What is Southside Bancshares' stock price target for 2024?

0 brokers have issued 12-month price objectives for Southside Bancshares' stock. Their SBSI share price targets range from $33.00 to $34.00. On average, they anticipate the company's stock price to reach $33.50 in the next twelve months. This suggests a possible upside of 23.7% from the stock's current price. View analysts price targets for SBSI or view top-rated stocks among Wall Street analysts .

How have SBSI shares performed in 2024?

Southside Bancshares' stock was trading at $31.32 at the beginning of 2024. Since then, SBSI stock has decreased by 13.5% and is now trading at $27.09. View the best growth stocks for 2024 here .

When is Southside Bancshares' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024. View our SBSI earnings forecast .

How can I listen to Southside Bancshares' earnings call?

Southside Bancshares will be holding an earnings conference call on Thursday, April 25th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link .

How were Southside Bancshares' earnings last quarter?

Southside Bancshares, Inc. (NASDAQ:SBSI) posted its quarterly earnings results on Friday, January, 26th. The bank reported $0.57 EPS for the quarter, missing the consensus estimate of $0.67 by $0.10. The bank had revenue of $68.50 million for the quarter, compared to analysts' expectations of $64.82 million. Southside Bancshares had a trailing twelve-month return on equity of 11.59% and a net margin of 21.92%. The company's revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 EPS.

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

Southside Bancshares declared a quarterly dividend on Thursday, February 1st. Shareholders of record on Thursday, February 15th will be given a dividend of $0.36 per share on Thursday, February 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.32%. The ex-dividend date is Wednesday, February 14th. Read our dividend analysis for SBSI .

Is Southside Bancshares a good dividend stock?

Southside Bancshares (NASDAQ:SBSI) pays an annual dividend of $1.44 per share and currently has a dividend yield of 5.33%. SBSI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 30 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 51.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SBSI will have a dividend payout ratio of 48.48% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SBSI .

What is Lee R. Gibson's approval rating as Southside Bancshares' CEO?

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

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 (ET) , AT&T (T) , Anavex Life Sciences (AVXL) , Pfizer (PFE) , NGL Energy Partners (NGL) , ResMed (RMD) , Range Resources (RRC) , LadRx (CYTR) , Dominion Energy (D) and Ford Motor (F) .

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 .

NASDAQ:SBSI

Southside Bancshares (SBSI) Stock Price, News & Analysis

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$27.09

+0.08 (+0.30%)

(As of 04/15/2024 ET)

Compare

Today's Range: $26.76
▼
$27.34
50-Day Range: $26.89
▼
$30.86
52-Week Range: $25.38
▼
$34.40

Volume: 95,079 shs
Average Volume: 132,894 shs
Market Capitalization: $820.29 million

P/E Ratio: 9.64
Dividend Yield: 5.32%
Price Target: $33.50

Get Southside Bancshares alerts:

Southside Bancshares MarketRank™ Stock Analysis

Analyst Rating: 0.00 Rating Score
Upside/Downside: 23.7% Upside
$33.50 Price Target
Short Interest: Healthy
2.20% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.45
Upright™ Environmental Score
News Sentiment: 0.14
Based on 8 Articles This Week
Insider Trading: Selling Shares
$450,932 Sold Last Quarter
Proj. Earnings Growth: 3.85%
From $2.86 to $2.97 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.07 out of 5 stars

Finance Sector

302nd out of 876 stocks

State Commercial Banks Industry

79th out of 179 stocks

1.0

Analyst's Opinion

Amount of Analyst Coverage
Southside Bancshares has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
2.20% 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 4.7.
Change versus previous month
Short interest in Southside Bancshares has recently decreased by 13.22%, indicating that investor sentiment is improving significantly.

5.0

Dividend Strength

Dividend Leadership
Southside Bancshares is a leading dividend payer. It pays a dividend yield of 5.33%, 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 51.25%. 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 48.48% next year. This indicates that Southside Bancshares will be able to sustain or increase its dividend.

3.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Southside Bancshares has received a 35.13% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Cash withdrawal services", "Wire transfer services", "Home equity loans", "Mortgages provided by brick and mortar banks", "Debit cards", and "Consumer savings accounts provided by brick and mortar banks" products. See details.
Environmental Sustainability
The Environmental Impact score for Southside Bancshares is -0.45.

1.7

News and Social Media Coverage

News Sentiment
Southside Bancshares has a news sentiment score of 0.14. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Southside Bancshares this week, compared to 6 articles on an average week.
Search Interest
Only 1 people have searched for SBSI on MarketBeat in the last 30 days. This is a decrease of -91% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Southside Bancshares to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Southside Bancshares insiders have sold 596.80% more of their company's stock than they have bought. Specifically, they have bought $64,715.00 in company stock and sold $450,932.00 in company stock.
Percentage Held by Insiders
Only 6.10% 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.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Southside Bancshares are expected to grow by 3.85% in the coming year, from $2.86 to $2.97 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Southside Bancshares is 9.64, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.20.
Price to Earnings Ratio vs. Sector
The P/E ratio of Southside Bancshares is 9.64, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.44.
Price to Book Value per Share Ratio
Southside Bancshares has a P/B Ratio of 1.06. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Southside Bancshares Stock (NASDAQ:SBSI)

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.

SBSI Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SBSI Stock News Headlines

March 16, 2024 | insidertrades.com

Southside Bancshares, Inc. (NASDAQ:SBSI) CEO Lee R. Gibson Sells 14,897 Shares

April 15, 2024 | msn.com

Gun, ammo seized from students at Southside High School

April 16, 2024 | InvestorPlace (Ad)

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April 14, 2024 | msn.com

Southside Festival Series holds 5th annual authors expo

April 12, 2024 | forbes.com

Southside Bancshares

April 11, 2024 | bizjournals.com

New York investment firm purchases two Southside apartment communities

April 11, 2024 | globenewswire.com

Southside Bancshares, Inc. Announces First Quarter Earnings Call

April 11, 2024 | msn.com

Preschool at Southside Elementary School closed Thursday

April 16, 2024 | InvestorPlace (Ad)

Nerd Investor Reveals Secret To Make Money With A.I.

He's doing something he's never done before. In ten years, this nerd investor has picked 210+ stocks that have gone up at least 100%.

April 10, 2024 | msn.com

Southside boys basketball player signs to play at LSUA

April 5, 2024 | msn.com

Developers propose $150M redevelopment on 9 acres in Fort Worth’s Near Southside

April 4, 2024 | msn.com

One suspect arrested in connection to robbery investigation in Richmond’s Southside

April 3, 2024 | msn.com

Tractor-trailer crash on I-95 South in Richmond’s Southside caused significant backup

April 2, 2024 | msn.com

Be prepared for lane closures this week in Richmond’s Southside, West End

April 2, 2024 | msn.com

Tractor-trailer crash on I-95 South in Richmond’s Southside causing significant backup

March 29, 2024 | msn.com

Man in wheelchair dies in house fire on Southside, SAFD says

March 28, 2024 | bizjournals.com

Southside office building trades hands for $1.9M

March 28, 2024 | finance.yahoo.com

Pleasing Signs As A Number Of Insiders Buy Southside Bancshares Stock

March 27, 2024 | msn.com

Incident caused delays on I-95 North in Richmond’s Southside

March 25, 2024 | msn.com

Third annual Southside Book Fair showcases San Antonio's authors and artists

March 19, 2024 | yahoo.com

Elmira to reapply for $10 million state grant to revitalize Southside

March 19, 2024 | bizjournals.com

New cafe and market to open in Southside

March 17, 2024 | msn.com

Overnight detours planned for Southside Blvd. exit ramps from I-95 North this week

March 15, 2024 | msn.com

Man in hospital after assault in Glasgow's Southside

March 15, 2024 | news.yahoo.com

Storm spotter class on tap March 21 in Southside

March 13, 2024 | msn.com

New Italian bistro bringing family recipes and all-you-can-eat lunch buffet to Southside

March 12, 2024 | msn.com

Etowah County board of education makes the hire of Ben Stewart as Southside football coach official

See More Headlines

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Company Calendar

Last Earnings: 1/26/2024
Ex-Dividend for 2/29 Dividend: 2/14/2024
Dividend Payable: 2/29/2024
Today: 4/16/2024
Next Earnings (Confirmed): 4/25/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

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: $33.50
High Stock Price Target: $34.00
Low Stock Price Target: $33.00
Potential Upside/Downside: +23.7%
Consensus Rating
Rating Score (0-4): 0.00
Research Coverage: 0 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.81
Trailing P/E Ratio: 9.64
Forward P/E Ratio: 9.47
P/E Growth: N/A
Net Income: $86.69 million
Net Margins: 21.92%
Pretax Margin: 25.57%
Return on Equity: 11.59%
Return on Assets: 1.10%

Debt

Debt-to-Equity Ratio: 0.86
Current Ratio: 0.75
Quick Ratio: 0.75

Sales & Book Value

Annual Sales: $395.58 million
Price / Sales: 2.07
Cash Flow: $3.40 per share
Price / Cash Flow: 7.96
Book Value: $25.61 per share
Price / Book: 1.06

Miscellaneous

Outstanding Shares: 30,280,000
Free Float: 28,436,000
Market Cap: $820.29 million
Optionable: Optionable
Beta: 0.54

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Key Executives

Mr. Lee R. Gibson III (Age 67)
CPA, President, CEO & Director
Comp: $1.08M
Ms. Julie N. Shamburger CPA (Age 61)
Chief Financial Officer
Comp: $610.12k
Mr. Brian K. McCabe (Age 63)
Chief Operations Officer
Comp: $470.86k
Mr. T. L. Arnold Jr. (Age 60)
Chief Credit Officer
Comp: $484.67k
Mr. Timothy F. Alexander (Age 67)
Chief Lending Officer
Comp: $703.06k
Lindsey Bailes CPA
VP & Investor Relations Officer
Vonna Crowley
Chief Compliance Officer
Ms. Suni Davis CPA (Age 48)
Chief Risk Officer
Anne Martinez
Executive VP & Senior Loan Review Officer
Ms. Sandi Hegwood CPA
Senior VP & Chief Audit Executive

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SBSI Stock Analysis - Frequently Asked Questions

What is Southside Bancshares' stock price target for 2024?: 0 brokers have issued 12-month price objectives for Southside Bancshares' stock. Their SBSI share price targets range from $33.00 to $34.00. On average, they anticipate the company's stock price to reach $33.50 in the next twelve months. This suggests a possible upside of 23.7% from the stock's current price.
View analysts price targets for SBSI or view top-rated stocks among Wall Street analysts.
How have SBSI shares performed in 2024?: Southside Bancshares' stock was trading at $31.32 at the beginning of 2024. Since then, SBSI stock has decreased by 13.5% and is now trading at $27.09.
View the best growth stocks for 2024 here.
When is Southside Bancshares' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our SBSI earnings forecast.
How can I listen to Southside Bancshares' earnings call?: Southside Bancshares will be holding an earnings conference call on Thursday, April 25th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link.
How were Southside Bancshares' earnings last quarter?: Southside Bancshares, Inc. (NASDAQ:SBSI) posted its quarterly earnings results on Friday, January, 26th. The bank reported $0.57 EPS for the quarter, missing the consensus estimate of $0.67 by $0.10. The bank had revenue of $68.50 million for the quarter, compared to analysts' expectations of $64.82 million. Southside Bancshares had a trailing twelve-month return on equity of 11.59% and a net margin of 21.92%. The company's revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 EPS.
How often does Southside Bancshares pay dividends? What is the dividend yield for Southside Bancshares?: Southside Bancshares declared a quarterly dividend on Thursday, February 1st. Shareholders of record on Thursday, February 15th will be given a dividend of $0.36 per share on Thursday, February 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.32%. The ex-dividend date is Wednesday, February 14th.
Read our dividend analysis for SBSI.

Is Southside Bancshares a good dividend stock?: Southside Bancshares (NASDAQ:SBSI) pays an annual dividend of $1.44 per share and currently has a dividend yield of 5.33%. SBSI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 30 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 51.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SBSI will have a dividend payout ratio of 48.48% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SBSI.
What is Lee R. Gibson's approval rating as Southside Bancshares' CEO?: 17 employees have rated Southside Bancshares Chief Executive Officer Lee R. Gibson on Glassdoor.com. Lee R. Gibson has an approval rating of 53% among the company's employees. This puts Lee R. Gibson in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.
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 (ET), AT&T (T), Anavex Life Sciences (AVXL), Pfizer (PFE), NGL Energy Partners (NGL), ResMed (RMD), Range Resources (RRC), LadRx (CYTR), Dominion Energy (D) and Ford Motor (F).
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.

This page (NASDAQ:SBSI) was last updated on 4/16/2024 by MarketBeat.com Staff

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