Southside Bancshares (SBSI) Stock Price, News & Analysis

0 brokers have issued 1-year price objectives for Southside Bancshares' shares. Their SBSI share price targets range from $33.00 to $34.00. On average, they expect the company's share price to reach $33.50 in the next year. This suggests a possible upside of 18.9% from the stock's current price.
View analysts price targets for SBSI or view top-rated stocks among Wall Street analysts.

Southside Bancshares' stock was trading at $31.32 on January 1st, 2024. Since then, SBSI stock has decreased by 10.0% and is now trading at $28.18.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our SBSI earnings forecast.

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.

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

Southside Bancshares declared a quarterly dividend on Thursday, February 1st. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.36 per share on Thursday, February 29th. This represents a $1.44 annualized dividend and a yield of 5.11%. The ex-dividend date is Wednesday, February 14th.
Read our dividend analysis for SBSI.

Southside Bancshares (NASDAQ:SBSI) pays an annual dividend of $1.44 per share and currently has a dividend yield of 5.29%. 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.

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.

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).

Southside Bancshares' stock is owned by a variety of retail and institutional investors. Top institutional investors include Chatham Capital Group Inc. (0.16%), Hennion & Walsh Asset Management Inc. (0.05%) and Denali Advisors LLC (0.03%). Insiders that own company stock include Brian K Mccabe, Cindy Blackstone, Donald W Thedford, Herbert C Buie, Jared C Green, John F Sammons Jr, Julie Shamburger, Lee R Gibson, Susan Elaine Anderson and William Sheehy.
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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.
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