Southside Bancshares - SBSI Stock Forecast, Price & News

1 Wall Street 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 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.
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1 brokerages have issued 12-month target prices for Southside Bancshares' shares. Their SBSI share price forecasts range from $40.00 to $41.00. On average, they predict the company's share price to reach $40.50 in the next year. This suggests a possible upside of 2.2% from the stock's current price.
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Southside Bancshares' stock was trading at $35.99 at the beginning of the year. Since then, SBSI shares have increased by 10.1% and is now trading at $39.61.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023.
View our SBSI earnings forecast.

Southside Bancshares, Inc. (NASDAQ:SBSI) posted its quarterly earnings results on Monday, October, 25th. The bank reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.25. The bank earned $64.36 million during the quarter, compared to analyst estimates of $60.35 million. Southside Bancshares had a net margin of 35.74% and a trailing twelve-month return on equity of 14.27%. During the same period in the prior year, the firm posted $0.82 EPS.

Southside Bancshares declared a quarterly dividend on Thursday, February 2nd. Stockholders of record on Thursday, February 16th will be paid a dividend of $0.35 per share on Thursday, March 2nd. This represents a $1.40 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Wednesday, February 15th.
Read our dividend analysis for SBSI.

Southside Bancshares (NASDAQ:SBSI) pays an annual dividend of $1.36 per share and currently has a dividend yield of 3.43%. The company has been increasing its dividend for 28 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 41.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SBSI will have a dividend payout ratio of 41.21% 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 a number of retail and institutional investors. Top institutional investors include ProShare Advisors LLC (0.80%), Fisher Asset Management LLC (0.21%), Hamilton Point Investment Advisors LLC (0.18%), Naples Global Advisors LLC (0.07%), Yousif Capital Management LLC (0.06%) and Comerica Bank (0.06%). 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, Susan Elaine Anderson, Tony K Morgan 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 $39.61.

Southside Bancshares (NASDAQ:SBSI) has a market capitalization of $1.27 billion and generates $293.84 million in revenue each year. The bank earns $105.02 million in net income (profit) each year or $3.27 on an earnings per share basis.

The company employs 809 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.