Southside Bancshares, Inc. (SBSI)

NASDAQ: SBSI · IEX Real-Time Price · USD
34.75
-0.02 (-0.06%)
Dec 7, 2022 4:00 PM EST - Market closed
-0.06%
Market Cap 1.12B
Revenue (ttm) 249.27M
Net Income (ttm) 106.04M
Shares Out 32.10M
EPS (ttm) 3.27
PE Ratio 10.63
Forward PE n/a
Dividend $1.40 (4.03%)
Ex-Dividend Date Nov 22, 2022
Volume 98,807
Open 34.52
Previous Close 34.77
Day's Range 34.32 - 34.86
52-Week Range 31.18 - 44.75
Beta 0.55
Analysts Sell
Price Target 38.89 (+11.9%)
Earnings Date Jan 26, 2023

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]

Industry Banks
Founded 1960
CEO Lee Gibson
Employees 809
Stock Exchange NASDAQ
Ticker Symbol SBSI
Full Company Profile

Financial Performance

In 2021, SBSI's revenue was $255.86 million, an increase of 18.02% compared to the previous year's $216.80 million. Earnings were $113.40 million, an increase of 38.04%.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for SBSI stock is "Sell." The 12-month stock price forecast is 38.89, which is an increase of 11.91% from the latest price.

Price Target
$38.89
(11.91% upside)
Analyst Consensus: Sell
Stock Forecasts

News

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 $0.34 ...

1 month ago - GlobeNewsWire

Southside Bancshares (SBSI) Q3 Earnings Lag Estimates

Southside Bancshares (SBSI) delivered earnings and revenue surprises of -13.40% and 0.87%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

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. So...

1 month ago - GlobeNewsWire

Southside Bancshares (SBSI) Earnings Expected to Grow: Should You Buy?

Southside Bancshares (SBSI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

Southside Bancshares, Inc. Announces Third Quarter Earnings Call

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

1 month ago - GlobeNewsWire

3 Reasons to Invest in Southside Bancshares (SBSI) Stock Now

Southside Bancshares (SBSI) stock looks like a good investment option, given its strong fundamentals and decent growth prospects.

2 months ago - Zacks Investment Research

Southside Bancshares, Inc. Declares Cash Dividend

TYLER, Texas, Aug. 04, 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 $0.34 ...

4 months ago - GlobeNewsWire

Southside Bancshares (SBSI) Upgraded to Strong Buy: Here's Why

Southside Bancshares (SBSI) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

4 months ago - Zacks Investment Research

Best Momentum Stocks to Buy for July 27th

GSBC, CHCO, and SBSI made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on July 27, 2022.

Other symbols: CHCOGSBC
4 months ago - Zacks Investment Research

New Strong Buy Stocks for July 27th

ASC, NEX, CEQP, ASR, and SBSI have been added to the Zacks Rank #1 (Strong Buy) List on July 27, 2022.

Other symbols: ASCASRCEQPNEX
4 months ago - Zacks Investment Research

Southside Bancshares (SBSI) Q2 Earnings Miss Estimates

Southside Bancshares (SBSI) delivered earnings and revenue surprises of -1.25% and 1.64%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

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. Southsi...

4 months 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 Bank...

4 months 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 financ...

4 months ago - GlobeNewsWire

Southside Bancshares (SBSI) Q1 Earnings Top Estimates

Southside Bancshares (SBSI) delivered earnings and revenue surprises of 14.49% and 4.51%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

7 months ago - Zacks Investment Research

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. South...

7 months ago - GlobeNewsWire

Southside Bancshares, Inc. Announces First Quarter Earnings Call

TYLER, Texas, April 12, 2022 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside”) (NASDAQ: SBSI), the holding company for Southside Bank, announced today it will release its first quarter financ...

7 months ago - GlobeNewsWire

Southside Bancshares (SBSI) Up 5.3% on New Buyback Plan

The announcement of a new share-repurchase program reflects Southside Bancshares' (SBSI) decent fundamentals and its ability to augment shareholder value.

9 months ago - Zacks Investment Research

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 S...

9 months ago - GlobeNewsWire

Southside Bancshares, Inc. Increases and Declares Cash Dividend

TYLER, Texas, Feb. 03, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Southside Bancshares, Inc., (NASDAQ:SBSI), parent company of Southside Bank, approved a 3.0% increase to the regular quarterly c...

10 months ago - GlobeNewsWire

Southside Bancshares (SBSI) Q4 Earnings and Revenues Beat Estimates

Southside Bancshares (SBSI) delivered earnings and revenue surprises of 17.33% and 2.70%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

10 months ago - Zacks Investment Research

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, ...

10 months ago - GlobeNewsWire

Earnings Preview: Southside Bancshares (SBSI) Q4 Earnings Expected to Decline

Southside Bancshares (SBSI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

10 months ago - Zacks Investment Research

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

TYLER, Texas, Jan. 14, 2022 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside”) (NASDAQ: SBSI), the holding company for Southside Bank, announced today it will release its fourth quarter and ye...

10 months 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
10 months ago - GuruFocus