About Southside Bancshares (NASDAQ:SBSI)
Southside Bancshares, Inc. (Southside) is a bank holding company for Southside Bank (the Bank). The Company is a community-focused financial institution that offers a range of financial services to individuals, businesses, municipal entities, and nonprofit organizations in the communities. These services include consumer and commercial loans, deposit accounts, trust services, safe deposit services and brokerage services. As of December 31, 2016, the Company operated through 60 banking centers, 17 of which are located in grocery stores. The Company offers a range of deposit accounts with a range of interest rates and terms, including savings, money market, interest and non-interest bearing checking accounts and certificates of deposit (CDs).
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Banks
- Sub-Industry: Regional Banks
- Symbol: NASDAQ:SBSI
- CUSIP: 84470P10
- Web: www.southside.com
Capitalization:- Market Cap: $1.08191 billion
- Outstanding Shares: 29,343,000
Average Prices:- 50 Day Moving Avg: $34.90
- 200 Day Moving Avg: $34.08
- 52 Week Range: $30.47 - $38.08
P/E:- Trailing P/E Ratio: 19.42
- Foreward P/E Ratio: 15.89
- P/E Growth: 8.90
Sales & Book Value:- Annual Revenue: $170.55 million
- Price / Sales: 6.34
- Book Value: $18.64 per share
- Price / Book: 1.98
Dividend:- Annual Dividend: $1.12
- Dividend Yield: 3.0%
Profitability:- Net Margins: 25.30%
- Return on Equity: 10.42%
- Return on Assets: 0.97%
Debt:- Debt-to-Equity Ratio: 0.59%
- Current Ratio: 0.61%
- Quick Ratio: 0.61%
Misc:- Average Volume: 88,017 shs.
- Beta: 0.81
- Short Ratio: 17.95
Frequently Asked Questions for Southside Bancshares (NASDAQ:SBSI)
What is Southside Bancshares' stock symbol?
Southside Bancshares trades on the NASDAQ under the ticker symbol "SBSI."
How often does Southside Bancshares pay dividends? What is the dividend yield for Southside Bancshares?
Southside Bancshares declared a quarterly dividend on Friday, August 4th. Shareholders of record on Thursday, August 17th will be paid a dividend of $0.28 per share on Thursday, August 31st. This represents a $1.12 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Tuesday, August 15th. This is a boost from Southside Bancshares's previous quarterly dividend of $0.27. View Southside Bancshares' Dividend History.
How were Southside Bancshares' earnings last quarter?
Southside Bancshares, Inc. (NASDAQ:SBSI) released its quarterly earnings data on Friday, July, 28th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.53 by $0.04. The firm earned $44.72 million during the quarter, compared to the consensus estimate of $50.40 million. Southside Bancshares had a net margin of 25.30% and a return on equity of 10.42%. View Southside Bancshares' Earnings History.
When will Southside Bancshares make its next earnings announcement?
Where is Southside Bancshares' stock going? Where will Southside Bancshares' stock price be in 2017?
2 brokers have issued 12-month price targets for Southside Bancshares' shares. Their forecasts range from $37.00 to $37.00. On average, they anticipate Southside Bancshares' share price to reach $37.00 in the next year. View Analyst Ratings for Southside Bancshares.
Who are some of Southside Bancshares' key competitors?
Some companies that are related to Southside Bancshares include Astoria Financial Corporation (AF), Capital Bank Financial Corp. (CBF), Close Brothers Group plc (CBG), First Merchants Corporation (FRME), Renasant Corporation (RNST), Flagstar Bancorp (FBC), Banner Corporation (BANR), Capitol Federal Financial (CFFN), Simmons First National Corporation (SFNC), Cadence Bancorp (CADE), LegacyTexas Financial Group (LTXB), Grupo Supervielle SA -ADR (SUPV), Northwest Bancshares (NWBI), BancFirst Corporation (BANF), Ameris Bancorp (ABCB), WesBanco (WSBC), BofI Holding (BOFI) and First Financial Bancorp. (FFBC).
Who are Southside Bancshares' key executives?
Southside Bancshares' management team includes the folowing people:
- Joe Norton, Chairman of the Board
- Lee R. Gibson CPA, President, Chief Executive Officer, Director
- John Robert Garrett, Vice Chairman of the Board
- Julie N. Shamburger CPA, Chief Financial Officer, Senior Executive Vice President
- Tim Carter, Executive Vice President - Customer Development and Retention
- Brian K. McCabe, Chief Operating Officer, Senior Executive Vice President
- Earl W. Clawater III, Executive Officer
- Tim Alexander, Chief Lending Officer
- Peter M. Boyd, Regional President, Central Texas of Southside Bank
- Billie G. Hartley, Chairman Emeritus
Who owns Southside Bancshares stock?
Southside Bancshares' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Tributary Capital Management LLC (1.79%) and Fisher Asset Management LLC (0.25%). Company insiders that own Southside Bancshares stock include Alton Cade Jr, Brian K Mccabe, John Robert Garrett, Julie Shamburger, Lee R Gibson, Melvin B Lovelady, Patricia Ann Callan, Peter M Boyd, Preston L Smith, Susan Elaine Anderson and Tim Carter. View Institutional Ownership Trends for Southside Bancshares.
Who sold Southside Bancshares stock? Who is selling Southside Bancshares stock?
Southside Bancshares' stock was sold by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC and Tributary Capital Management LLC. Company insiders that have sold Southside Bancshares stock in the last year include Alton Cade Jr, Brian K Mccabe, Patricia Ann Callan and Tim Carter. View Insider Buying and Selling for Southside Bancshares.
How do I buy Southside Bancshares stock?
Shares of Southside Bancshares can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Southside Bancshares' stock price today?
One share of Southside Bancshares stock can currently be purchased for approximately $36.87.
MarketBeat Community Rating for Southside Bancshares (NASDAQ SBSI)MarketBeat's community ratings are surveys of what our community members think about Southside Bancshares and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Southside Bancshares (NASDAQ:SBSI) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 2 Hold Ratings |
| Consensus Rating: | Hold (Score: 2.00) |
| Consensus Price Target: | $37.00 (0.35% upside) |
Consensus Price Target History for Southside Bancshares (NASDAQ:SBSI)
Analysts' Ratings History for Southside Bancshares (NASDAQ:SBSI)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 10/3/2017 | Keefe, Bruyette & Woods | Reiterated Rating | Hold | $37.00 | Low |  |
| 9/22/2017 | Piper Jaffray Companies | Initiated Coverage | Neutral -> Neutral | $37.00 | Low | |
(Data available from 10/23/2015 forward)
Earnings History for Southside Bancshares (NASDAQ:SBSI)Earnings History by Quarter for Southside Bancshares (NASDAQ SBSI)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/26/2017 | | $0.54 | | | | | N/A | |
| 7/28/2017 | Q2 2017 | $0.53 | $0.49 | $50.40 million | $44.72 million | View | N/A | |
| 4/28/2017 | Q1 2017 | $0.48 | $0.52 | $48.40 million | $44.95 million | View | N/A | |
| 10/28/2016 | Q3 | $0.54 | $0.49 | $49.20 million | $45.66 million | View | Listen | |
| 7/29/2016 | Q2 | $0.50 | $0.43 | $48.20 million | $43.75 million | View | Listen | |
| 4/29/2016 | Q1 | $0.44 | $0.54 | $47.50 million | $48.21 million | View | Listen | |
| 1/29/2016 | Q4 | $0.49 | $0.46 | $46.50 million | $43.51 million | View | Listen | |
| 10/30/2015 | | $0.51 | $0.47 | $47.50 million | $42.40 million | View | N/A | |
| 7/23/2015 | Q2 | $0.49 | $0.44 | $47.70 million | $41.32 million | View | N/A | |
| 3/2/2015 | | $0.53 | $0.57 | | $32.50 million | View | N/A | |
| 10/24/2014 | Q3 | $0.53 | $0.32 | | $30.74 million | View | N/A | |
| 7/24/2014 | | $0.53 | $0.55 | | $34.37 million | View | N/A | |
| 2/10/2014 | Q4 | $0.42 | $0.72 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Southside Bancshares (NASDAQ:SBSI)2017 EPS Consensus Estimate: $2.12
2018 EPS Consensus Estimate: $2.37
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 1 | $0.48 | $0.48 | $0.48 |
| Q2 2017 | 1 | $0.53 | $0.53 | $0.53 |
| Q3 2017 | 1 | $0.55 | $0.55 | $0.55 |
| Q4 2017 | 1 | $0.56 | $0.56 | $0.56 |
| Q1 2018 | 1 | $0.55 | $0.55 | $0.55 |
| Q2 2018 | 1 | $0.59 | $0.59 | $0.59 |
| Q3 2018 | 1 | $0.61 | $0.61 | $0.61 |
| Q4 2018 | 1 | $0.62 | $0.62 | $0.62 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Southside Bancshares (NASDAQ:SBSI)| Most Recent Dividend: | 8/31/2017 |
| Annual Dividend: | $1.12 |
| Dividend Yield: | 3.04% |
| Dividend Growth: | 5.80% (3 Year Average) |
| Payout Ratio: | 59.11% (Trailing 12 Months of Earnings)
53.33% (Based on This Year's Estimates)
48.28% (Based on Next Year's Estimates)
|
| Track Record: | 19 Years of Consecutive Dividend Growth |
Dividend History by Quarter for Southside Bancshares (NASDAQ SBSI)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 8/4/2017 | quarterly | $0.28 | 3.27% | 8/15/2017 | 8/17/2017 | 8/31/2017 |
| 5/5/2017 | quarterly | $0.27 | 3.04% | 5/16/2017 | 5/18/2017 | 6/1/2017 |
| 2/14/2017 | quarterly | $0.25 | 2.83% | 2/15/2017 | 2/23/2017 | 3/9/2017 |
| 11/4/2016 | quarterly | $0.25 | 3.15% | 11/15/2016 | 11/17/2016 | 12/1/2016 |
| 8/5/2016 | quarterly | $0.24 | 3.02% | 8/16/2016 | 8/18/2016 | 9/1/2016 |
| 5/6/2016 | quarterly | $0.23 | 3.13% | 5/17/2016 | 5/19/2016 | 6/2/2016 |
| 2/12/2016 | quarterly | $0.23 | 3.93% | 2/23/2016 | 2/25/2016 | 3/10/2016 |
| 11/9/2015 | quarterly | $0.23 | 3.23% | 11/17/2015 | 11/19/2015 | 12/3/2015 |
| 8/7/2015 | quarterly | $0.23 | 3.36% | 8/18/2015 | 8/20/2015 | 9/3/2015 |
| 5/8/2015 | quarterly | $0.23 | 3.39% | 5/19/2015 | 5/21/2015 | 6/4/2015 |
| 2/13/2015 | quarterly | $0.23 | 3.13% | 2/24/2015 | 2/26/2015 | 3/12/2015 |
| 11/6/2014 | quarterly | $0.22 | 2.63% | 11/18/2014 | 11/20/2014 | 12/4/2014 |
| 8/7/2014 | quarterly | $0.22 | 2.96% | 8/19/2014 | 8/21/2014 | 9/4/2014 |
| 5/8/2014 | quarterly | $0.21 | 3.11% | 5/20/2014 | 5/22/2014 | 6/5/2014 |
| 3/20/2014 | quarterly | $0.21 | | | 4/10/2014 | 5/1/2014 |
| 2/13/2014 | quarterly | $0.21 | 2.88% | 2/25/2014 | 2/27/2014 | 3/13/2014 |
| 11/8/2013 | special | $0.10 | 3.13% | 11/19/2013 | 11/21/2013 | 12/6/2013 |
| 11/7/2013 | quarterly | $0.21 | 3.13% | 11/19/2013 | 11/21/2013 | 12/6/2013 |
| 8/8/2013 | quarterly | $0.20 | 3.15% | 8/20/2013 | 8/22/2013 | 9/5/2013 |
| 5/9/2013 | quarterly | $0.20 | 3.71% | 5/21/2013 | 5/23/2013 | 6/6/2013 |
| 2/14/2013 | quarterly | $0.20 | 3.75% | 2/26/2013 | 2/28/2013 | 3/14/2013 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Southside Bancshares (NASDAQ:SBSI)Insider Ownership Percentage: 17.20%
Institutional Ownership Percentage: 51.45%
Insider Trades by Quarter for Southside Bancshares (NASDAQ:SBSI)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 9/14/2017 | Brian K Mccabe | COO | Sell | 1,500 | $33.00 | $49,500.00 | |
| 8/7/2017 | Tim Carter | Insider | Sell | 7,000 | $33.95 | $237,650.00 | |
| 6/19/2017 | John Robert Garrett | Vice Chairman | Buy | 340 | $34.84 | $11,845.60 | |
| 6/15/2017 | Alton Cade Jr | Director | Sell | 2,950 | $35.31 | $104,164.50 | |
| 6/15/2017 | Tim Carter | Insider | Sell | 5,000 | $34.76 | $173,800.00 | |
| 3/7/2017 | Tim Carter | Insider | Sell | 2,600 | $35.06 | $91,156.00 | |
| 11/11/2016 | Patricia Ann Callan | Director | Sell | 4,000 | $34.85 | $139,400.00 | |
| 11/11/2016 | Tim Carter | Insider | Sell | 5,000 | $37.39 | $186,950.00 | |
| 11/2/2016 | John Robert Garrett | Director | Buy | 95 | $31.87 | $3,027.65 | |
| 8/16/2016 | John Robert Garrett | Director | Buy | 94 | $31.73 | $2,982.62 | |
| 8/11/2016 | Tim Carter | Insider | Sell | 2,000 | $31.21 | $62,420.00 | |
| 6/21/2016 | Brian K Mccabe | EVP | Sell | 550 | $30.35 | $16,692.50 | |
| 6/20/2016 | John Robert Garrett | Director | Buy | 96 | $30.25 | $2,904.00 | |
| 6/13/2016 | Alton Cade Jr | Director | Sell | 1,000 | $30.17 | $30,170.00 | |
| 5/9/2016 | Brian K Mccabe | EVP | Sell | 1,100 | $29.50 | $32,450.00 | |
| 5/4/2016 | John Robert Garrett | Director | Buy | 48 | $29.14 | $1,398.72 | |
| 3/22/2016 | Tim Carter | Insider | Sell | 7,000 | $25.75 | $180,250.00 | |
| 3/21/2016 | Peter M Boyd | Insider | Sell | 10,000 | $26.22 | $262,200.00 | |
| 3/16/2016 | John Robert Garrett | Director | Buy | 172 | $25.71 | $4,422.12 | |
| 3/7/2016 | Lee R Gibson | CFO | Buy | 3,245 | $25.61 | $83,104.45 | |
| 2/2/2016 | Susan Elaine Anderson | Director | Buy | 3,900 | $21.33 | $83,187.00 | |
| 12/18/2015 | Preston L Smith | Director | Buy | 3,200 | $24.47 | $78,304.00 | |
| 12/17/2015 | Julie Shamburger | CAO | Buy | 3,056 | $24.66 | $75,360.96 | |
| 12/16/2015 | John Robert Garrett | Director | Buy | 235 | $25.06 | $5,889.10 | |
| 12/11/2015 | Melvin B Lovelady | Director | Buy | 1,000 | $24.80 | $24,800.00 | |
| 11/24/2015 | Peter M Boyd | Insider | Sell | 3,100 | $27.47 | $85,157.00 | |
| 9/9/2015 | Bg Hartley | Chairman | Sell | 1 | $26.49 | $26.49 | |
| 9/8/2015 | Bg Hartley | Chairman | Sell | 31,333 | $26.28 | $823,431.24 | |
| 8/27/2015 | Paul Powell | Director | Buy | 6,839 | $25.39 | $173,642.21 | |
| 8/26/2015 | Lawrence Lazelle Anderson | Director | Buy | 4,000 | $24.51 | $98,040.00 | |
| 5/28/2015 | Bg Hartley | Chairman | Sell | 5,854 | $27.32 | $159,931.28 | |
| 5/5/2015 | Paul Powell | Director | Buy | 1,792 | $26.56 | $47,595.52 | |
| 3/12/2015 | Susan Elaine Anderson | Director | Buy | 3,000 | $30.35 | $91,050.00 | |
| 3/9/2015 | Lawrence Lazelle Anderson | Director | Buy | 4,000 | $28.76 | $115,040.00 | |
| 3/6/2015 | Lawrence Lazelle Anderson | Director | Buy | 1,513 | $28.89 | $43,710.57 | |
| 3/5/2015 | Lawrence Lazelle Anderson | Director | Buy | 2,000 | $28.76 | $57,520.00 | |
| 11/13/2014 | Preston L Smith | Director | Buy | 3,783 | $33.97 | $128,508.51 | |
| 9/2/2014 | Lawrence Lazelle Anderson | Director | Sell | 6,000 | $33.34 | $200,040.00 | |
| 8/26/2014 | Julie Shamburger | CAO | Sell | 1,000 | $34.41 | $34,410.00 | |
| 8/6/2014 | Brian K Mccabe | EVP | Sell | 400 | $28.88 | $11,552.00 | |
| 8/5/2014 | Brian K Mccabe | EVP | Sell | 100 | $29.70 | $2,970.00 | |
| 6/5/2014 | Paul Powell | Director | Buy | 1,250 | $26.14 | $32,675.00 | |
| 6/4/2014 | Lee R Gibson | CFO | Buy | 2,011 | $25.81 | $51,903.91 | |
| 6/4/2014 | Paul Powell | Director | Buy | 2,200 | $22.70 | $49,940.00 | |
| 5/6/2014 | Charles Dawson | CEO | Buy | 5,000 | $26.27 | $131,350.00 | |
| 5/6/2014 | Melvin Lovelady | Director | Buy | 4,000 | $26.19 | $104,760.00 | |
| 2/19/2014 | Bg Hartley | Insider | Sell | 6,023 | $29.09 | $175,209.07 | |
| 2/18/2014 | Bg Hartley | Insider | Sell | 19,478 | $29.25 | $569,731.50 | |
| 11/7/2013 | Pierre Dewet | Director | Buy | 3,850 | $25.96 | $99,946.00 | |
| 4/23/2013 | Lawrence Lazelle Anderson | Director | Buy | 2,500 | $20.40 | $51,000.00 | |
| 11/19/2012 | Pierre J Dewet | Director | Buy | 3,675 | $20.50 | $75,337.50 | |
| 11/1/2012 | Lawrence Lazelle Anderson | Director | Buy | 5,250 | $20.30 | $106,575.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Southside Bancshares (NASDAQ:SBSI)
Latest Headlines for Southside Bancshares (NASDAQ:SBSI)
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Southside Bancshares (SBSI) Chart for Monday, October, 23, 2017
