NasdaqGS:SBSI

Stock Analysis Report

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

-3.4%

NasdaqGS:SBSI

-1.9%

US Banks

-1.9%

US Market


1 Year Return

-10.2%

NasdaqGS:SBSI

-16.1%

US Banks

-3.3%

US Market

SBSI outperformed the Banks industry which returned -16.1% over the past year.

SBSI underperformed the Market in United States of America which returned -3% over the past year.


Share holder returns

SBSIIndustryMarket
7 Day-3.4%-1.9%-1.9%
30 Day-4.1%-11.1%-6.2%
90 Day-5.3%-4.9%0.3%
1 Year-6.8%-10.2%-13.7%-16.1%-1.1%-3.3%
3 Year13.0%2.1%37.8%28.4%37.9%28.9%
5 Year26.0%6.0%49.3%33.2%50.8%34.1%

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

Valuation

Is Southside Bancshares undervalued based on future cash flows and its price relative to the stock market?

14.71x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Southside Bancshares's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Southside Bancshares's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

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

Southside Bancshares is poor value based on expected growth next year.


Price Based on Value of Assets

Southside Bancshares is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Southside Bancshares expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

6.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Southside Bancshares's revenue is expected to grow by 6.1% yearly, however this is not considered high growth (20% yearly).

Southside Bancshares's earnings are expected to grow by 6.3% yearly, however this is not considered high growth (20% yearly).

Southside Bancshares's revenue growth is positive but not above the United States of America market average.

Southside Bancshares's earnings growth is positive but not above the United States of America market average.

Southside Bancshares's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Southside Bancshares is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


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

Southside Bancshares has delivered over 20% year on year earnings growth in the past 5 years.

Southside Bancshares's 1-year earnings growth exceeds its 5-year average (22.5% vs 20%)

Southside Bancshares's earnings growth has not exceeded the US Banks industry average in the past year (22.5% vs 33.1%).


Return on Equity

Southside Bancshares has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Southside Bancshares used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

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.


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

Information is not available.

Information is not available.


Financial Institutions Analysis

Southside Bancshares has an acceptable proportion of non-loan assets held.

Southside Bancshares has a low allowance for bad loans.

Southside Bancshares's liabilities are made up of primarily low risk sources of funding.

Southside Bancshares's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Southside Bancshares are broadly funded by customer deposits.

Southside Bancshares has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Southside Bancshares's current dividend yield, its reliability and sustainability?

3.96%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Southside Bancshares's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.52%).

Southside Bancshares's dividend is below the markets top 25% of dividend payers in United States of America (3.93%).

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

Dividends paid are covered by earnings (1.8x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.8x coverage).


Next Steps

Management

What is the CEO of Southside Bancshares's salary, the management and board of directors tenure and is there insider trading?

2.2yrs

Average management tenure


CEO

Lee Gibson (62yo)

2.6yrs

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

Lee's remuneration is lower than average for companies of similar size in United States of America.

Lee's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

2.2yrs

Average Tenure

62yo

Average Age

The tenure for the Southside Bancshares management team is about average.


Board Age and Tenure

7.3yrs

Average Tenure

65.5yo

Average Age

The tenure for the Southside Bancshares board of directors is about average.


Insider Trading

More shares have been bought than sold by Southside Bancshares individual insiders in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

BuyUS$4,40615 Aug 19
John Garrett
EntityIndividual
Role
Chairman of the Board
Chairman
Shares135
Max PriceUS$32.64
BuyUS$33,01006 Jun 19
Tony Morgan
EntityIndividual
Shares1,000
Max PriceUS$33.01
BuyUS$1,40515 May 19
John Garrett
EntityIndividual
Role
Chairman of the Board
Chairman
Shares41
Max PriceUS$34.27
BuyUS$3,01302 May 19
John Garrett
EntityIndividual
Role
Chairman of the Board
Chairman
Shares86
Max PriceUS$35.04
BuyUS$4,39819 Feb 19
John Garrett
EntityIndividual
Role
Chairman of the Board
Chairman
Shares127
Max PriceUS$34.63
BuyUS$31,85412 Dec 18
Tony Morgan
EntityIndividual
Shares1,000
Max PriceUS$31.85
BuyUS$1,40916 Nov 18
John Garrett
EntityIndividual
Role
Chairman of the Board
Chairman
Shares43
Max PriceUS$32.77
BuyUS$2,90701 Nov 18
John Garrett
EntityIndividual
Role
Chairman of the Board
Chairman
Shares91
Max PriceUS$31.95
BuyUS$62,29631 Oct 18
Tony Morgan
EntityIndividual
Shares2,000
Max PriceUS$31.15

Ownership Breakdown


Management Team

  • Lee Gibson (62yo)

    President

    • Tenure: 2.6yrs
    • Compensation: US$1.59m
  • Julie Shamburger (56yo)

    Senior EVP & CFO

    • Tenure: 3.3yrs
    • Compensation: US$694.98k
  • Tim Carter (64yo)

    Executive Vice President

    • Tenure: 1.9yrs
    • Compensation: US$753.61k
  • Brian McCabe (58yo)

    Senior EVP & COO

    • Tenure: 2.2yrs
    • Compensation: US$510.76k
  • Tim Alexander (62yo)

    Chief Lending Officer

    • Tenure: 0.0yrs
    • Compensation: US$994.96k
  • Suni Davis

    Senior VP & Chief Risk Officer

    • Tenure: 0.0yrs
  • Trey Denman

    Executive Vice President

    • Tenure: 1.8yrs
  • Anne Martinez

    Executive VP & Senior loan Review Officer

    • Tenure: 0.0yrs
  • Vonna Crowley

    Senior VP & Compliance Officer

    • Tenure: 0.0yrs
  • Lindsey Bibby

    VP & Investor Relations Officer

    • Tenure: 0.0yrs

Board Members

  • Lee Gibson (62yo)

    President

    • Tenure: 2.6yrs
    • Compensation: US$1.59m
  • William Sheehy (78yo)

    Director

    • Tenure: 36.6yrs
    • Compensation: US$81.50k
  • Herbert Buie (88yo)

    Director

    • Tenure: 31.6yrs
    • Compensation: US$81.50k
  • Melvin Lovelady (82yo)

    Director

    • Tenure: 14.6yrs
    • Compensation: US$124.50k
  • Susan Anderson (66yo)

    Director

    • Tenure: 5.6yrs
    • Compensation: US$81.50k
  • Bob Garrett (65yo)

    Chairman

    • Tenure: 1.3yrs
    • Compensation: US$140.56k
  • Don Thedford (69yo)

    Vice Chairman

    • Tenure: 1.3yrs
    • Compensation: US$109.13k
  • Preston Smith (63yo)

    Director

    • Tenure: 10.0yrs
    • Compensation: US$81.50k
  • Patti Callan (60yo)

    Director

    • Tenure: 5.6yrs
    • Compensation: US$81.50k
  • Larry Anderson (62yo)

    Director

    • Tenure: 8.9yrs
    • 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$1.087b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SBSINasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDMay 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/25 23:47
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.