Southside Bancshares Stock Forecast, Price & News

2 Wall Street 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 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 top-rated stocks.

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 Tuesday, May 4th 2021.
View our earnings forecast for Southside Bancshares.

Southside Bancshares, Inc. (NASDAQ:SBSI) released its quarterly earnings data on Tuesday, January, 26th. The bank reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.25. The bank had revenue of $62.80 million for the quarter, compared to analysts' expectations of $60.40 million. Southside Bancshares had a net margin of 24.55% and a trailing twelve-month return on equity of 8.68%. The firm's quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the business posted $0.51 earnings per share.
View Southside Bancshares' earnings history.

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 shares have increased by 38.4% and is now trading at $38.49.
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Southside Bancshares announced a quarterly dividend on Thursday, February 4th. Investors of record on Thursday, February 18th will be paid a dividend of $0.32 per share on Thursday, March 4th. This represents a $1.28 annualized dividend and a dividend yield of 3.33%. The ex-dividend date is Wednesday, February 17th. This is an increase from Southside Bancshares's previous quarterly dividend of $0.31.
View Southside Bancshares' dividend history.

Southside Bancshares pays an annual dividend of $1.28 per share and currently has a dividend yield of 3.48%. Southside Bancshares has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. 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 56.39% 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 price objectives 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 that the stock has a possible downside of 23.4%.
View analysts' price targets for Southside Bancshares or view top-rated stocks among Wall Street analysts.

17 employees have rated Southside Bancshares CEO Lee R. Gibson on Glassdoor.com. Lee R. Gibson has an approval rating of 53% among Southside Bancshares' employees. This puts Lee R. Gibson in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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), Regions Financial (RF), KeyCorp (KEY), Huntington Bancshares (HBAN), Signature Bank (SBNY), East West Bancorp (EWBC), Western Alliance Bancorporation (WAL), First Horizon (FHN), Zions Bancorporation, National Association (ZION) and Commerce Bancshares (CBSH).
View all of SBSI's competitors.

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 BlackRock Inc. (14.59%), Dimensional Fund Advisors LP (4.21%), Renaissance Technologies LLC (2.79%), Northern Trust Corp (1.72%), Bank of New York Mellon Corp (1.25%) and ProShare Advisors LLC (0.90%). 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, Lee R Gibson, 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 Renaissance Technologies LLC, Dimensional Fund Advisors LP, Squarepoint Ops LLC, Bank of New York Mellon Corp, Dynamic Technology Lab Private Ltd, Northern Trust Corp, Creative Planning, and Principal Financial Group Inc.. Company insiders that have sold Southside Bancshares company stock in the last year include Julie Shamburger, Lawrence Lazelle Anderson, and Lee R Gibson.
View insider buying and selling activity for Southside Bancshares or view top insider-selling stocks.

SBSI stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., JPMorgan Chase & Co., Morgan Stanley, First Trust Advisors LP, GSA Capital Partners LLP, ProShare Advisors LLC, HighTower Advisors LLC, and Alliancebernstein L.P.. Company insiders that have bought Southside Bancshares stock in the last two years include Donald W Thedford, John F Sammons, Jr, John Robert Garrett, Shannon Dacus, and Tony K Morgan.
View insider buying and selling activity for Southside Bancshares or or view top insider-buying 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.
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One share of SBSI stock can currently be purchased for approximately $38.49.

Southside Bancshares has a market capitalization of $1.26 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 832 workers across the globe.

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

Southside Bancshares is headquartered at 1201 S. BECKHAM AVENUE, TYLER TX, 75701.

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]