Southside Bancshares
Market Cap
US$1.2b
Last Updated
2020/02/23 00:42 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.
Rewards
Risk Analysis
Snowflake Analysis
Flawless 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
Stable Share Price: SBSI has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-2.5%
SBSI
-1.2%
US Banks
-1.1%
US Market
1 Year Return
1.1%
SBSI
10.3%
US Banks
17.9%
US Market
Return vs Industry: SBSI underperformed the US Banks industry which returned 10.3% over the past year.
Return vs Market: SBSI underperformed the US Market which returned 17.9% over the past year.
Shareholder returns
| SBSI | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.5% | -1.2% | -1.1% |
| 30 Day | -3.0% | -0.3% | 1.4% |
| 90 Day | -0.5% | -0.9% | 6.9% |
| 1 Year | 4.8%1.1% | 13.5%10.3% | 20.3%17.9% |
| 3 Year | 13.0%1.8% | 24.0%15.1% | 47.8%38.3% |
| 5 Year | 65.3%38.9% | 73.8%54.1% | 71.9%53.0% |
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
Would Southside Bancshares, Inc. (NASDAQ:SBSI) Be Valuable To Income Investors?3 weeks ago | Simply Wall St
Here's What Southside Bancshares, Inc.'s (NASDAQ:SBSI) P/E Is Telling Us1 month ago | Simply Wall St
Do Directors Own Southside Bancshares, Inc. (NASDAQ:SBSI) Shares?Valuation
Is Southside Bancshares undervalued compared to its fair value and its price relative to the market?
15.98x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SBSI ($35.3) is trading above our estimate of fair value ($35.09)
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 (16x) compared to the Banks industry average (12.6x).
PE vs Market: SBSI is good value based on its PE Ratio (16x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: SBSI is poor value based on its PEG Ratio (3x)
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?
5.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SBSI's forecast earnings growth (5.4% per year) is above the savings rate (1.7%).
Earnings vs Market: SBSI's earnings (5.4% per year) are forecast to grow slower than the US market (14.1% per year).
High Growth Earnings: SBSI's earnings are forecast to grow, but not significantly.
Revenue vs Market: SBSI's revenue (7.4% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: SBSI's revenue (7.4% 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 (9.9%).
Next Steps
Past Performance
How has Southside Bancshares performed over the past 5 years?
21.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SBSI has high quality earnings.
Growing Profit Margin: SBSI's current net profit margins (36%) are lower than last year (36.3%).
Past Earnings Growth Analysis
Earnings Trend: SBSI's earnings have grown significantly by 21% per year over the past 5 years.
Accelerating Growth: SBSI's earnings growth over the past year (0.6%) is below its 5-year average (21% per year).
Earnings vs Industry: SBSI earnings growth over the past year (0.6%) underperformed the Banks industry 12.2%.
Return on Equity
High ROE: SBSI's Return on Equity (9.3%) is considered low.
Return on Assets
Return on Capital Employed
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 0.1x debt).
Financial Institutions Analysis
Asset Level: SBSI's level of assets compared to its equity is low.
Allowance for Bad Loans: SBSI has a sufficient 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 (0.48%)
Next Steps
Dividend
What is Southside Bancshares's current dividend yield, its reliability and sustainability?
3.60%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SBSI's dividend (3.6%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: SBSI's dividend (3.6%) is low compared to the top 25% of dividend payers in the US market (3.73%).
Stability and Growth of Payments
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 (55.7%), 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 (55% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.7yrs
Average management tenure
CEO
Lee Gibson (62yo)
3.1yrs
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 below average for companies of similar size in the US market ($USD2.51M).
Compensation vs Earnings: Lee's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.1yrs | US$1.59m | 0.18% $2.2m | |
| Senior EVP & CFO | 3.8yrs | US$694.98k | 0.088% $1.1m | |
| Senior EVP & COO | 2.7yrs | US$510.76k | 0.10% $1.2m | |
| Regional President of East Texas & Director | 2.3yrs | US$1.11m | 0.86% $10.3m | |
| Chief Lending Officer | 0yrs | US$994.96k | 0.081% $965.1k | |
| VP & Investor Relations | 0yrs | no data | no data | |
| Senior VP & Compliance Officer | 0yrs | no data | no data | |
| Executive Vice President | 2.4yrs | US$753.61k | no data | |
| Senior VP & Chief Risk Officer | 0yrs | no data | 0.022% $262.6k | |
| Executive Vice President | 2.3yrs | no data | no data |
2.7yrs
Average Tenure
62yo
Average Age
Experienced Management: SBSI's management team is considered experienced (2.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.1yrs | US$1.59m | 0.18% $2.2m | |
| Regional President of East Texas & Director | 2.3yrs | US$1.11m | 0.86% $10.3m | |
| Independent Director | 37.1yrs | US$81.50k | 0.45% $5.3m | |
| Independent Director | 32.1yrs | US$81.50k | 1.99% $23.8m | |
| Independent Director | 15.1yrs | US$124.50k | 0.061% $732.3k | |
| Chairman | 1.8yrs | US$140.56k | 0.041% $487.7k | |
| Vice Chairman | 1.8yrs | US$109.13k | 0.037% $440.0k | |
| Independent Director | 10.5yrs | US$81.50k | 0.031% $374.7k | |
| Independent Director | 6.1yrs | US$81.50k | 0.024% $282.3k | |
| Independent Director | 9.4yrs | US$81.50k | 0.050% $592.9k |
7.8yrs
Average Tenure
64yo
Average Age
Experienced Board: SBSI's board of directors are considered experienced (7.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SBSI insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$1.194b
- Shares outstanding: 33.82m
- 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. 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. As of November 12, 2019, the company operated through 59 banking facilities in East, North, Central, and Southeast Texas, as well as a network of 81 local ATMs/ITMs. Southside Bancshares, Inc. was founded in 1960 and is headquartered in Tyler, Texas.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/23 00:42 |
| End of Day Share Price | 2020/02/21 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.