Southside Bancshares
Market Cap
US$1.2b
Last Updated
2019/10/23 23:45 UTC
Data Sources
Company Financials +
Executive Summary
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.
Snowflake
Fundamentals
Excellent balance sheet average dividend payer.
Similar Companies
Share Price & News
How has Southside Bancshares's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
2.0%
SBSI
2.9%
US Banks
0.07%
US Market
1 Year Return
17.3%
SBSI
8.6%
US Banks
8.9%
US Market
Return vs Industry: SBSI exceeded the US Banks industry which returned 8.6% over the past year.
Return vs Market: SBSI exceeded the US Market which returned 8.9% over the past year.
Shareholder returns
| SBSI | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.0% | 2.9% | 0.07% |
| 30 Day | 2.1% | 3.4% | -0.3% |
| 90 Day | 7.0% | 2.1% | -1.6% |
| 1 Year | 21.6%17.3% | 11.8%8.6% | 11.3%8.9% |
| 3 Year | 22.7%10.9% | 54.8%44.1% | 46.3%36.8% |
| 5 Year | 45.3%22.3% | 70.2%51.6% | 62.1%44.3% |
Price Volatility Vs. Market
How volatile is Southside Bancshares's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
If You Like EPS Growth Then Check Out Southside Bancshares (NASDAQ:SBSI) Before It's Too Late2 weeks ago | Simply Wall St
Is Southside Bancshares, Inc.'s (NASDAQ:SBSI) High P/E Ratio A Problem For Investors?1 month ago | Simply Wall St
What Kind Of Shareholder Owns Most Southside Bancshares, Inc. (NASDAQ:SBSI) Stock?Valuation
Is Southside Bancshares undervalued compared to its fair value and its price relative to the market?
16.06x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SBSI ($35.18) is trading above our estimate of fair value ($29.73)
Significantly Below Fair Value: SBSI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SBSI is poor value based on its PE Ratio (16.1x) compared to the Banks industry average (12.6x).
PE vs Market: SBSI is good value based on its PE Ratio (16.1x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: SBSI is poor value based on its PEG Ratio (3.1x)
Price to Book Ratio
PB vs Industry: SBSI is overvalued based on its PB Ratio (1.5x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is Southside Bancshares forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
5.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SBSI's forecast earnings growth (5.1% per year) is above the savings rate (2.7%).
Earnings vs Market: SBSI's earnings (5.1% per year) are forecast to grow slower than the US market (14.5% per year).
High Growth Earnings: SBSI's earnings are forecast to grow, but not significantly.
Revenue vs Market: SBSI's revenue (5.7% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: SBSI's revenue (5.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SBSI's Return on Equity is forecast to be low in 3 years time (10.5%).
Next Steps
Past Performance
How has Southside Bancshares performed over the past 5 years?
20.0%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: SBSI's earnings have grown significantly by 20% per year over the past 5 years.
Accelerating Growth: SBSI's earnings growth over the past year (22.5%) exceeds its 5-year average (20% per year).
Earnings vs Industry: SBSI earnings growth over the past year (22.5%) underperformed the Banks industry 29.7%.
Return on Equity
High ROE: SBSI's Return on Equity (9.5%) is considered low.
Return on Assets
ROA vs Industry: SBSI has a higher Return on Assets than the Banks industry average last year.
Return on Capital Employed
ROCE Improving: Insufficient data to calculate SBSI's Return on Capital Employed to determine if it has improved over the past 3 years.
Next Steps
Financial Health
How is Southside Bancshares's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: SBSI has a low level of unsold assets or inventory.
Debt Coverage by Assets: SBSI's debt is not covered by short term assets (assets are 0.2x debt).
Financial Institutions Analysis
Asset Level: SBSI's level of assets compared to its equity is low.
Allowance for Bad Loans: SBSI has a low allowance for bad loans.
Low Risk Liabilities: SBSI's liabilities are made up of primarily low risk sources of funding.
Loan Level: SBSI has an acceptable proportion of non-loan assets held.
Low Risk Deposits: SBSI's loans are broadly funded by customer deposits.
Level of Bad Loans: SBSI has an appropriate level of bad loans (0.82%)
Next Steps
Dividend
What is Southside Bancshares's current dividend yield, its reliability and sustainability?
3.58%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: SBSI's dividend (3.58%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: SBSI's dividend (3.58%) is low compared to the top 25% of dividend payers in the US market (3.68%).
Stable Dividend: SBSI's dividend payments have been volatile in the past 10 years.
Growing Dividend: SBSI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (55.2%), SBSI's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SBSI's dividends in 3 years are forecast to be covered by earnings (57.4% payout ratio).
Next Steps
Management
What is the CEO of Southside Bancshares's salary, the management and board of directors tenure and is there insider trading?
2.3yrs
Average management tenure
CEO
Lee Gibson (62yo)
2.8yrs
Tenure
US$1,587,326
Compensation
Mr. Lee R. Gibson, III, CPA, has been the President of Southside Bancshares, Inc. since December 14, 2015 and has been its Chief Executive Officer since January 01, 2017. Mr. Gibson has been the President ...
CEO Compensation Analysis
Compensation vs. Market: Lee's total compensation ($USD1.59M) is about average for companies of similar size in the US market ($USD2.67M).
Compensation vs Earnings: Lee's compensation has been consistent with company performance over the past year.
Management Age and Tenure
2.3yrs
Average Tenure
62yo
Average Age
Experienced Management: SBSI's management team is considered experienced (2.3 years average tenure).
Board Age and Tenure
7.4yrs
Average Tenure
65.5yo
Average Age
Experienced Board: SBSI's board of directors are considered experienced (7.4 years average tenure).
Insider Trading
Insider Buying: SBSI insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 1,500 |
| Max Price | US$33.18 |
| Entity | Individual |
| Role | Chairman of the Board Chairman |
| Shares | 135 |
| Max Price | US$32.64 |
| Entity | Individual |
| Shares | 1,000 |
| Max Price | US$33.01 |
| Entity | Individual |
| Role | Chairman of the Board Chairman |
| Shares | 41 |
| Max Price | US$34.27 |
| Entity | Individual |
| Role | Chairman of the Board Chairman |
| Shares | 86 |
| Max Price | US$35.04 |
| Entity | Individual |
| Role | Chairman of the Board Chairman |
| Shares | 127 |
| Max Price | US$34.63 |
| Entity | Individual |
| Shares | 1,000 |
| Max Price | US$31.85 |
| Entity | Individual |
| Role | Chairman of the Board Chairman |
| Shares | 43 |
| Max Price | US$32.77 |
| Entity | Individual |
| Role | Chairman of the Board Chairman |
| Shares | 91 |
| Max Price | US$31.95 |
| Entity | Individual |
| Shares | 2,000 |
| Max Price | US$31.15 |
Ownership Breakdown
Management Team
Lee Gibson (62yo)
President
- Tenure: 2.8yrs
- Compensation: US$1.59m
Julie Shamburger (56yo)
Senior EVP & CFO
- Tenure: 3.5yrs
- Compensation: US$694.98k
Tim Carter (64yo)
Executive Vice President
- Tenure: 2.1yrs
- Compensation: US$753.61k
Brian McCabe (58yo)
Senior EVP & COO
- Tenure: 2.3yrs
- Compensation: US$510.76k
Tim Alexander (62yo)
Chief Lending Officer
- Tenure: 0yrs
- Compensation: US$994.96k
Suni Davis
Senior VP & Chief Risk Officer
- Tenure: 0yrs
Trey Denman
Executive Vice President
- Tenure: 1.9yrs
Anne Martinez
Executive VP & Senior loan Review Officer
- Tenure: 0yrs
Vonna Crowley
Senior VP & Compliance Officer
- Tenure: 0yrs
Lindsey Bibby
VP & Investor Relations Officer
- Tenure: 0yrs
Board Members
Lee Gibson (62yo)
President
- Tenure: 2.8yrs
- Compensation: US$1.59m
William Sheehy (78yo)
Independent Director
- Tenure: 36.8yrs
- Compensation: US$81.50k
Herbert Buie (88yo)
Independent Director
- Tenure: 31.8yrs
- Compensation: US$81.50k
Melvin Lovelady (82yo)
Independent Director
- Tenure: 14.8yrs
- Compensation: US$124.50k
Susan Anderson (66yo)
Independent Director
- Tenure: 5.8yrs
- Compensation: US$81.50k
Bob Garrett (65yo)
Chairman
- Tenure: 1.4yrs
- Compensation: US$140.56k
Don Thedford (69yo)
Vice Chairman
- Tenure: 1.4yrs
- Compensation: US$109.13k
Preston Smith (63yo)
Independent Director
- Tenure: 10.2yrs
- Compensation: US$81.50k
Patti Callan (60yo)
Independent Director
- Tenure: 5.8yrs
- Compensation: US$81.50k
Larry Anderson (62yo)
Independent Director
- Tenure: 9.1yrs
- Compensation: US$81.50k
Company Information
Southside Bancshares, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Southside Bancshares, Inc.
- Ticker: SBSI
- Exchange: NasdaqGS
- Founded: 1960
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$1.187b
- Shares outstanding: 33.75m
- Website: https://www.southside.com
Number of Employees
Location
- Southside Bancshares, Inc.
- 1201 South Beckham Avenue
- Tyler
- Texas
- 75701
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SBSI | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | May 1998 |
Biography
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. I ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/23 23:45 |
| End of Day Share Price | 2019/10/23 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.