What is Southside Bancshares' stock price target for 2024?

0 analysts have issued 12 month price targets for Southside Bancshares' stock. Their SBSI share price targets range from $33.00 to $34.00. On average, they predict the company's stock price to reach $33.50 in the next twelve months. This suggests a possible upside of 10.5% 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 start of the year. Since then, SBSI stock has decreased by 3.2% and is now trading at $30.31. 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 Tuesday, April 23rd 2024. View our SBSI earnings forecast .

How were Southside Bancshares' earnings last quarter?

Southside Bancshares, Inc. (NASDAQ:SBSI) issued its quarterly earnings results on Friday, January, 26th. The bank reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by $0.10. The bank earned $68.50 million during the quarter, compared to the consensus estimate of $64.82 million. Southside Bancshares had a net margin of 21.92% and a trailing twelve-month return on equity of 11.59%. Southside Bancshares's quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. Stockholders 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 4.75%. 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 $1.40 per share and currently has a dividend yield of 4.62%. 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 49.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SBSI will have a dividend payout ratio of 47.14% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SBSI .

What ETFs hold Southside Bancshares' stock?

ETFs with the largest weight of Southside Bancshares (NASDAQ:SBSI) stock in their portfolio include ProShares Russell 2000 Dividend Growers ETF (SMDV) , Invesco S&P SmallCap Low Volatility ETF (XSLV) and SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) . Inspire Small/Mid Cap ETF (ISMD) .

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) .

Who are Southside Bancshares' major shareholders?

Southside Bancshares' stock is owned by a variety of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (4.08%), Charles Schwab Investment Management Inc. (1.20%), Mesirow Institutional Investment Management Inc. (0.81%), Principal Financial Group Inc. (0.50%), State of New Jersey Common Pension Fund D (0.30%) and Kestrel Investment Management Corp (0.23%). Insiders that own company stock include Brian K Mccabe , Cindy Blackstone , Donald W Thedford, Emily S Moore, Herbert C Buie , Jared C Green, John F Sammons Jr, John Robert Garrett, Julie Shamburger , Lee R Gibson , Suni M Davis , Susan Elaine Anderson 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 .

NASDAQ:SBSI

Southside Bancshares (SBSI) Stock Price, News & Analysis

$30.31

+0.54 (+1.81%)

(As of 02/9/2024 08:56 PM ET)

Compare

Today's Range: $29.12
▼
$30.35
50-Day Range: $29.36
▼
$32.97
52-Week Range: $25.38
▼
$39.74

Volume: 96,800 shs
Average Volume: 130,714 shs
Market Capitalization: $915.36 million

P/E Ratio: 10.79
Dividend Yield: 4.62%
Price Target: $33.50

Get Southside Bancshares alerts:

Southside Bancshares MarketRank™ Stock Analysis

Analyst Rating: 0.00 Rating Score
Upside/Downside: 10.5% Upside
$33.50 Price Target
Short Interest: Bearish
3.03% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.45
Upright™ Environmental Score
News Sentiment: 0.47
Based on 4 Articles This Week
Insider Trading: Acquiring Shares
$64,715 Bought 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.

4.01 out of 5 stars

Finance Sector

310th out of 851 stocks

State Commercial Banks Industry

74th out of 181 stocks

1.0

Analyst's Opinion

Price Target Upside/Downside
According to analysts' consensus price target of $33.50, Southside Bancshares has a forecasted upside of 10.5% from its current price of $30.31.
Amount of Analyst Coverage
Southside Bancshares has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
3.03% 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 7.5.
Change versus previous month
Short interest in Southside Bancshares has recently increased by 4.58%, indicating that investor sentiment is decreasing.

5.0

Dividend Strength

Dividend Leadership
Southside Bancshares is a leading dividend payer. It pays a dividend yield of 4.62%, 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 49.82%. 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 47.14% 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.

2.5

News and Social Media Coverage

News Sentiment
Southside Bancshares has a news sentiment score of 0.47. 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 0.81 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Southside Bancshares this week, compared to 6 articles on an average week.
Search Interest
1 people have searched for SBSI on MarketBeat in the last 30 days.
MarketBeat Follows
2 people have added Southside Bancshares to their MarketBeat watchlist in the last 30 days.

2.5

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 $64,715.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 5.90% of the stock of Southside Bancshares is held by insiders.
Percentage Held by Institutions
57.48% 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 10.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.74.
Price to Earnings Ratio vs. Sector
The P/E ratio of Southside Bancshares is 10.79, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.96.
Price to Book Value per Share Ratio
Southside Bancshares has a P/B Ratio of 1.18. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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 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 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, revocable and testamentary trusts, and custodian services for individuals, partnerships, and corporations; safe deposit services; and brokerage services. 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

February 9, 2024 | msn.com

Man has life-threatening injuries after stabbing in Hillside Court in Richmond’s Southside

February 5, 2024 | msn.com

Grocery Store on Peoria’s Southside to start construction at the end of February

February 12, 2024 | Behind the Markets (Ad)

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February 5, 2024 | msn.com

2 former NFL players to attend Southside Baptist Church Super Bowl Sunday event

February 3, 2024 | msn.com

Southside girls bowling, Cara Clontz win state titles, the fifth team title in program history

February 3, 2024 | marketwatch.com

Southside Bancshares Increases Dividend by 2.9%

February 2, 2024 | americanbankingnews.com

Insider Buying: Southside Bancshares, Inc. (NASDAQ:SBSI) Director Purchases $64,714.80 in Stock

February 1, 2024 | finance.yahoo.com

Southside Bancshares, Inc. Increases and Declares Cash Dividend

February 12, 2024 | Weiss Ratings (Ad)

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January 31, 2024 | uk.news.yahoo.com

Inside the new bookshop and cafe set to open in Glasgow's Southside

January 30, 2024 | msn.com

Much-loved Southside Mexican taco takeaway closes with immediate effect

January 27, 2024 | finance.yahoo.com

Q4 2023 Southside Bancshares Inc Earnings Call

January 27, 2024 | finance.yahoo.com

Southside Bancshares, Inc. (NASDAQ:SBSI) Q4 2023 Earnings Call Transcript

January 26, 2024 | finance.yahoo.com

Southside Bancshares, Inc. Announces Financial Results for the Fourth Quarter and Year Ended December 31, 2023

January 26, 2024 | finance.yahoo.com

Southside Bancshares Inc (SBSI) Reports Decline in Q4 Net Income Amid Strategic Asset Sales

January 26, 2024 | finance.yahoo.com

Southside Bancshares (SBSI) Lags Q4 Earnings and Revenue Estimates

January 25, 2024 | markets.businessinsider.com

What Wall Street expects from Southside Bancshares's earnings

January 25, 2024 | benzinga.com

Earnings Outlook For Southside Bancshares

January 25, 2024 | msn.com

Southside Bancshares Q4 2023 Earnings Preview

January 23, 2024 | msn.com

Nicha's has temporarily closed its Southside location for repairs

January 22, 2024 | msn.com

Southside freshman Kay'Len Alexander voted SBLive's Louisiana High School Athlete of the Week

January 22, 2024 | finance.yahoo.com

Shareholders in Southside Bancshares (NASDAQ:SBSI) are in the red if they invested a year ago

January 19, 2024 | msn.com

Watch out for these lane closures in Richmond’s Southside

January 17, 2024 | msn.com

Update | 2 people hospitalized after crash near closed Piccadilly restaurant on Jacksonville's Southside

January 16, 2024 | msn.com

Southside Christian, St. Joseph's Catholic appeals on SCHSL reclassification denied

January 16, 2024 | msn.com

Heavy police presence at closed Piccadilly restaurant on Jacksonville's Southside

January 16, 2024 | msn.com

Jacksonville Sheriff's Office looking for missing 67-year-old woman last seen on city's Southside

See More Headlines

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Company Calendar

Ex-Dividend for 12/7 Dividend: 11/21/2023
Dividend Payable: 12/07/2023
Last Earnings: 1/26/2024
Today: 2/12/2024
Ex-Dividend for 2/29 Dividend: 2/14/2024
Dividend Payable: 2/29/2024
Next Earnings (Estimated): 4/23/2024
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: 813
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: +10.5%
Consensus Rating
Rating Score (0-4): 0.00
Research Coverage: 0 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.81
Trailing P/E Ratio: 10.79
Forward P/E Ratio: 10.60
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: 1.13
Current Ratio: 0.77
Quick Ratio: 0.77

Sales & Book Value

Annual Sales: $395.58 million
Price / Sales: 2.31
Cash Flow: $2.95 per share
Price / Cash Flow: 10.27
Book Value: $25.61 per share
Price / Book: 1.18

Miscellaneous

Outstanding Shares: 30,200,000
Free Float: 28,418,000
Market Cap: $915.36 million
Optionable: Optionable
Beta: 0.56

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Key Executives

Mr. Lee R. Gibson III (Age 67)
CPA, President, CEO & Director
Comp: $1.28M
Ms. Julie N. Shamburger CPA (Age 61)
Chief Financial Officer
Comp: $700.39k
Mr. Brian K. McCabe (Age 63)
Chief Operations Officer
Comp: $527.07k
Mr. T. L. Arnold Jr. (Age 60)
Chief Credit Officer
Comp: $498.98k
Mr. Timothy F. Alexander (Age 67)
Chief Lending Officer
Comp: $872.26k
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 analysts have issued 12 month price targets for Southside Bancshares' stock. Their SBSI share price targets range from $33.00 to $34.00. On average, they predict the company's stock price to reach $33.50 in the next twelve months. This suggests a possible upside of 10.5% 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 start of the year. Since then, SBSI stock has decreased by 3.2% and is now trading at $30.31.
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 Tuesday, April 23rd 2024.
View our SBSI earnings forecast.
How were Southside Bancshares' earnings last quarter?: Southside Bancshares, Inc. (NASDAQ:SBSI) issued its quarterly earnings results on Friday, January, 26th. The bank reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by $0.10. The bank earned $68.50 million during the quarter, compared to the consensus estimate of $64.82 million. Southside Bancshares had a net margin of 21.92% and a trailing twelve-month return on equity of 11.59%. Southside Bancshares's quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. Stockholders 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 4.75%. 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 $1.40 per share and currently has a dividend yield of 4.62%. 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 49.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SBSI will have a dividend payout ratio of 47.14% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SBSI.

What ETFs hold Southside Bancshares' stock?: ETFs with the largest weight of Southside Bancshares (NASDAQ:SBSI) stock in their portfolio include ProShares Russell 2000 Dividend Growers ETF (SMDV), Invesco S&P SmallCap Low Volatility ETF (XSLV) and SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV).Inspire Small/Mid Cap ETF (ISMD).
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).
Who are Southside Bancshares' major shareholders?: Southside Bancshares' stock is owned by a variety of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (4.08%), Charles Schwab Investment Management Inc. (1.20%), Mesirow Institutional Investment Management Inc. (0.81%), Principal Financial Group Inc. (0.50%), State of New Jersey Common Pension Fund D (0.30%) and Kestrel Investment Management Corp (0.23%). Insiders that own company stock include Brian K Mccabe, Cindy Blackstone, Donald W Thedford, Emily S Moore, Herbert C Buie, Jared C Green, John F Sammons Jr, John Robert Garrett, Julie Shamburger, Lee R Gibson, Suni M Davis, Susan Elaine Anderson 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.

This page (NASDAQ:SBSI) was last updated on 2/12/2024 by MarketBeat.com Staff

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Southside Bancshares (SBSI) Stock Price, News & Analysis

Southside Bancshares MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Southside Bancshares Stock (NASDAQ:SBSI)

SBSI Stock Price History

SBSI Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

SBSI Stock Analysis - Frequently Asked Questions

Overall MarketRank^™