NASDAQ:SBSI

Southside Bancshares - SBSI Stock Forecast, Price & News

$40.77

-0.42 (-1.02%)

(As of 08/19/2022 12:00 AM ET)

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Today's Range: $40.47
▼
$41.14
50-Day Range: $36.20
▼
$41.70
52-Week Range: $35.44
▼
$45.36

Volume: 103,867 shs
Average Volume: 93,095 shs
Market Capitalization: $1.31 billion

P/E Ratio: 12.21
Dividend Yield: 3.30%
Price Target: $42.00

Southside Bancshares MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 3.0% 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: 0.31
Based on 3 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.

1.92 out of 5 stars

Finance Sector

706th out of 896 stocks

State Commercial Banks Industry

162nd out of 187 stocks

1.0

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 3.0% from its current price of $40.77.
Amount of Analyst Coverage
Southside Bancshares has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
3.38% 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 11.1, which indicates bearish sentiment.
Change versus previous month
Short interest in Southside Bancshares has recently decreased by 0.96%, indicating that investor sentiment is improving.

4.2

Dividend Strength

Dividend Yield
Southside Bancshares pays a meaningful dividend of 3.30%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Southside Bancshares has been increasing its dividend for 29 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.

1.3

News and Social Media Coverage

News Sentiment
Southside Bancshares has a news sentiment score of 0.31. 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 0.80 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 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
Only 2 people have added Southside Bancshares to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 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
51.25% 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 12.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.18.
Price to Earnings Ratio vs. Sector
The P/E ratio of Southside Bancshares is 12.21, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 208.76.
Price to Book Value per Share Ratio
Southside Bancshares has a P/B Ratio of 1.79. 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.

Southside Bancshares Stock Up 0.0 %

Shares of Southside Bancshares stock opened at $41.19 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.64 and a current ratio of 0.64. The business's 50 day simple moving average is $38.36 and its 200 day simple moving average is $39.74. The firm has a market cap of $1.32 billion, a PE ratio of 12.33 and a beta of 0.57. Southside Bancshares has a 52-week low of $35.44 and a 52-week high of $45.36.

Southside Bancshares (NASDAQ:SBSI - Get Rating) last posted its quarterly earnings results on Monday, July 25th. The bank reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.03. Southside Bancshares had a return on equity of 13.17% and a net margin of 40.84%. During the same period in the prior year, the business earned $0.65 earnings per share. On average, analysts predict that Southside Bancshares will post 3.45 earnings per share for the current fiscal year.

Southside Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $1.36 dividend on an annualized basis and a yield of 3.30%. Southside Bancshares's dividend payout ratio is 40.72%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Piper Sandler dropped their target price on Southside Bancshares to $41.00 in a research report on Monday, July 4th. Stephens lifted their target price on Southside Bancshares to $43.00 in a research report on Tuesday, July 26th.

Insider Buying and Selling at Southside Bancshares

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

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SBSI Stock News Headlines

August 15, 2022 | americanbankingnews.com

Southside Bancshares, Inc. (SBSI) To Go Ex-Dividend on August 17th

August 14, 2022 | nasdaq.com

Southside Bancshares Breaks Above 200-Day Moving Average - Bullish for SBSI

August 13, 2022 | finance.yahoo.com

Southside Bancshares, Inc. (NASDAQ:SBSI) Passed Our Checks, And It's About To Pay A US$0.34 Dividend

August 12, 2022 | msn.com

Southside Bancshares Ex-Dividend Date Is Wednesday, Here's What You Need To Know

August 11, 2022 | finance.yahoo.com

What Kind Of Shareholders Hold The Majority In Southside Bancshares, Inc.'s (NASDAQ:SBSI) Shares?

August 7, 2022 | americanbankingnews.com

Southside Bancshares, Inc. (NASDAQ:SBSI) Insider Sells $79,077.20 in Stock

July 29, 2022 | americanbankingnews.com

Southside Bancshares (NASDAQ:SBSI) Price Target Raised to $43.00

July 27, 2022 | finance.yahoo.com

Southside Bancshares (SBSI) Upgraded to Strong Buy: Here's Why

July 22, 2022 | msn.com

Earnings Preview: Southside Bancshares

July 14, 2022 | bizjournals.com

Atlanta Southside leaders aim for sustainable growth as investments, population swell

July 12, 2022 | msn.com

One dead, 2 injured in Southside Richmond shooting

July 11, 2022 | finance.yahoo.com

Southside Bancshares, Inc. Announces Second Quarter Earnings Call

July 11, 2022 | uk.finance.yahoo.com

Petition launched to ban fireworks in Southside neighbourhood

July 9, 2022 | msn.com

One person hospitalized after argument escalates into gunfire at Southside apartment

July 8, 2022 | msn.com

Woman expected to be OK after shooting on Jacksonville's Southside

July 7, 2022 | msn.com

Southside Neighborhood Organization shows 'significant interest' in Ashe St. Courthouse

July 7, 2022 | bizjournals.com

Southside apartment complex sold for more than $21 million

July 6, 2022 | msn.com

Bon Secours Southside Medical Center launches new behavioral health partial hospital

July 4, 2022 | msn.com

Florida Buildings I Love, No. 12: Southside School, 1926, Sarasota

July 2, 2022 | msn.com

Southside Johnny, Asbury Jukes postpones July 4th weekend show at Stone Pony Summer Stage

July 2, 2022 | msn.com

Glasgow teenager hit by car as police probe horror crash in Southside

June 30, 2022 | msn.com

COVID-19 vaccines available for young children in Southside Virginia

June 28, 2022 | msn.com

Original Burbank High School campus set for a sentimental Southside sendoff

June 25, 2022 | msn.com

Investigators looking into a fire on the Southside of town

June 24, 2022 | msn.com

Salute to Seniors: Southside ISD, Medina Valley ISD, Fort Sam Houston ISD, & Judson ISD

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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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
Ex-Dividend for 9/1 Dividend: 8/17/2022
Today: 8/19/2022
Dividend Payable: 9/01/2022
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: +3.0%
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: 12.21
Forward P/E Ratio: 11.82
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: 4.93
Cash Flow: $4.52 per share
Price / Cash Flow: 9.02
Book Value: $22.79 per share
Price / Book: 1.79

Miscellaneous

Outstanding Shares: 32,104,000
Free Float: 30,274,000
Market Cap: $1.31 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

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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 analysts have issued 12-month target prices for Southside Bancshares' shares. 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 2.0% 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 start of the year. Since then, SBSI shares have decreased by 1.5% and is now trading at $41.19.
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) issued its earnings results on Monday, July, 25th. The bank reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.03. Southside Bancshares had a trailing twelve-month return on equity of 13.17% and a net margin of 40.84%. During the same quarter last year, the business 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. Shareholders of record on Thursday, August 18th will be given a dividend of $0.34 per share on Thursday, September 1st. This represents a $1.36 annualized dividend and a yield of 3.30%. 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 3.30%. 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 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."
Who are Southside Bancshares' major shareholders?: Southside Bancshares' stock is owned by a variety of retail and institutional 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 $41.19.
How much money does Southside Bancshares make?: Southside Bancshares (NASDAQ:SBSI) has a market capitalization of $1.32 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 8/19/2022 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