NASDAQ:SBSISouthside Bancshares Stock Price, Forecast & News

$29.23

+0.30 (+1.04 %)

(As of 06/5/2020 04:00 PM ET)

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Today's Range

$28.58

Now: $29.23▼

$29.46

50-Day Range

$26.03

MA: $28.22▼

$32.20

52-Week Range

$23.74

Now: $29.23▼

$37.89

Volume122,400 shs

Average Volume185,089 shs

Market Capitalization$964.88 million

P/E Ratio16.61

Dividend Yield4.24%

Beta0.53

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 installment 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 trust services consisting of investment management, administration, and advisory services for individuals, partnerships, and corporations; safe deposit services; and brokerage services. The company operates through 59 branches and 40 motor bank facilities located in and around Arlington, Austin, Bullard, Chandler, Cleburne, Cleveland, Diboll, Euless, Flower Mound, Fort Worth, Frisco, Granbury, Grapevine, Gresham, Gun Barrel City, Hawkins, Hemphill, Irving, Jacksonville, Jasper, Lindale, Longview, Lufkin, Nacogdoches, Palestine, Pineland, San Augustine, Splendora, Tyler, Watauga, Weatherford, and Whitehouse; and a network of 83 automated teller machines, as well as wealth management and trust services, and/or loan production or other financial services offices. Southside Bancshares, Inc. was founded in 1960 and is headquartered in Tyler, Texas.

Beat the Market (BTM) Rank^™

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 $29.00, Southside Bancshares has a potential downside of 0.8% from its current price of $29.23.
Amount of Analyst Coverage
Southside Bancshares has only been the subject of 1 research reports in the past 90 days.

1.5 Community Rank

Outperform Votes
Southside Bancshares has received 167 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Southside Bancshares has received 395 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Southside Bancshares has received 70.28% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Southside Bancshares and other stocks. Vote “Outperform” if you believe SBSI will outperform the S&P 500 over the long term. Vote “Underperform” if you believe SBSI will underperform the S&P 500 over the long term. You may vote once every thirty days.

5.0 Dividend Strength

Dividend Leadership
Southside Bancshares is a leading dividend payer. It pays a dividend yield of 4.24%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Southside Bancshares has been increasing its dividend for 22 years.
Dividend Coverage
The dividend payout ratio of Southside Bancshares is 56.36 %. 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 64.58 % next year. This indicates that Southside Bancshares will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Southside Bancshares insiders have bought more of their company's stock than they have sold. Specifically, they have bought $65,250.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 5.20% of the stock of Southside Bancshares is held by insiders.
Percentage Held by Institutions
54.09% 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 28.00% in the coming year, from $1.50 to $1.92 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Southside Bancshares is 16.61, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.09.
Price to Earnings Ratio vs. Sector
The P/E ratio of Southside Bancshares is 16.61, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 16.66.
Price to Book Value per Share Ratio
Southside Bancshares has a P/B Ratio of 1.23. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.68 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry State commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNASDAQ:SBSI

Previous Symbol

CUSIP84470P10

CIK705432

Webwww.southside.com

Phone903-531-7111

Debt

Debt-to-Equity Ratio2.07

Current Ratio0.77

Quick Ratio0.77

Price-To-Earnings

Trailing P/E Ratio16.61

Forward P/E Ratio19.49

P/E GrowthN/A

Sales & Book Value

Annual Sales$283.15 million

Price / Sales3.41

Cash Flow$2.57 per share

Price / Cash Flow11.39

Book Value$23.83 per share

Price / Book1.23

Profitability

EPS (Most Recent Fiscal Year)$2.20

Net Income$74.55 million

Net Margins20.52%

Return on Equity7.56%

Return on Assets0.90%

Miscellaneous

Employees820

Outstanding Shares33,010,000

Market Cap$964.88 million

Next Earnings Date7/24/2020 (Estimated)

OptionableOptionable

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Southside Bancshares (NASDAQ:SBSI) Frequently Asked Questions

How has Southside Bancshares' stock been impacted by COVID-19 (Coronavirus)?

Southside Bancshares' stock was trading at $27.82 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SBSI shares have increased by 5.1% and is now trading at $29.23. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Southside Bancshares?

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, resulting in a consensus recommendation of "Hold." View analyst ratings for Southside Bancshares.

When is Southside Bancshares' next earnings date?

Southside Bancshares is scheduled to release its next quarterly earnings announcement on Friday, July 24th 2020. View our earnings forecast for Southside Bancshares.

How were Southside Bancshares' earnings last quarter?

Southside Bancshares, Inc. (NASDAQ:SBSI) posted its earnings results on Tuesday, May, 5th. The bank reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by $0.36. The bank had revenue of $62.50 million for the quarter, compared to analysts' expectations of $54.87 million. Southside Bancshares had a return on equity of 7.56% and a net margin of 20.52%. During the same period in the previous year, the company earned $0.56 earnings per share. View Southside Bancshares' earnings history.

How often does Southside Bancshares pay dividends? What is the dividend yield for Southside Bancshares?

Southside Bancshares declared a quarterly dividend on Thursday, May 7th. Investors of record on Thursday, May 21st will be paid a dividend of $0.31 per share on Thursday, June 4th. This represents a $1.24 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date is Wednesday, May 20th. View Southside Bancshares' dividend history.

What price target have analysts set for SBSI?

1 brokerages have issued 1-year price targets for Southside Bancshares' shares. Their forecasts range from $29.00 to $29.00. On average, they expect Southside Bancshares' stock price to reach $29.00 in the next year. This suggests that the stock has a possible downside of 0.8%. View analysts' price targets for Southside Bancshares.

Has Southside Bancshares been receiving favorable news coverage?

Media headlines about SBSI stock have been trending negative this week, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Southside Bancshares earned a media sentiment score of -2.7 on InfoTrie's scale. They also gave news coverage about the bank a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the near future. View the latest news aboutSouthside Bancshares.

Who are some of Southside Bancshares' key competitors?

Some companies that are related to Southside Bancshares include Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), SVB Financial Group (SIVB), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), Signature Bank (SBNY) and East West Bancorp (EWBC). View all competitors.

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 LP Unit (ET), AT&T (T), Anavex Life Sciences (AVXL), NGL Energy Partners (NGL), Range Resources (RRC), CytRx (CYTR), Ford Motor (F), SandRidge Permian Trust (PER), Pfizer (PFE) and ResMed (RMD).

Who are Southside Bancshares' key executives?

Southside Bancshares' management team includes the following people:

Mr. Lee R. Gibson III, CPA, CPA, Pres, CEO & Director (Age 62)
Ms. Julie N. Shamburger CPA, CPA, Sr. EVP & CFO (Age 56)
Mr. Brian K. McCabe, Sr. EVP & COO (Age 58)
Mr. Timothy F. Alexander, Chief Lending Officer (Age 62)
Ms. Lindsey Bibby, VP & Investor Relations Officer

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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (14.22%), State Street Corp (3.38%), Invesco Ltd. (3.00%), Handelsbanken Fonder AB (1.76%), Geode Capital Management LLC (1.54%) and Bank of New York Mellon Corp (1.40%). Company insiders that own Southside Bancshares stock include Brian K Mccabe, Donald W Thedford, John F Sammons, Jr, John Robert Garrett, Julie Shamburger, Timothy F Alexander and Tony K Morgan. View institutional ownership trends for Southside Bancshares.

Which major investors are selling Southside Bancshares stock?

SBSI stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Morgan Stanley, Morgan Stanley, Invesco Ltd., First Trust Advisors LP, Handelsinvest Investeringsforvaltning, Handelsbanken Fonder AB, and UBS Group AG. Company insiders that have sold Southside Bancshares company stock in the last year include Brian K Mccabe, and Julie Shamburger. View insider buying and selling activity for Southside Bancshares.

Which major investors are buying Southside Bancshares stock?

SBSI stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, Creative Planning, Geode Capital Management LLC, Nuveen Asset Management LLC, Pinz Capital Management LP, Parametric Portfolio Associates LLC, Magnus Financial Group LLC, and CWM Advisors LLC. 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.

How do I buy shares of 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.

What is Southside Bancshares' stock price today?

One share of SBSI stock can currently be purchased for approximately $29.23.

How big of a company is Southside Bancshares?

Southside Bancshares has a market capitalization of $964.88 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.

What is Southside Bancshares' official website?

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

How can I contact Southside Bancshares?

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]

This page was last updated on 6/6/2020 by MarketBeat.com Staff