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NASDAQ:SBSI

Southside Bancshares (SBSI) Stock Forecast, Price & News

$39.43
+1.35 (+3.55%)
(As of 05/17/2022 04:00 PM ET)
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Today's Range
$38.60
$39.48
50-Day Range
$38.08
$42.14
52-Week Range
$34.52
$45.36
Volume
84,160 shs
Average Volume
96,353 shs
Market Capitalization
$1.27 billion
P/E Ratio
12.32
Dividend Yield
3.57%
Beta
0.54
30 days | 90 days | 365 days | Advanced Chart
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Southside Bancshares logo

About Southside Bancshares

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.

Headlines

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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

Sales & Book Value

Annual Sales
$265.32 million
Cash Flow
$4.69 per share
Book Value
$28.26 per share

Profitability

Net Income
$113.40 million
Pretax Margin
45.72%

Debt

Price-To-Earnings

Miscellaneous

Free Float
30,291,000
Market Cap
$1.27 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 3/3 Dividend
2/16/2022
Dividend Payable
3/03/2022
Last Earnings
4/26/2022
Today
5/17/2022
Ex-Dividend for 6/2 Dividend
5/18/2022
Dividend Payable
6/02/2022
Next Earnings (Estimated)
7/22/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

2.41 out of 5 stars

Finance Sector

478th out of 1,377 stocks

State Commercial Banks Industry

113th out of 239 stocks

Analyst Opinion: 1.0Community Rank: 2.9Dividend Strength: 5.0Insider Behavior: 2.5Valuation: 0.6 5 -4 -3 -2 -1 -













Southside Bancshares (NASDAQ:SBSI) Frequently Asked Questions

Is Southside Bancshares a buy right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Southside Bancshares in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Southside Bancshares stock. 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 analyst ratings for Southside Bancshares
or view top-rated stocks.

When is Southside Bancshares' next earnings date?

Southside Bancshares is scheduled to release its next quarterly earnings announcement on Friday, July 22nd 2022.
View our earnings forecast for Southside Bancshares
.

How were Southside Bancshares' earnings last quarter?

Southside Bancshares, Inc. (NASDAQ:SBSI) released its earnings results on Tuesday, April, 26th. The bank reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.10. The bank had revenue of $59.63 million for the quarter, compared to analyst estimates of $62.50 million. Southside Bancshares had a trailing twelve-month return on equity of 12.09% and a net margin of 39.70%. During the same period in the previous year, the firm posted $1.06 EPS.
View Southside Bancshares' earnings history
.

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

Southside Bancshares declared a quarterly dividend on Thursday, May 5th. Investors of record on Thursday, May 19th will be given a dividend of $0.34 per share on Thursday, June 2nd. This represents a $1.36 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend is Wednesday, May 18th.
View Southside Bancshares' dividend history
.

Is Southside Bancshares a good dividend stock?

Southside Bancshares pays an annual dividend of $1.36 per share and currently has a dividend yield of 3.57%. Southside Bancshares 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 of Southside Bancshares is 42.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Southside Bancshares will have a dividend payout ratio of 42.24% next year. This indicates that Southside Bancshares will be able to sustain or increase its dividend.
View Southside Bancshares' dividend history.

What price target have analysts set for SBSI?

2 analysts have issued 1-year price objectives for Southside Bancshares' stock. Their forecasts range from $34.82 to $45.00. On average, they anticipate Southside Bancshares' stock price to reach $39.91 in the next twelve months. This suggests a possible upside of 1.2% from the stock's current price.
View analysts' price targets for Southside Bancshares
or view top-rated stocks among Wall Street analysts.

Who are Southside Bancshares' key executives?
Southside Bancshares' management team includes the following people:
  • Mr. Lee R. Gibson III, CPA, CPA, Pres, CEO & Director (Age 65, Pay $1.14M) (LinkedIn Profile)
  • Ms. Julie N. Shamburger CPA, CPA, Chief Financial Officer (Age 59, Pay $631.17k) (LinkedIn Profile)
  • Mr. Brian K. McCabe, Chief Operations Officer (Age 61, Pay $486.55k) (LinkedIn Profile)
  • Mr. T. L. Arnold Jr., Chief Credit Officer (Age 58, Pay $478.31k)
  • Lindsey Bailes CPA, VP & Investor Relations Officer
  • Vonna Crowley, Sr. VP & Compliance Officer
  • Mr. Tim H. Carter, Exec. VP (Age 67)
  • Ms. Suni Davis CPA, Chief Risk Officer (Age 46)
  • Mr. Joe C. Denman III, Exec. VP
  • Anne Martinez, Exec. VP & Sr. Loan Review Officer
What is Lee R. Gibson's approval rating as Southside Bancshares' CEO?

17 employees have rated Southside Bancshares CEO Lee R. Gibson on Glassdoor.com. Lee R. Gibson has an approval rating of 53% among Southside Bancshares' 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 a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.81%), Vanguard Group Inc. (7.34%), State Street Corp (3.98%), Dimensional Fund Advisors LP (3.93%), Renaissance Technologies LLC (1.83%) and Northern Trust Corp (1.29%). Company insiders that own Southside Bancshares stock include Brian K Mccabe, Cindy Blackstone, Donald W Thedford, Emily S Moore, Herbert C Buie, Jared C Green, 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 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 Hsbc Holdings PLC, MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income, Bank of Montreal Can, Assenagon Asset Management S.A., Northern Trust Corp, Renaissance Technologies LLC, Vanguard Group Inc., and PEAK6 Investments LLC. Company insiders that have sold Southside Bancshares company stock in the last year include Brian K Mccabe, Cindy Blackstone, Julie Shamburger, and Lee R Gibson.
View insider buying and selling activity for Southside Bancshares
or view top insider-selling stocks.

Which major investors are buying Southside Bancshares stock?

SBSI stock was acquired by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., BlackRock Inc., State Street Corp, ProShare Advisors LLC, Fisher Asset Management LLC, JPMorgan Chase & Co., Dimensional Fund Advisors LP, and Goldman Sachs Group Inc.. Company insiders that have bought Southside Bancshares stock in the last two years include Donald W Thedford, Herbert C Buie, John Robert Garrett, Shannon Dacus, Tony K Morgan, and William Sheehy.
View insider buying and selling activity for Southside Bancshares
or or view top insider-buying stocks.

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 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 $39.43.

How much money does Southside Bancshares make?

Southside Bancshares 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 $3.199990 on an earnings per share basis.

How many employees does Southside Bancshares have?

Southside Bancshares employs 809 workers across the globe.

When was Southside Bancshares founded?

Southside Bancshares was founded in 1960.

What is Southside Bancshares' official website?

The official website for Southside Bancshares is 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, via email at [email protected], or via fax at 903-592-3692.

This page was last updated on 5/17/2022 by MarketBeat.com Staff

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