Southside Bancshares (SBSI) Stock Price, News & Analysis

Company Overview

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 deposits. 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 consumer related 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 wealth management and trust services consisting of investment management, administration of irrevocable, revocable, and testamentary trusts, estate administration, and custodian services for individuals, partnerships, and corporations; safe deposit services; and brokerage services. In addition, the company provides retirement and employee benefit accounts, including plans and profit sharing plans; and telephone, internet, and mobile banking services. The company offers various banking services through branches, drive-thru facilities, automated teller machines, and interactive teller machines. Southside Bancshares, Inc. was founded in 1960 and is headquartered in Tyler, Texas.

Key Stats

• Today's Range: $34.73 to $35.20
• 50-Day Range: $31.91 to $37.22
• 52-Week Range: $25.30 to $38.00
• Volume: 70,972 shs
• Average Volume: 116,126 shs
• Market Capitalization: $1.07 billion
• P/E Ratio: 12.70
• Dividend Yield: 4.09%
• Price Target: $37.00
• Consensus Rating: Hold

Southside Bancshares Stock Analysis - MarketRank™

Southside Bancshares scored higher than 69% of companies evaluated by MarketBeat, and ranked 412th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

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.

Amount of Analyst Coverage

Southside Bancshares has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -6.38%

Earnings Growth

Earnings for Southside Bancshares are expected to decrease by -6.38% in the coming year, from $2.98 to $2.79 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Southside Bancshares is 12.70, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.16.

Price to Earnings Ratio vs. Sector

The P/E ratio of Southside Bancshares is 12.70, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 49.34.

Price to Book Value per Share Ratio

Southside Bancshares has a P/B Ratio of 1.37. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.17% of the float of Southside Bancshares has been sold short.

Short Interest Ratio / Days to Cover

Southside Bancshares has a short interest ratio ("days to cover") of 11.5, which indicates bearish sentiment.

Change versus previous month

Short interest in Southside Bancshares has recently decreased by 7.75%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 5.0 / 5
• Dividend Strength: Strong

Dividend Leadership

Southside Bancshares is a leading dividend payer. It pays a dividend yield of 4.07%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Southside Bancshares has been increasing its dividend for 30 years.

Dividend Coverage

The dividend payout ratio of Southside Bancshares is 51.99%. 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 51.61% next year. This indicates that Southside Bancshares will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.3 / 5
• Environmental Score: -0.45

Percentage of Shares Shorted

4.17% of the float of Southside Bancshares has been sold short.

Short Interest Ratio / Days to Cover

Southside Bancshares has a short interest ratio ("days to cover") of 11.5, which indicates bearish sentiment.

Change versus previous month

Short interest in Southside Bancshares has recently decreased by 7.75%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: N/A

News Coverage This Week

MarketBeat has tracked 1 news article for Southside Bancshares this week, compared to 5 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Southside Bancshares insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $358,487.00 in company stock.

Percentage Held by Insiders

Only 5.90% of the stock of Southside Bancshares is held by insiders.

Percentage Held by Institutions

55.70% of the stock of Southside Bancshares is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SBSI Stock Analysis - Frequently Asked Questions

How have SBSI shares performed this year?

Southside Bancshares' stock was trading at $31.32 at the beginning of 2024. Since then, SBSI shares have increased by 12.4% and is now trading at $35.19.
View the best growth stocks for 2024 here.

How were Southside Bancshares' earnings last quarter?

Southside Bancshares, Inc. (NASDAQ:SBSI) announced its earnings results on Thursday, October, 24th. The bank reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by $0.05. The bank had revenue of $113.87 million for the quarter, compared to the consensus estimate of $68.25 million. Southside Bancshares had a trailing twelve-month return on equity of 10.64% and a net margin of 18.94%.

Who are Southside Bancshares' major shareholders?

Southside Bancshares' top institutional investors include State Street Corp (4.15%), Geode Capital Management LLC (2.22%), Charles Schwab Investment Management Inc. (1.07%) and Principal Financial Group Inc. (0.44%). Insiders that own company stock include Herbert C Buie, Lee R Gibson, John F Sammons Jr, Julie Shamburger, Susan Elaine Anderson, T L Arnold Jr, Brian K Mccabe, Donald W Thedford, Suni M Davis, Jared C Green, Cindy Blackstone and William Sheehy.
View institutional ownership trends.

How do I buy shares of Southside Bancshares?

Shares of SBSI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Southside Bancshares own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Southside Bancshares investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), ServiceNow (NOW), Adobe (ADBE) and Palo Alto Networks (PANW).

Company Calendar

• Ex-Dividend for 9/5 Dividend: 8/22/2024
• Dividend Payable: 9/05/2024
• Last Earnings: 10/24/2024
• Today: 11/20/2024
• Ex-Dividend for 12/6 Dividend: 11/21/2024
• Dividend Payable: 12/06/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/24/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:SBSI
• CUSIP: 84470P10
• CIK: 705432
• Web: www.southside.com
• Phone: (903) 531-7111
• Fax: 903-592-3692
• Employees: 815
• Year Founded: 1960

Price Target and Rating

• Average Stock Price Target: $37.00
• High Stock Price Target: $37.00
• Low Stock Price Target: $37.00
• Potential Upside/Downside: +5.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.77
• Trailing P/E Ratio: 12.70
• Forward P/E Ratio: 11.81
• P/E Growth: N/A
• Net Income: $86.69 million
• Net Margins: 18.94%
• Pretax Margin: 22.65%
• Return on Equity: 10.64%
• Return on Assets: 1.01%

Debt

• Debt-to-Equity Ratio: 0.32
• Current Ratio: 0.70
• Quick Ratio: 0.70

Sales & Book Value

• Annual Sales: $395.58 million
• Price / Sales: 2.70
• Cash Flow: $3.35 per share
• Price / Cash Flow: 10.51
• Book Value: $25.61 per share
• Price / Book: 1.37

Miscellaneous

• Outstanding Shares: 30,310,000
• Free Float: 28,459,000
• Market Cap: $1.07 billion
• Optionable: Optionable
• Beta: 0.55