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.
Flawless balance sheet second-rate 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's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: SBSI exceeded the US Banks industry which returned -27.5% over the past year.
Return vs Market: SBSI underperformed the US Market which returned 4.6% over the past year.
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 StHere's What We Like About Southside Bancshares, Inc.'s (NASDAQ:SBSI) Upcoming Dividend
1 month ago | Simply Wall StThose Who Purchased Southside Bancshares (NASDAQ:SBSI) Shares A Year Ago Have A 22% Loss To Show For It
1 month ago | Simply Wall StDo Institutions Own Southside Bancshares, Inc. (NASDAQ:SBSI) Shares?
Is Southside Bancshares undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SBSI ($28.33) is trading above our estimate of fair value ($17.97)
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 (9.4x).
PE vs Market: SBSI is poor value based on its PE Ratio (16x) compared to the US market (15.1x).
Price to Earnings Growth Ratio
PEG Ratio: SBSI is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: SBSI is overvalued based on its PB Ratio (1.2x) compared to the US Banks industry average (0.8x).
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 (11.1% per year) is above the savings rate (2.2%).
Earnings vs Market: SBSI's earnings (11.1% 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 (5.6% per year) is forecast to grow slower than the US market (8.9% per year).
High Growth Revenue: SBSI's revenue (5.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if SBSI's Return on Equity is forecast to be high in 3 years time
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 (31.3%) are lower than last year (37.2%).
Past Earnings Growth Analysis
Earnings Trend: SBSI's earnings have grown by 17.6% 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 (-22.2%) over the past year, making it difficult to compare to the Banks industry average (2.9%).
Return on Equity
High ROE: SBSI's Return on Equity (7.5%) 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 (9.1x) is low.
Allowance for Bad Loans: SBSI has a sufficient allowance for bad loans (322%).
Low Risk Liabilities: 73% 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 (49%).
Low Risk Deposits: SBSI's Loans to Deposits ratio (75%) is appropriate.
Level of Bad Loans: SBSI has an appropriate level of bad loans (0.5%).
What is Southside Bancshares's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SBSI's dividend (4.48%) is higher than the bottom 25% of dividend payers in the US market (1.75%).
High Dividend: SBSI's dividend (4.48%) is low compared to the top 25% of dividend payers in the US market (4.71%).
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 (70.1%), SBSI's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Lee Gibson (62yo)
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 ($USD3.23M).
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||4.08yrs||US$1.36m||0.082% $765.6k|
|Chief Operations Officer||2.92yrs||US$1.02m||0.098% $915.1k|
|Chief Lending Officer||no data||US$1.28m||0.068% $637.6k|
|VP & Investor Relations Officer||no data||no data||no data|
|Senior VP & Compliance Officer||no data||no data||no data|
|Executive Vice President||2.67yrs||US$753.61k||no data|
|Chief Risk Officer||no data||no data||0.023% $218.0k|
|Executive Vice President||2.5yrs||no data||no data|
|Executive VP & Senior Loan Review Officer||no data||no data||no data|
Experienced Management: SBSI's management team is considered experienced (2.9 years average tenure).
|Independent Director||37.33yrs||US$92.88k||0.46% $4.3m|
|Independent Director||32.33yrs||US$92.88k||2.04% $19.1m|
|Independent Director||15.33yrs||US$124.50k||0.069% $644.3k|
|Independent Director||6.33yrs||US$92.88k||0.092% $861.0k|
|Independent Chairman||2yrs||US$149.50k||0.052% $482.1k|
|Independent Vice Chairman||2yrs||US$124.50k||0.040% $377.0k|
|Independent Director||10.75yrs||US$91.76k||0.038% $355.7k|
|Independent Director||6.33yrs||US$95.79k||0.024% $226.5k|
|Independent Director||9.67yrs||US$92.88k||0.053% $493.8k|
Experienced Board: SBSI's board of directors are considered experienced (8 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$935.218m
- Shares outstanding: 33.01m
- 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. 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||2020/05/27 11:49|
|End of Day Share Price||2020/05/26 00:00|