NASDAQ:SBSI - Southside Bancshares Stock Price, News, & Analysis

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$32.16 +0.41 (+1.29 %)
(As of 03/26/2019 02:08 AM ET)
Previous Close$31.75
Today's Range$31.51 - $32.23
52-Week Range$29.28 - $37.32
Volume139,700 shs
Average Volume140,068 shs
Market Capitalization$1.08 billion
P/E Ratio15.05
Dividend Yield3.78%
Beta0.78
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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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$269.94 million
Cash Flow$2.5403 per share
Book Value$20.80 per share

Profitability

Net Income$74.14 million

Miscellaneous

Employees820
Market Cap$1.08 billion
Next Earnings Date5/7/2019 (Estimated)
OptionableOptionable

Southside Bancshares (NASDAQ:SBSI) Frequently Asked Questions

What is Southside Bancshares' stock symbol?

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

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

Southside Bancshares announced a quarterly dividend on Friday, February 8th. Investors of record on Thursday, February 21st will be paid a dividend of $0.30 per share on Thursday, March 7th. This represents a $1.20 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date is Wednesday, February 20th. View Southside Bancshares' Dividend History.

How were Southside Bancshares' earnings last quarter?

Southside Bancshares, Inc. (NASDAQ:SBSI) released its quarterly earnings results on Friday, February, 1st. The bank reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.58 by $0.08. The bank had revenue of $52.54 million for the quarter, compared to the consensus estimate of $55.50 million. Southside Bancshares had a return on equity of 9.94% and a net margin of 27.47%. The business's revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 EPS. View Southside Bancshares' Earnings History.

When is Southside Bancshares' next earnings date?

Southside Bancshares is scheduled to release their next quarterly earnings announcement on Tuesday, May 7th 2019. View Earnings Estimates for Southside Bancshares.

What price target have analysts set for SBSI?

1 brokers have issued 1-year price objectives for Southside Bancshares' shares. Their forecasts range from $37.00 to $37.00. On average, they anticipate Southside Bancshares' stock price to reach $37.00 in the next year. This suggests a possible upside of 15.0% from the stock's current price. View Analyst Price Targets for Southside Bancshares.

What is the consensus analysts' recommendation for Southside Bancshares?

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, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Southside Bancshares.

Has Southside Bancshares been receiving favorable news coverage?

Media coverage about SBSI stock has trended positive recently, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Southside Bancshares earned a news sentiment score of 2.2 on InfoTrie's scale. They also gave media coverage about the bank a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the immediate future.

Who are some of Southside Bancshares' key competitors?

What other stocks do shareholders of Southside Bancshares own?

Who are Southside Bancshares' key executives?

Southside Bancshares' management team includes the folowing people:
  • Mr. Lee R. Gibson III, CPA, CPA, Pres, CEO & Director (Age 62)
  • Ms. Julie N. Shamburger CPA, Sr. EVP & CFO (Age 56)
  • Mr. Brian K. McCabe, Sr. EVP & COO (Age 58)
  • Mr. Earl W. Clawater III, Sr. EVP, Chief Credit Officer & Advisory Director of Southside Bank (Age 65)
  • Mr. Timothy F. Alexander, Chief Lending Officer (Age 62)

Who are Southside Bancshares' major shareholders?

Southside Bancshares' stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (13.88%), Dimensional Fund Advisors LP (4.64%), Handelsbanken Fonder AB (2.05%), Northern Trust Corp (1.72%), Geode Capital Management LLC (1.11%) and Geode Capital Management LLC (1.11%). Company insiders that own Southside Bancshares stock include Alton Cade Jr, Brian K Mccabe, John Robert Garrett, Julie Shamburger, Michael J Bosworth, Peter M Boyd, Tim Carter, 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 Millennium Management LLC, First Trust Advisors LP, Barclays PLC, Walthausen & Co. LLC, MetLife Investment Advisors LLC, Northern Trust Corp, New York State Common Retirement Fund and Advisor Group Inc.. Company insiders that have sold Southside Bancshares company stock in the last year include Brian K Mccabe and Timothy F Alexander. View Insider Buying and Selling for Southside Bancshares.

Which major investors are buying Southside Bancshares stock?

SBSI stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Handelsbanken Fonder AB, Creative Planning, Dimensional Fund Advisors LP, Geode Capital Management LLC, Geode Capital Management LLC, Bank of America Corp DE and Handelsinvest Investeringsforvaltning. Company insiders that have bought Southside Bancshares stock in the last two years include John Robert Garrett, Julie Shamburger and Tony K Morgan. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Southside Bancshares' stock price today?

One share of SBSI stock can currently be purchased for approximately $32.16.

How big of a company is Southside Bancshares?

Southside Bancshares has a market capitalization of $1.08 billion and generates $269.94 million in revenue each year. The bank earns $74.14 million in net income (profit) each year or $2.11 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 http://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]


MarketBeat Community Rating for Southside Bancshares (NASDAQ SBSI)

Community Ranking:  1.5 out of 5 (star half star)
Outperform Votes:  117 (Vote Outperform)
Underperform Votes:  271 (Vote Underperform)
Total Votes:  388
MarketBeat's community ratings are surveys of what our community members think about Southside Bancshares and other stocks. Vote "Outperform" if you believe SBSI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SBSI will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/26/2019 by MarketBeat.com Staff

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