity of 13.17%. During the same quarter in the previous year, the company posted $0.65 EPS.
How often does Southside Bancshares pay dividends? What is the dividend yield for Southside Bancshares?: Southside Bancshares declared a quarterly dividend on Thursday, August 4th. Investors of record on Thursday, August 18th will be paid a dividend of $0.34 per share on Thursday, September 1st. This represents a $1.36 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend is Wednesday, August 17th.
Read our dividend analysis for SBSI.

Is Southside Bancshares a good dividend stock?: Southside Bancshares (NASDAQ:SBSI) pays an annual dividend of $1.36 per share and currently has a dividend yield of 3.69%. The company has been increasing its dividend for 27 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 38.75% 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), 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."
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 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 $36.41.
How much money does Southside Bancshares make?: Southside Bancshares (NASDAQ:SBSI) has a market capitalization of $1.17 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.
How many employees does Southside Bancshares have?: The company employs 809 workers across the globe.
How can I contact Southside Bancshares?: 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.

This page (NASDAQ:SBSI) was last updated on 10/6/2022 by MarketBeat.com Staff

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Southside Bancshares - SBSI Stock Forecast, Price & News

Southside Bancshares MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Southside Bancshares (NASDAQ:SBSI) Stock

SBSI Stock News Headlines

SBSI Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

SBSI Stock - Frequently Asked Questions

MarketBeat Resources

Premium Research Tools

Market Data and Calendars

Investing Education and Resources

Overall MarketRank^™