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 (WHO). Since then, SBSI stock has decreased by 7.5% and is now trading at $25.72.
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2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Southside Bancshares in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Southside Bancshares.

Southside Bancshares is scheduled to release its next quarterly earnings announcement on Friday, October 23rd 2020.
View our earnings forecast for Southside Bancshares.

Southside Bancshares, Inc. (NASDAQ:SBSI) released its earnings results on Wednesday, July, 22nd. The bank reported $0.65 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.37 by $0.28. The bank had revenue of $62.48 million for the quarter, compared to analyst estimates of $56.35 million. Southside Bancshares had a return on equity of 7.86% and a net margin of 21.63%.
View Southside Bancshares' earnings history.

Southside Bancshares declared a quarterly dividend on Thursday, August 6th. Shareholders of record on Thursday, August 20th will be given a dividend of $0.31 per share on Thursday, September 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date of this dividend is Wednesday, August 19th.
View Southside Bancshares' dividend history.

2 analysts have issued 1 year target prices for Southside Bancshares' shares. Their forecasts range from $29.00 to $30.00. On average, they anticipate Southside Bancshares' share price to reach $29.50 in the next year. This suggests a possible upside of 14.7% from the stock's current price.
View analysts' price targets for Southside Bancshares.

Southside Bancshares saw a decline in short interest in the month of August. As of August 14th, there was short interest totaling 1,130,000 shares, a decline of 12.4% from the July 30th total of 1,290,000 shares. Based on an average daily volume of 154,300 shares, the short-interest ratio is presently 7.3 days. Approximately 3.6% of the shares of the stock are short sold.
View Southside Bancshares' Short Interest.

Some companies that are related to Southside Bancshares include Truist Financial (TFC), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), SVB Financial Group (SIVB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Zions Bancorporation NA (ZION), East West Bancorp (EWBC), Signature Bank (SBNY), Prosperity Bancshares (PB) and Cullen/Frost Bankers (CFR).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Southside Bancshares investors own include Energy Transfer LP Unit (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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (6.17%), Bank of New York Mellon Corp (1.35%), ProShare Advisors LLC (0.76%), Principal Financial Group Inc. (0.70%), Principal Financial Group Inc. (0.70%) and Charles Schwab Investment Management Inc. (0.63%). 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 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 Handelsbanken Fonder AB, ProShare Advisors LLC, Goldman Sachs Group Inc., Vanguard Group Inc., Bank of New York Mellon Corp, Principal Financial Group Inc., Principal Financial Group Inc., and Prudential Financial Inc.. Company insiders that have sold Southside Bancshares company stock in the last year include Brian K Mccabe, Julie Shamburger, and Lawrence Lazelle Anderson.
View insider buying and selling activity for Southside Bancshares.

SBSI stock was acquired by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Cubist Systematic Strategies LLC, TD Asset Management Inc., Balyasny Asset Management LLC, Tudor Investment Corp Et Al, Nuveen Asset Management LLC, Swiss National Bank, and Charles Schwab Investment Management Inc.. Company insiders that have bought Southside Bancshares stock in the last two years include Donald W Thedford, John F Sammons, Jr, John Robert Garrett, and Tony K Morgan.
View insider buying and selling activity for 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of SBSI stock can currently be purchased for approximately $25.72.

Southside Bancshares has a market capitalization of $849.61 million 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 820 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]