Southside Bancshares
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. The last earnings update was 20 days ago. More info.
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SBSI Share Price and Events
7 Day Returns
1 Year Returns
SBSI Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Southside Bancshares (SBSI) | 2.5% | 0% | 6.6% | 1.5% | 58.9% | 39.8% |
| US Banks | 3.3% | 3.5% | 2.2% | -9.2% | 61.6% | 49.7% |
| US Market | 1.4% | 5.6% | 5.7% | 2.3% | 44.2% | 40.9% |
1 Year Return vs Industry and Market
- SBSI outperformed the Banks industry which returned -9.2% over the past year.
SBSI Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Southside Bancshares
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Southside Bancshares.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Weighted future Return on Equity estimates from 5 analysts.
= Stable Book Value * Return on Equity = $23.08 * 10.4% |
$2.39 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 5 analysts. | $23.08 |
| Discount Rate (Cost of Equity) | See below | 11.6% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 7.3% |
| Banks Unlevered Beta | Simply Wall St/ S&P Global | 0.64 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.641 (1 + (1- 21%) (77.28%)) |
1.226 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.23 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.226 * 7.27%) |
11.64% |
Discounted Cash Flow Calculation for NasdaqGS:SBSI using Excess Returns Model Model
The calculations below outline how an intrinsic value for Southside Bancshares is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (10.4% – 11.64%) * $23.08) |
$-0.30 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $-0.30 / (11.64% - 2.73%) |
$-3.34 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $23.08 + $-3.34 |
$19.73 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $19.73 |
| Current discount | Discount to share price of
$34.74
= -1 x ($34.74 - $19.73) / $19.73 |
-76% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Southside Bancshares is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Southside Bancshares's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Southside Bancshares's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $2.12 |
| NasdaqGS:SBSI Share Price ** | NasdaqGS (2019-02-21) in USD | $34.74 |
| United States of America Banks Industry PE Ratio | Median Figure of 584 Publicly-Listed Banks Companies | 13.52x |
| United States of America Market PE Ratio | Median Figure of 3,045 Publicly-Listed Companies | 17.39x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Southside Bancshares.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:SBSI Share Price ÷ EPS (both in USD) = 34.74 ÷ 2.12 |
16.38x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Southside Bancshares is overvalued based on earnings compared to the US Banks industry average.
- Southside Bancshares is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Southside Bancshares's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 16.38x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts |
4.2%per year |
| United States of America Banks Industry PEG Ratio | Median Figure of 261 Publicly-Listed Banks Companies | 1.25x |
| United States of America Market PEG Ratio | Median Figure of 2,118 Publicly-Listed Companies | 1.44x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 16.38x ÷ 4.2% |
3.86x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Southside Bancshares is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Southside Bancshares's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $21.68 |
| NasdaqGS:SBSI Share Price * | NasdaqGS (2019-02-21) in USD | $34.74 |
| United States of America Banks Industry PB Ratio | Median Figure of 587 Publicly-Listed Banks Companies | 1.26x |
| United States of America Market PB Ratio | Median Figure of 5,129 Publicly-Listed Companies | 1.87x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:SBSI Share Price ÷ Book Value per Share (both in USD) = 34.74 ÷ 21.68 |
1.6x |
* Primary Listing of Southside Bancshares.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Southside Bancshares is overvalued based on assets compared to the US Banks industry average.
Value checks
We assess Southside Bancshares's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check) Southside Bancshares has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
SBSI Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Southside Bancshares's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Southside Bancshares's earnings growth is positive but not above the United States of America market average.
- Southside Bancshares's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:SBSI Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts | 4.2% |
| NasdaqGS:SBSI Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts | 6.9% |
| United States of America Banks Industry Earnings Growth Rate | Market Cap Weighted Average | 4.4% |
| United States of America Banks Industry Revenue Growth Rate | Market Cap Weighted Average | 5.3% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 12.7% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 235 | 81 | 5 | |
| 2019-12-31 | 225 | 77 | 5 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 204 | 74 | |
| 2018-09-30 | 200 | 117 | 67 |
| 2018-06-30 | 192 | 114 | 61 |
| 2018-03-31 | 183 | 101 | 56 |
| 2017-12-31 | 177 | 92 | 54 |
| 2017-09-30 | 170 | 97 | 56 |
| 2017-06-30 | 171 | 100 | 54 |
| 2017-03-31 | 167 | 93 | 51 |
| 2016-12-31 | 169 | 87 | 49 |
| 2016-09-30 | 171 | 80 | 49 |
| 2016-06-30 | 168 | 80 | 48 |
| 2016-03-31 | 169 | 77 | 48 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
All data from Southside Bancshares Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 2.36 | 2.42 | 2.30 | 5.00 |
| 2019-12-31 | 2.25 | 2.29 | 2.20 | 5.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 2.12 |
| 2018-09-30 | 1.96 |
| 2018-06-30 | 1.87 |
| 2018-03-31 | 1.78 |
| 2017-12-31 | 1.82 |
| 2017-09-30 | 1.92 |
| 2017-06-30 | 1.91 |
| 2017-03-31 | 1.84 |
| 2016-12-31 | 1.82 |
| 2016-09-30 | 1.83 |
| 2016-06-30 | 1.78 |
| 2016-03-31 | 1.77 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Southside Bancshares's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Southside Bancshares has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
SBSI Past Performance
How has Southside Bancshares performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Southside Bancshares's year on year earnings growth rate has been positive over the past 5 years.
- Southside Bancshares's 1-year earnings growth exceeds its 5-year average (36.5% vs 16.4%)
- Southside Bancshares's earnings growth has not exceeded the US Banks industry average in the past year (36.5% vs 40.2%).
Earnings and Revenue History
All data from Southside Bancshares Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 204.40 | 74.14 | 97.23 | |
| 2018-09-30 | 200.44 | 67.09 | 92.80 | |
| 2018-06-30 | 192.39 | 61.30 | 89.85 | |
| 2018-03-31 | 182.92 | 55.57 | 87.35 | |
| 2017-12-31 | 176.77 | 54.31 | 83.54 | |
| 2017-09-30 | 169.92 | 55.55 | 82.62 | |
| 2017-06-30 | 170.55 | 53.91 | 85.15 | |
| 2017-03-31 | 167.16 | 50.82 | 85.75 | |
| 2016-12-31 | 169.20 | 49.35 | 88.43 | |
| 2016-09-30 | 171.47 | 49.47 | 91.29 | |
| 2016-06-30 | 167.81 | 48.37 | 86.41 | |
| 2016-03-31 | 169.40 | 48.13 | 88.45 | |
| 2015-12-31 | 164.23 | 44.00 | 87.66 | |
| 2015-09-30 | 151.88 | 28.36 | 81.58 | |
| 2015-06-30 | 137.39 | 22.70 | 80.84 | |
| 2015-03-31 | 127.54 | 21.99 | 75.15 | |
| 2014-12-31 | 116.37 | 20.83 | 68.08 | |
| 2014-09-30 | 120.59 | 36.97 | 68.26 | |
| 2014-06-30 | 124.13 | 39.76 | 68.56 | |
| 2014-03-31 | 126.36 | 40.37 | 68.31 | |
| 2013-12-31 | 128.00 | 41.19 | 68.56 | |
| 2013-09-30 | 123.55 | 37.22 | 67.87 | |
| 2013-06-30 | 123.38 | 36.94 | 66.68 | |
| 2013-03-31 | 117.87 | 33.60 | 65.49 | |
| 2012-12-31 | 118.41 | 34.70 | 63.16 | |
| 2012-09-30 | 119.26 | 36.04 | 63.52 | |
| 2012-06-30 | 118.32 | 35.99 | 63.06 | |
| 2012-03-31 | 125.23 | 40.90 | 62.74 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Southside Bancshares has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Southside Bancshares used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
- Unable to establish if Southside Bancshares improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess Southside Bancshares's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Southside Bancshares has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
SBSI Health
This company is a bank or financial institution.Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Balance sheet
Assets
Liabilities and shares
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Southside Bancshares Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 731.29 | 914.53 | 120.72 |
| 2018-09-30 | 752.51 | 732.11 | 174.38 |
| 2018-06-30 | 751.81 | 945.70 | 232.90 |
| 2018-03-31 | 746.40 | 940.15 | 262.81 |
| 2017-12-31 | 754.14 | 1,185.44 | 199.30 |
| 2017-09-30 | 556.02 | 1,310.16 | 185.94 |
| 2017-06-30 | 547.07 | 1,344.99 | 238.14 |
| 2017-03-31 | 531.47 | 1,372.13 | 247.50 |
| 2016-12-31 | 518.27 | 1,475.16 | 169.65 |
| 2016-09-30 | 472.56 | 1,342.33 | 199.15 |
| 2016-06-30 | 472.30 | 944.87 | 64.11 |
| 2016-03-31 | 457.58 | 882.45 | 68.45 |
| 2015-12-31 | 444.06 | 1,210.35 | 80.98 |
| 2015-09-30 | 447.15 | 1,003.88 | 71.89 |
| 2015-06-30 | 431.67 | 917.35 | 77.03 |
| 2015-03-31 | 434.81 | 753.23 | 107.18 |
| 2014-12-31 | 425.24 | 961.97 | 84.66 |
| 2014-09-30 | 291.11 | 590.24 | 69.22 |
| 2014-06-30 | 283.96 | 576.49 | 154.42 |
| 2014-03-31 | 271.39 | 588.48 | 57.39 |
| 2013-12-31 | 259.52 | 633.96 | 54.43 |
| 2013-09-30 | 240.96 | 758.63 | 59.68 |
| 2013-06-30 | 236.12 | 588.08 | 49.80 |
| 2013-03-31 | 255.90 | 614.35 | 55.12 |
| 2012-12-31 | 257.76 | 581.60 | 150.63 |
| 2012-09-30 | 276.57 | 595.18 | 131.97 |
| 2012-06-30 | 263.36 | 670.71 | 106.24 |
| 2012-03-31 | 259.88 | 515.94 | 46.21 |
BANK ANALYSIS
This company is a bank or financial institution, which is analysed accordingly below.
- Southside Bancshares has an acceptable proportion of non-loan assets held.
- Southside Bancshares's liabilities are made up of primarily low risk sources of funding.
- Loans at Southside Bancshares are broadly funded by customer deposits.
- Southside Bancshares's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
- Southside Bancshares has a low allowance for bad loans.
- Southside Bancshares has an acceptable level of bad loans (less than 2%).
Financial health checks
We assess Southside Bancshares's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Southside Bancshares has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
SBSI Dividends
What is Southside Bancshares's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Southside Bancshares
shares you are expected to receive
$70
in your first year as a dividend.
Dividend Amount
- Southside Bancshares's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
- Southside Bancshares's dividend is below the markets top 25% of dividend payers in United States of America (3.54%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
| United States of America Banks Industry Average Dividend Yield | Market Cap Weighted Average of 467 Stocks | 2.8% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2001 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.5% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | 1.32 | 5.00 |
| 2019-12-31 | 1.28 | 5.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-07 | 1.220 | 3.591 |
| 2018-11-08 | 1.220 | 3.708 |
| 2018-08-09 | 1.220 | 3.547 |
| 2018-04-26 | 1.220 | 3.548 |
| 2018-02-01 | 1.140 | 3.277 |
| 2017-11-02 | 1.140 | 3.283 |
| 2017-08-03 | 1.169 | 3.399 |
| 2017-05-04 | 1.140 | 3.321 |
| 2017-02-13 | 1.024 | 3.083 |
| 2017-01-27 | 1.024 | 3.069 |
| 2016-08-04 | 1.015 | 3.037 |
| 2016-05-05 | 0.966 | 3.290 |
| 2016-02-11 | 0.929 | 3.886 |
| 2015-11-06 | 0.929 | 4.150 |
| 2015-08-06 | 0.948 | 3.803 |
| 2015-05-07 | 0.948 | 3.633 |
| 2015-02-12 | 0.903 | 3.516 |
| 2014-11-06 | 0.867 | 3.293 |
| 2014-08-07 | 0.863 | 3.008 |
| 2014-05-08 | 0.828 | 3.364 |
| 2014-02-13 | 0.792 | 3.096 |
| 2013-11-07 | 0.792 | 3.485 |
| 2013-08-08 | 0.784 | 3.530 |
| 2013-05-09 | 0.784 | 3.911 |
| 2013-02-14 | 0.747 | 4.337 |
| 2012-11-08 | 0.747 | 4.427 |
| 2012-08-09 | 0.803 | 4.635 |
| 2012-03-29 | 0.803 | 4.712 |
| 2012-02-16 | 0.703 | 4.223 |
| 2011-11-10 | 0.703 | 4.298 |
| 2011-08-15 | 0.674 | 4.527 |
| 2011-05-12 | 0.644 | 4.239 |
| 2011-02-17 | 0.619 | 3.892 |
| 2010-11-10 | 0.619 | 4.066 |
| 2010-08-12 | 0.634 | 4.642 |
| 2010-05-13 | 0.634 | 4.422 |
| 2010-05-06 | 0.610 | 3.879 |
| 2010-04-15 | 0.610 | 3.846 |
| 2010-02-18 | 0.610 | 4.132 |
| 2010-01-28 | 0.610 | 4.488 |
| 2009-11-12 | 0.527 | 3.809 |
| 2009-08-13 | 0.448 | 2.923 |
| 2009-05-14 | 0.448 | 2.818 |
| 2009-02-23 | 0.403 | 3.155 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Southside Bancshares's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (1.8x coverage).
- Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
Income/ dividend checks
We assess Southside Bancshares's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Southside Bancshares afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Southside Bancshares has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
SBSI Management
CEO
| COMPENSATION | $1,864,680 |
| AGE | 61 |
| TENURE AS CEO | 2.1 years |
CEO Bio
Mr. Lee R. Gibson, III, CPA, has been the President of Southside Bancshares, Inc. since December 14, 2015 and has been its Chief Executive Officer since January 01, 2017. Mr. Gibson has been the President of Southside Bank since December 14, 2015 and has been its Chief Executive Officer since December 31, 2016 and served as its Chief Financial Officer since 2000 until April 18, 2016. Mr. Gibson served as the Chief Financial Officer at Southside Bancshares Inc. since 2000 until April 18, 2016. He served as Senior Executive Vice President of Southside Bank since February 2009. He served as Senior Executive Vice President of Southside Bancshares Inc. since 1999. He served as Principal Accounting Officer of Southside Bancshares Inc. From 1990 to February 2009, he served as an Executive Vice President of Southside Bank. He joined Southside Bank in 1984 & Southside Bancshares Inc., in 1985 and is responsible for management of Southside Bank's investment portfolio and asset liability management. Mr. Gibson serves as Director of Southside Bank since 1999. He served as Chairman of the Council at Federal Home Loan Bank since March 2010. He served as Chairman of Federal Home Loan Bank of Dallas from January 1, 2007 to December 31, 2012 and its Director from January 1, 2002 to December 31, 2012. He has been a Director of Southside Bancshares Inc. since December 14, 2015. He serves as a Director of the Tyler Junior College Foundation. He serves on Executive Board of the East Texas Area Council of Boy Scouts. He served as Auditor for Ernst & Young. Mr. Gibson is a Certified Public Accountant.
CEO Compensation
- Lee's compensation has increased by more than 20% in the past year.
- Lee's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Southside Bancshares management team in years:
- The average tenure for the Southside Bancshares management team is less than 2 years, this suggests a new team.
Management Team
Lee Gibson
President
$2M
61
2.1 yrs
Julie Shamburger
Senior EVP & CFO
$899K
55
2.8 yrs
Brian McCabe
Senior EVP & COO
$625K
57
1.7 yrs
Bill Clawater
Senior EVP
$600K
64
6.1 yrs
Tim Alexander
Chief Lending Officer
$923K
61
Lindsey Bibby
VP & Investor Relations Officer
Vonna Crowley
Senior VP & Compliance Officer
Tim Carter
Executive Vice President
$754K
63
1.4 yrs
Suni Davis
Chief Risk Officer
Trey Denman
Executive Vice President
1.3 yrs
Board of Directors Tenure
Average tenure and age of the Southside Bancshares board of directors in years:
- The tenure for the Southside Bancshares board of directors is about average.
Board of Directors
Bob Garrett
Chairman
$119K
64
0.8 yrs
Lee Gibson
President
$2M
61
3.2 yrs
Don Thedford
Vic Chairman
$76K
68
0.8 yrs
William Sheehy
Director
$76K
77
36.1 yrs
Melvin Lovelady
Director
$119K
81
14.1 yrs
Preston Smith
Director
$76K
62
9.5 yrs
Larry Anderson
Director
$76K
61
8.4 yrs
Herbert Buie
Director
$76K
87
31.1 yrs
Alton Cade
Director
$76K
82
16.1 yrs
Susan Anderson
Director
$76K
65
5.1 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Southside Bancshares insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 19. Feb 19 | Buy | John Garrett | Individual | 15. Feb 19 | 15. Feb 19 | 127 | $34.63 | $4,398 | ||
| 12. Dec 18 | Buy | Tony Morgan | Individual | 10. Dec 18 | 10. Dec 18 | 1,000 | $31.85 | $31,854 | ||
| 16. Nov 18 | Buy | John Garrett | Individual | 15. Nov 18 | 15. Nov 18 | 43 | $32.77 | $1,409 | ||
| 01. Nov 18 | Buy | John Garrett | Individual | 31. Oct 18 | 31. Oct 18 | 91 | $31.95 | $2,907 | ||
| 31. Oct 18 | Buy | Tony Morgan | Individual | 30. Oct 18 | 30. Oct 18 | 2,000 | $31.15 | $62,296 | ||
| 15. Aug 18 | Buy | John Garrett | Individual | 15. Aug 18 | 15. Aug 18 | 40 | $35.49 | $1,420 | ||
| 02. Aug 18 | Buy | John Garrett | Individual | 01. Aug 18 | 01. Aug 18 | 128 | $35.57 | $4,553 | ||
| 03. May 18 | Buy | John Garrett | Individual | 03. May 18 | 03. May 18 | 90 | $32.27 | $2,904 | ||
Management checks
We assess Southside Bancshares's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Southside Bancshares has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
SBSI News
Simply Wall St News
Southside Bancshares Shareholders Booked A 62% Gain In The Last Three Years
One flawed but reasonable way to assess how sentiment around a company has changed, is to compare the earnings per share (EPS) with the share price. … Southside Bancshares was able to grow its EPS at 9.6% per year over three years, sending the share price higher. … In comparison, the 17% per year gain in the share price outpaces the EPS growth.
Simply Wall St - – Full articleHave You Considered These Key Risks For Southside Bancshares, Inc. (NASDAQ:SBSI)?
Its profit and value are directly impacted by its borrowers’ ability to pay which is driven by the level of economic growth. … This is because growth determines the stability of a borrower’s salary as well as the level of interest rates. … Since the level of risky assets held by the bank impacts the attractiveness of it as an investment, I will take you through three metrics that are insightful proxies for risk.
Simply Wall St - – Full articleSouthside Bancshares, Inc. (NASDAQ:SBSI) Insiders Increased Their Holdings
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … It's quite normal to see company insiders, such as board members, trading in company stock, from time to time. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'?
Simply Wall St - – Full articleIs Now An Opportune Moment To Examine Southside Bancshares, Inc. (NASDAQ:SBSI)?
saw significant share price movement during recent months on the NasdaqGS, rising to highs of $36.74 and falling to the lows of $30. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … Let’s take a look at Southside Bancshares’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change
Simply Wall St - – Full articleThree Understated Metrics For Southside Bancshares, Inc. (NASDAQ:SBSI) You Should Know
As a small-cap bank stock with a market capitalisation of US$1.1b, Southside Bancshares, Inc.’s (NASDAQ:SBSI) risk and profitability are largely determined by the underlying economic growth of the US regions in which it operates. … The Basel III reforms are aimed at banking regulations to improve financial institutions’ ability to absorb shocks caused by economic stress which could expose banks like Southside Bancshares to vulnerabilities. … High liquidity and low leverage could position Southside Bancshares favourably at the face of macro headwinds.
Simply Wall St - – Full articleIs Southside Bancshares Inc (NASDAQ:SBSI) A Volatile Stock?
Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.
Simply Wall St - – Full articleShould Southside Bancshares Inc (NASDAQ:SBSI) Be Part Of Your Dividend Portfolio?
There is a lot to be liked about Southside Bancshares Inc (NASDAQ:SBSI) as an income stock. … The company currently pays out a dividend yield of 3.8% to shareholders, making it a relatively attractive dividend stock. … Let's take a look at Southside Bancshares in more detail.
Simply Wall St - – Full articleAre You Considering All The Risks For Southside Bancshares Inc’s (NASDAQ:SBSI)?
As a small-cap bank with a market capitalisation of US$1.2b, Southside Bancshares Inc’s (NASDAQ:SBSI) profit and value are directly affected by economic growth. … Risk associated with repayment is measured by bad debt which is written off as an expense, impacting Southside Bancshares’s bottom line. … Check out our latest analysis for Southside Bancshares
Simply Wall St - – Full articleShould You Consider Southside Bancshares Inc (NASDAQ:SBSI)?
I've been keeping an eye on Southside Bancshares Inc (NASDAQ:SBSI) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe SBSI has a lot to offer. … , dividend-paying company with a
Simply Wall St - – Full articleIs Buying Southside Bancshares Inc (NASDAQ:SBSI) For Its Upcoming US$0.30 Dividend A Good Choice?
Have you been keeping an eye on Southside Bancshares Inc's (NASDAQ:SBSI) upcoming dividend of US$0.30 per share payable on the 06 September 2018? … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I examine Southside Bancshares's latest financial data to analyse its dividend characteristics. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:?
Simply Wall St - – Full articleSBSI Company Info
Map
Description
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 installment 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 trust services consisting of investment management, administration, and advisory services for individuals, partnerships, and corporations; safe deposit services; and brokerage services. The company operates through 60 branches and 40 motor bank facilities located in Tyler, Longview, Lindale, Gresham, Jacksonville, Bullard, Chandler, Hawkins, Palestine, Gun Barrel City, Whitehouse, Fort Worth, Arlington, Cleburne, Euless, Flower Mound, Frisco, Granbury, Grapevine, Irving, Watauga, Weatherford, Austin, Diboll, Lufkin, Nacogdoches, Cleveland, Splendora, Jasper, Pineland, Hemphill, and San Augustine; and a network of approximately 84 automated teller machines, as well as trust services, and/or loan production or other financial services offices. Southside Bancshares, Inc. was founded in 1960 and is headquartered in Tyler, Texas.
Details
| Name: | Southside Bancshares, Inc. |
| SBSI | |
| Exchange: | NasdaqGS |
| Founded: | 1960 |
| $1,183,410,250 | |
| 33,725,000 | |
| Website: | http://www.southside.com |
| Address: |
Southside Bancshares, Inc. 1201 South Beckham Avenue, Tyler, Texas, 75701, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | SBSI | Common Stock | Nasdaq Global Select | US | USD | 07. May 1998 |
Number of employees
Current staff
Industry
| Regional Banks | |
| Banks |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/02/21 23:46 |
| End of day share price update: | 2019/02/21 00:00 |
| Last estimates confirmation: | 2019/02/07 |
| Last earnings filing: | 2019/02/01 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
