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NASDAQ:SBSI

Southside Bancshares - SBSI Stock Forecast, Price & News

$41.17
-0.53 (-1.27%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
Today's Range
$40.62
$41.29
50-Day Range
$36.20
$41.70
52-Week Range
$35.44
$45.36
Volume
56,533 shs
Average Volume
93,348 shs
Market Capitalization
$1.32 billion
P/E Ratio
12.33
Dividend Yield
3.26%
Price Target
$42.00

Southside Bancshares MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
2.1% Upside
$42.00 Price Target
Short Interest
Bearish
3.38% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.49
Upright™ Environmental Score
News Sentiment
0.31mentions of Southside Bancshares in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$79,077 Sold Last Quarter
Proj. Earnings Growth
-2.32%
From $3.45 to $3.37 Per Share

Overall MarketRank

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

1.85 out of 5 stars

Finance Sector

787th out of 932 stocks

State Commercial Banks Industry

181st out of 194 stocks

SBSI stock logo

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.

Southside Bancshares Stock Down 1.6 %

Shares of Southside Bancshares stock traded down $0.67 on Wednesday, reaching $41.03. The stock had a trading volume of 285 shares, compared to its average volume of 70,062. The company has a 50 day moving average price of $38.27 and a 200 day moving average price of $39.74. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.30. Southside Bancshares has a 1 year low of $35.44 and a 1 year high of $45.36. The stock has a market capitalization of $1.32 billion, a P/E ratio of 12.49 and a beta of 0.57.

Southside Bancshares (NASDAQ:SBSI - Get Rating) last issued its quarterly earnings data on Monday, July 25th. The bank reported $0.79 earnings per share (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 return on equity of 13.17%. During the same period in the prior year, the company posted $0.65 EPS. As a group, equities research analysts forecast that Southside Bancshares will post 3.45 EPS for the current year.

Southside Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Wednesday, August 17th. Southside Bancshares's dividend payout ratio is presently 40.72%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Piper Sandler reduced their price target on shares of Southside Bancshares to $41.00 in a report on Monday, July 4th. Stephens lifted their price objective on shares of Southside Bancshares to $43.00 in a research report on Tuesday, July 26th.

Insiders Place Their Bets

In other Southside Bancshares news, insider Cindy Blackstone sold 2,005 shares of the business's stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $39.44, for a total transaction of $79,077.20. Following the sale, the insider now owns 2,021 shares of the company's stock, valued at approximately $79,708.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.70% of the stock is owned by insiders.

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SBSI Company Calendar

Ex-Dividend for 6/2 Dividend
5/18/2022
Dividend Payable
6/02/2022
Last Earnings
7/25/2022
Today
8/17/2022
Ex-Dividend for 9/1 Dividend
8/17/2022
Dividend Payable
9/01/2022
Next Earnings (Estimated)
10/25/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:SBSI
CUSIP
84470P10
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
+2.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$113.40 million
Pretax Margin
46.96%

Debt

Sales & Book Value

Annual Sales
$265.32 million
Cash Flow
$4.54 per share
Book Value
$22.79 per share

Miscellaneous

Free Float
30,274,000
Market Cap
$1.32 billion
Optionable
Optionable
Beta
0.57

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SBSI Stock - Frequently Asked Questions

Should I buy or sell Southside Bancshares stock right now?

1 Wall Street research 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 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.

What is Southside Bancshares' stock price forecast for 2022?

1 Wall Street research analysts have issued 12-month price targets for Southside Bancshares' stock. Their SBSI share price forecasts range from $41.00 to $43.00. On average, they predict the company's share price to reach $42.00 in the next twelve months. This suggests a possible upside of 0.7% 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 at the beginning of the year. Since then, SBSI stock has decreased by 0.3% and is now trading at $41.70.
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) announced its quarterly earnings results on Monday, July, 25th. The bank reported $0.79 EPS for the quarter, topping the consensus estimate 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 company earned $0.65 earnings per share.

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. Shareholders 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 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date 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 3.29%. 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.

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."

Who are Southside Bancshares' major shareholders?

Southside Bancshares' stock is owned by many different institutional and retail investors. Top institutional investors include State Street Corp (3.93%), Renaissance Technologies LLC (1.88%), Northern Trust Corp (1.28%), Victory Capital Management Inc. (0.97%), Millennium Management LLC (0.94%) and ProShare Advisors LLC (0.70%). 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.
View institutional ownership trends
.

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 $41.70.

How much money does Southside Bancshares make?

Southside Bancshares (NASDAQ:SBSI) has a market capitalization of $1.34 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.

When was Southside Bancshares founded?

Southside Bancshares was founded in 1960.

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 8/17/2022 by MarketBeat.com Staff

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