Southside Bancshares, Inc. (SBSI)

NASDAQ: SBSI · IEX Real-Time Price · USD
29.01
+0.04 (0.14%)
Feb 27, 2024, 11:45 AM EST - Market open
0.14%
Market Cap 876.31M
Revenue (ttm) 252.52M
Net Income (ttm) 97.04M
Shares Out 30.25M
EPS (ttm) 3.11
PE Ratio 9.32
Forward PE 10.32
Dividend $1.44 (4.96%)
Ex-Dividend Date Feb 14, 2024
Volume 24,023
Open 29.12
Previous Close 28.97
Day's Range 28.83 - 29.37
52-Week Range 25.38 - 38.90
Beta 0.56
Analysts Hold
Price Target 33.50 (+15.48%)
Earnings Date Apr 23, 2024

About 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... [Read more]

Sector Financials
Founded 1960
Employees 813
Stock Exchange NASDAQ
Ticker Symbol SBSI
Full Company Profile

Financial Performance

In 2022, SBSI's revenue was $249.96 million, a decrease of -2.31% compared to the previous year's $255.86 million. Earnings were $105.02 million, a decrease of -7.39%.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for SBSI stock is "Hold." The 12-month stock price forecast is $33.5, which is an increase of 15.48% from the latest price.

Price Target
$33.5
(15.48% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Southside Bancshares, Inc. Increases and Declares Cash Dividend

TYLER, Texas, Feb. 01, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Southside Bancshares, Inc., (NASDAQ:SBSI), parent company of Southside Bank, approved a 2.9% increase to the regular quarterly...

25 days ago - GlobeNewsWire

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

TYLER, Texas, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter and year ended December 31...

4 weeks ago - GlobeNewsWire

Southside Bancshares, Inc. Announces Fourth Quarter And Year End Earnings Call

TYLER, Texas, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside”) (NASDAQ: SBSI), the holding company for Southside Bank, announced today it will release its fourth quarter and ...

6 weeks ago - GlobeNewsWire

Southside Bancshares, Inc. Declares Fourth Quarter And Special Cash Dividends

TYLER, Texas, Nov. 02, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Southside Bancshares, Inc., (NASDAQ:SBSI), parent company of Southside Bank declared a regular quarterly cash dividend of $0.3...

4 months ago - GlobeNewsWire

Southside Bancshares, Inc. Announces Financial Results for the Third Quarter Ended September 30, 2023

TYLER, Texas, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter ended September 30, 2023. ...

4 months ago - GlobeNewsWire

Southside Bancshares, Inc. Announces Third Quarter Earnings Call

TYLER, Texas, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside”) (NASDAQ: SBSI), the holding company for Southside Bank, announced today it will release its third quarter finan...

4 months ago - GlobeNewsWire

KBRA Releases Surveillance Report for Southside Bancshares, Inc.

NEW YORK--(BUSINESS WIRE)-- #KBRA--On August 11, 2023, KBRA affirmed the senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, and the short-term debt rating of K2 for Tyler, Texa...

6 months ago - Business Wire

Southside Bancshares, Inc. Declares Cash Dividend

TYLER, Texas, Aug. 03, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Southside Bancshares, Inc., (NASDAQ:SBSI), parent company of Southside Bank declared a regular quarterly cash dividend of $0.3...

7 months ago - GlobeNewsWire

Southside Bancshares, Inc. Announces Financial Results for the Second Quarter Ended June 30, 2023

TYLER, Texas, July 25, 2023 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter ended June 30, 2023. South...

7 months ago - GlobeNewsWire

Southside Bancshares, Inc. Announces Second Quarter Earnings Call

TYLER, Texas, July 11, 2023 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside”) (NASDAQ: SBSI), the holding company for Southside Bank, announced today it will release its second quarter fina...

8 months ago - GlobeNewsWire

Southside Bancshares, Inc. Announces Financial Results for the First Quarter Ended March 31, 2023

TYLER, Texas, April 25, 2023 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter ended March 31, 2023. Sou...

11 months ago - GlobeNewsWire

Southside Bancshares, Inc. Announces First Quarter Earnings Call

TYLER, Texas, April 11, 2023 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside”) (NASDAQ: SBSI), the holding company for Southside Bank, announced today it will release its first quarter fina...

11 months ago - GlobeNewsWire

Southside Bancshares, Inc. Announces Financial Results for the Fourth Quarter and Year Ended December 31, 2022

TYLER, Texas, Jan. 27, 2023 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter and year ended December 31...

1 year ago - GlobeNewsWire

Southside Bancshares, Inc. Announces Fourth Quarter and Year End Earnings Call

TYLER, Texas, Jan. 13, 2023 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside”) (NASDAQ: SBSI), the holding company for Southside Bank, announced today it will release its fourth quarter and ...

1 year ago - GlobeNewsWire

Southside Bancshares, Inc. Increases Stock Repurchase Plan Authorization

TYLER, Texas, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc., (NASDAQ:SBSI), the holding company of Southside Bank, announced that its Board of Directors has increased its authorization ...

1 year ago - GlobeNewsWire

Southside Bancshares, Inc. Declares Fourth Quarter and Special Cash Dividends

TYLER, Texas, Nov. 03, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Southside Bancshares, Inc., (NASDAQ:SBSI), parent company of Southside Bank declared a regular quarterly cash dividend of $0.3...

1 year ago - GlobeNewsWire

Southside Bancshares, Inc. Announces Financial Results for the Third Quarter Ended September 30, 2022

TYLER, Texas, Oct. 25, 2022 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter ended September 30, 2022. ...

1 year ago - GlobeNewsWire

Southside Bancshares, Inc. Announces Financial Results For The Second Quarter Ended June 30, 2022

TYLER, Texas, July 25, 2022 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter ended June 30, 2022. South...

1 year ago - GlobeNewsWire

Southside Bancshares, Inc. Named a Top 25 Bank in America by Bank Director

TYLER, Texas, July 20, 2022 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside”) (NASDAQ:SBSI), the holding company of Southside Bank, has been named one of the “Top 25 Banks” in America by Ba...

1 year ago - GlobeNewsWire

Southside Bancshares, Inc. Announces Second Quarter Earnings Call

TYLER, Texas, July 11, 2022 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside”) (NASDAQ: SBSI), the holding company for Southside Bank, announced today it will release its second quarter fina...

1 year ago - GlobeNewsWire

Southside Bancshares, Inc. Announces Financial Results for the First Quarter Ended March 31, 2022

TYLER, Texas, April 26, 2022 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter ended March 31, 2022. Sou...

2 years ago - GlobeNewsWire

Southside Bancshares, Inc. Announces Stock Repurchase Plan

TYLER, Texas, March 01, 2022 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (the “Company”) (NASDAQ:SBSI), the holding company of Southside Bank, announced that its Board of Directors has authorized a...

2 years ago - GlobeNewsWire

Southside Bancshares, Inc. Announces Financial Results for the Fourth Quarter and Year Ended December 31, 2021

TYLER, Texas, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter and year ended December 31...

2 years ago - GlobeNewsWire

A Trio of Stocks Trading Below Earnings Power Value

When screening the market for stocks that are trading at or below their fair prices, one tool investors can use is the earnings power value.

Other symbols: CBDCLS
2 years ago - GuruFocus

Alton Frailey Appointed to Southside Bancshares, Inc. Board of Directors

TYLER, Texas, Dec. 20, 2021 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (the “Company”) (NASDAQ:SBSI), the holding company of Southside Bank (the “Bank”), announced the appointment of Alton L. Frai...

2 years ago - GlobeNewsWire