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. More Details
Flawless balance sheet established dividend payer.
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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: SBSI's weekly volatility (6%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: SBSI underperformed the US Banks industry which returned -7.2% over the past year.
Return vs Market: SBSI underperformed the US Market which returned 22.8% over the past year.
Long-Term 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
1 week ago | Simply Wall StHow Much Are Southside Bancshares, Inc. (NASDAQ:SBSI) Insiders Spending On Buying Shares?
1 month ago | Simply Wall StIs Southside Bancshares, Inc. (NASDAQ:SBSI) A Smart Choice For Dividend Investors?
2 months ago | Simply Wall StDid You Participate In Any Of Southside Bancshares' (NASDAQ:SBSI) Respectable 40% Return?
Is Southside Bancshares undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SBSI ($32.95) is trading below our estimate of fair value ($33.66)
Significantly Below Fair Value: SBSI is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: SBSI is poor value based on its PE Ratio (15.7x) compared to the US Banks industry average (12.3x).
PE vs Market: SBSI is good value based on its PE Ratio (15.7x) compared to the US market (21.1x).
Price to Earnings Growth Ratio
PEG Ratio: SBSI is poor value based on its PEG Ratio (4.2x)
Price to Book Ratio
PB vs Industry: SBSI is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1x).
How is Southside Bancshares forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SBSI's forecast earnings growth (3.8% per year) is above the savings rate (2%).
Earnings vs Market: SBSI's earnings (3.8% per year) are forecast to grow slower than the US market (21.6% per year).
High Growth Earnings: SBSI's earnings are forecast to grow, but not significantly.
Revenue vs Market: SBSI's revenue (2.9% per year) is forecast to grow slower than the US market (10.5% per year).
High Growth Revenue: SBSI's revenue (2.9% 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 (9.5%).
How has Southside Bancshares performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SBSI has high quality earnings.
Growing Profit Margin: SBSI's current net profit margins (34.5%) are lower than last year (36.2%).
Past Earnings Growth Analysis
Earnings Trend: SBSI's earnings have grown by 11.8% per year over the past 5 years.
Accelerating Growth: SBSI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SBSI had negative earnings growth (-6.3%) over the past year, making it difficult to compare to the Banks industry average (-4.3%).
Return on Equity
High ROE: SBSI's Return on Equity (8.3%) is considered low.
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
Financial Institutions Analysis
Asset Level: SBSI's Assets to Equity ratio (8.6x) is low.
Allowance for Bad Loans: SBSI has a sufficient allowance for bad loans (339%).
Low Risk Liabilities: 80% of SBSI's liabilities are made up of primarily low risk sources of funding.
Loan Level: SBSI has an appropriate level of Loans to Assets ratio (52%).
Low Risk Deposits: SBSI's Loans to Deposits ratio (73%) is appropriate.
Level of Bad Loans: SBSI has an appropriate level of bad loans (0.4%).
What is Southside Bancshares's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SBSI's dividend (4.04%) is higher than the bottom 25% of dividend payers in the US market (1.37%).
High Dividend: SBSI's dividend (4.04%) is in the top 25% of dividend payers in the US market (3.86%)
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 (59.2%), 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 (55.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Lee Gibson (63 yo)
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 ($USD2.63M) is about average for companies of similar size in the US market ($USD2.39M).
Compensation vs Earnings: Lee's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Chief Financial Officer||4.75yrs||US$1.36m||0.091% |
|Chief Operations Officer||3.58yrs||US$1.02m||0.10% |
|VP & Investor Relations Officer||no data||no data||no data|
|Senior VP & Compliance Officer||no data||no data||no data|
|Executive Vice President||3.33yrs||US$753.61k||no data|
|Chief Risk Officer||no data||no data||0.025% |
|Executive Vice President||3.17yrs||no data||no data|
|Executive VP & Senior Loan Review Officer||no data||no data||no data|
|Senior VP & Chief Audit Executive||no data||no data||no data|
|Chief Credit Officer||no data||no data||0.037% |
|Regional President of the East Texas Market||0.75yr||no data||0.025% |
Experienced Management: SBSI's management team is considered experienced (3.5 years average tenure).
|Independent Director||38yrs||US$92.88k||0.46% |
|Independent Director||33yrs||US$92.88k||2.04% |
|Independent Director||16yrs||US$124.50k||0.069% |
|Independent Director||7yrs||US$92.88k||0.092% |
|Independent Chairman||2.67yrs||US$149.50k||0.054% |
|Independent Vice Chairman||2.67yrs||US$124.50k||0.040% |
|Independent Director||11.42yrs||US$91.76k||0.038% |
|Independent Director||7yrs||US$95.79k||0.024% |
|Independent Director||3.67yrs||US$92.88k||0.088% |
|Independent Director||4yrs||US$92.88k||0.20% |
|Independent Director||10.33yrs||US$92.88k||0.10% |
Experienced Board: SBSI's board of directors are considered experienced (7 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Southside Bancshares, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Southside Bancshares, Inc.
- Ticker: SBSI
- Exchange: NasdaqGS
- Founded: 1960
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$1.090b
- Shares outstanding: 33.07m
- Website: https://www.southside.com
Number of Employees
- Southside Bancshares, Inc.
- 1201 South Beckham Avenue
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SBSI||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||May 1998|
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||2021/01/22 00:35|
|End of Day Share Price||2021/01/21 00:00|
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.