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 analysts have issued 1 year target prices for Southside Bancshares' shares. Their SBSI share price forecasts range from $40.00 to $41.00. On average, they expect the company's stock price to reach $40.50 in the next twelve months. This suggests a possible upside of 18.7% from the stock's current price.
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Southside Bancshares' stock was trading at $35.99 at the beginning of 2023. Since then, SBSI stock has decreased by 5.2% and is now trading at $34.13.
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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) issued its earnings results on Monday, October, 25th. The bank reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.25. The bank earned $64.36 million during the quarter, compared to the consensus estimate of $60.35 million. Southside Bancshares had a trailing twelve-month return on equity of 14.27% and a net margin of 35.74%. During the same period in the previous year, the firm earned $0.82 EPS.

Southside Bancshares declared a quarterly dividend on Thursday, February 2nd. Stockholders of record on Thursday, February 16th will be given a dividend of $0.35 per share on Thursday, March 2nd. This represents a $1.40 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend is Wednesday, February 15th.
Read our dividend analysis for SBSI.

ETFs with the largest weight of Southside Bancshares (NASDAQ:SBSI) stock in their portfolio include VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), ProShares Russell 2000 Dividend Growers ETF (SMDV), ETC 6 Meridian Small Cap Equity ETF (SIXS), First Trust NASDAQ ABA Community Bank Index Fund (QABA), Invesco S&P SmallCap Financials ETF (PSCF), SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV), ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL) and iShares US Small Cap Value Factor ETF (SVAL).

Southside Bancshares (NASDAQ:SBSI) pays an annual dividend of $1.40 per share and currently has a dividend yield of 4.23%. SBSI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 42.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SBSI will have a dividend payout ratio of 42.42% 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 shareholders include Dimensional Fund Advisors LP (3.99%), Renaissance Technologies LLC (1.82%), Geode Capital Management LLC (1.80%), Gibson Wealth Advisors LLC (1.73%), Charles Schwab Investment Management Inc. (0.97%) and Victory Capital Management Inc. (0.88%). 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 $34.13.

Southside Bancshares (NASDAQ:SBSI) has a market capitalization of $1.07 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.