Southside Bancshares Stock Forecast, Price & News

Southside Bancshares' stock was trading at $27.82 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SBSI stock has increased by 19.5% and is now trading at $33.25.
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2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Southside Bancshares in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities 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 MarketBeat's top 5 stock picks.

Wall Street analysts have given Southside Bancshares a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Southside Bancshares wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Southside Bancshares is scheduled to release its next quarterly earnings announcement on Friday, January 29th 2021.
View our earnings forecast for Southside Bancshares.

Southside Bancshares, Inc. (NASDAQ:SBSI) released its earnings results on Friday, October, 23rd. The bank reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.56 by $0.26. The bank had revenue of $60.75 million for the quarter, compared to analysts' expectations of $60.85 million. Southside Bancshares had a net margin of 21.63% and a return on equity of 7.86%. The firm's quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.58 EPS.
View Southside Bancshares' earnings history.

Southside Bancshares announced a None dividend on Tuesday, November 10th. Stockholders of record on Wednesday, November 25th will be given a dividend of $0.37 per share on Thursday, December 10th. This represents a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, November 24th. This is a boost from Southside Bancshares's previous None dividend of $0.34.
View Southside Bancshares' dividend history.

Southside Bancshares pays an annual dividend of $1.28 per share and currently has a dividend yield of 3.84%. Southside Bancshares has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strock track record of dividend growth. The dividend payout ratio of Southside Bancshares is 58.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Southside Bancshares will have a dividend payout ratio of 60.09% next year. This indicates that Southside Bancshares will be able to sustain or increase its dividend.
View Southside Bancshares' dividend history.

2 brokers have issued 12 month target prices for Southside Bancshares' stock. Their forecasts range from $29.00 to $30.00. On average, they expect Southside Bancshares' share price to reach $29.50 in the next twelve months. This suggests that the stock has a possible downside of 11.3%.
View analysts' price targets for Southside Bancshares or view Wall Street analyst' top-rated stocks.

Some companies that are related to Southside Bancshares include Truist Financial (TFC), The PNC Financial Services Group (PNC), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), East West Bancorp (EWBC), First Horizon (FHN), Signature Bank (SBNY), Commerce Bancshares (CBSH), Zions Bancorporation, National Association (ZION) and Western Alliance Bancorporation (WAL).
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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).

Southside Bancshares trades on the NASDAQ under the ticker symbol "SBSI."

Southside Bancshares' stock is owned by a variety of retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.07%). Company insiders that own Southside Bancshares stock include Brian K Mccabe, Donald W Thedford, John F Sammons, Jr, John Robert Garrett, Julie Shamburger, Lawrence Lazelle Anderson, Shannon Dacus and Tony K Morgan.
View institutional ownership trends for Southside Bancshares.

SBSI stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. Company insiders that have sold Southside Bancshares company stock in the last year include Julie Shamburger, and Lawrence Lazelle Anderson.
View insider buying and selling activity for Southside Bancshares or view top insider-selling stocks.

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.

One share of SBSI stock can currently be purchased for approximately $33.25.

Southside Bancshares has a market capitalization of $1.10 billion and generates $283.15 million in revenue each year. The bank earns $74.55 million in net income (profit) each year or $2.20 on an earnings per share basis. Southside Bancshares employs 845 workers across the globe.

The official website for Southside Bancshares is www.southside.com.

Southside Bancshares' mailing address is 1201 S. BECKHAM AVENUE, TYLER TX, 75701. The bank can be reached via phone at 903-531-7111 or via email at [email protected]