Loading...

Southside Bancshares

Nasdaq:SBSI
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SBSI
Nasdaq
$1B
Market Cap
  1. Home
  2. US
  3. Banks
Company description

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. The last earnings update was 56 days ago. More info.


Add to Portfolio Compare Print
SBSI Share Price and Events
7 Day Returns
-4.5%
NasdaqGS:SBSI
0.3%
US Banks
1.4%
US Market
1 Year Returns
-8%
NasdaqGS:SBSI
-6.8%
US Banks
4.9%
US Market
SBSI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Southside Bancshares (SBSI) -4.5% -7.4% -4.2% -8% 11.4% 20.9%
US Banks 0.3% -0.2% 3.6% -6.8% 55.8% 40%
US Market 1.4% 3.8% 3.5% 4.9% 44.8% 40.1%
1 Year Return vs Industry and Market
  • SBSI underperformed the Banks industry which returned -6.8% over the past year.
  • SBSI underperformed the Market in United States of America which returned 4.9% over the past year.
Price Volatility
SBSI
Industry
5yr Volatility vs Market

SBSI Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Southside Bancshares to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Southside Bancshares.

NasdaqGS:SBSI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 5 analysts.
= Stable Book Value * Return on Equity
= $23.71 * 10.1%
$2.39
Book Value of Equity per Share Weighted future Book Value estimates from 5 analysts. $23.71
Discount Rate (Cost of Equity) See below 8.4%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:SBSI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.59 (1 + (1- 21%) (75.02%))
0.959
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.959 * 5.96%)
8.45%

Discounted Cash Flow Calculation for NasdaqGS:SBSI using Excess Returns Model Model

The calculations below outline how an intrinsic value for Southside Bancshares is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:SBSI Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.1% – 8.45%) * $23.71)
$0.39
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.39 / (8.45% - 2.73%)
$6.79
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $23.71 + $6.79
$30.49
NasdaqGS:SBSI Discount to Share Price
Calculation Result
Value per share (USD) From above. $30.49
Current discount Discount to share price of $31.51
= -1 x ($31.51 - $30.49) / $30.49
-3.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Southside Bancshares is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Southside Bancshares's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Southside Bancshares's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:SBSI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $2.22
NasdaqGS:SBSI Share Price ** NasdaqGS (2019-06-25) in USD $31.51
United States of America Banks Industry PE Ratio Median Figure of 600 Publicly-Listed Banks Companies 12.59x
United States of America Market PE Ratio Median Figure of 3,095 Publicly-Listed Companies 17.73x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Southside Bancshares.

NasdaqGS:SBSI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:SBSI Share Price ÷ EPS (both in USD)

= 31.51 ÷ 2.22

14.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
Does Southside Bancshares's expected growth come at a high price?
Raw Data
NasdaqGS:SBSI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
2.7%per year
United States of America Banks Industry PEG Ratio Median Figure of 271 Publicly-Listed Banks Companies 1.33x
United States of America Market PEG Ratio Median Figure of 2,133 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

NasdaqGS:SBSI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.22x ÷ 2.7%

5.26x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Southside Bancshares is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Southside Bancshares's assets?
Raw Data
NasdaqGS:SBSI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $22.48
NasdaqGS:SBSI Share Price * NasdaqGS (2019-06-25) in USD $31.51
United States of America Banks Industry PB Ratio Median Figure of 603 Publicly-Listed Banks Companies 1.18x
United States of America Market PB Ratio Median Figure of 5,255 Publicly-Listed Companies 1.79x
NasdaqGS:SBSI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:SBSI Share Price ÷ Book Value per Share (both in USD)

= 31.51 ÷ 22.48

1.4x

* Primary Listing of Southside Bancshares.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Southside Bancshares is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess Southside Bancshares's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Southside Bancshares has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SBSI Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Southside Bancshares expected to grow at an attractive rate?
  • Southside Bancshares's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Southside Bancshares's earnings growth is positive but not above the United States of America market average.
  • Southside Bancshares's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:SBSI Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:SBSI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 2.7%
NasdaqGS:SBSI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 6%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 3.8%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:SBSI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:SBSI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 233 79 5
2019-12-31 222 76 5
NasdaqGS:SBSI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 206 101 77
2018-12-31 204 122 74
2018-09-30 200 117 67
2018-06-30 192 114 61
2018-03-31 183 101 56
2017-12-31 177 92 54
2017-09-30 170 97 56
2017-06-30 171 100 54
2017-03-31 167 93 51
2016-12-31 169 87 49
2016-09-30 171 80 49
2016-06-30 168 80 48

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Southside Bancshares's earnings are expected to grow by 2.7% yearly, however this is not considered high growth (20% yearly).
  • Southside Bancshares's revenue is expected to grow by 6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:SBSI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Southside Bancshares Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:SBSI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 2.34 2.37 2.30 5.00
2019-12-31 2.27 2.31 2.24 5.00
NasdaqGS:SBSI Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 2.22
2018-12-31 2.12
2018-09-30 1.96
2018-06-30 1.87
2018-03-31 1.78
2017-12-31 1.82
2017-09-30 1.92
2017-06-30 1.91
2017-03-31 1.84
2016-12-31 1.82
2016-09-30 1.83
2016-06-30 1.78

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Southside Bancshares will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Southside Bancshares's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Southside Bancshares has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SBSI Past Performance

  How has Southside Bancshares performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Southside Bancshares's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Southside Bancshares's year on year earnings growth rate has been positive over the past 5 years.
  • Southside Bancshares's 1-year earnings growth exceeds its 5-year average (38% vs 18.6%)
  • Southside Bancshares's earnings growth has not exceeded the US Banks industry average in the past year (38% vs 40.7%).
Earnings and Revenue History
Southside Bancshares's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Southside Bancshares Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:SBSI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 205.97 76.70 95.97
2018-12-31 204.40 74.14 96.49
2018-09-30 200.44 67.09 93.55
2018-06-30 192.39 61.30 89.85
2018-03-31 182.92 55.57 87.66
2017-12-31 176.77 54.31 83.84
2017-09-30 169.92 55.55 82.62
2017-06-30 170.55 53.91 85.15
2017-03-31 167.16 50.82 85.75
2016-12-31 169.20 49.35 87.78
2016-09-30 171.47 49.47 91.29
2016-06-30 167.81 48.37 86.41
2016-03-31 169.40 48.13 88.45
2015-12-31 164.23 44.00 87.66
2015-09-30 151.88 28.36 81.58
2015-06-30 137.39 22.70 80.84
2015-03-31 127.54 21.99 75.15
2014-12-31 116.37 20.83 68.08
2014-09-30 120.59 36.97 68.26
2014-06-30 124.13 39.76 68.56
2014-03-31 126.36 40.37 68.31
2013-12-31 128.00 41.19 68.56
2013-09-30 123.55 37.22 67.87
2013-06-30 123.38 36.94 66.68
2013-03-31 117.87 33.60 65.49
2012-12-31 118.41 34.70 63.16
2012-09-30 119.26 36.04 63.52
2012-06-30 118.32 35.99 63.06

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Southside Bancshares has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Southside Bancshares used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • 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.
X
Past performance checks
We assess Southside Bancshares's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Southside Bancshares has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SBSI Health

 How is Southside Bancshares's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Southside Bancshares's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Southside Bancshares Company Filings, last reported 2 months ago.

NasdaqGS:SBSI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 758.03 787.27 273.07
2018-12-31 731.29 915.65 87.71
2018-09-30 752.51 732.11 174.38
2018-06-30 751.81 945.70 232.90
2018-03-31 746.40 940.15 262.81
2017-12-31 754.14 1,185.44 167.10
2017-09-30 556.02 1,310.16 185.94
2017-06-30 547.07 1,344.99 238.14
2017-03-31 531.47 1,372.13 247.50
2016-12-31 518.27 1,475.16 169.65
2016-09-30 472.56 1,342.33 199.15
2016-06-30 472.30 944.87 64.11
2016-03-31 457.58 882.45 68.45
2015-12-31 444.06 1,210.35 80.98
2015-09-30 447.15 1,003.88 71.89
2015-06-30 431.67 917.35 77.03
2015-03-31 434.81 753.23 107.18
2014-12-31 425.24 961.97 84.66
2014-09-30 291.11 590.24 69.22
2014-06-30 283.96 576.49 154.42
2014-03-31 271.39 588.48 57.39
2013-12-31 259.52 633.96 54.43
2013-09-30 240.96 758.63 59.68
2013-06-30 236.12 588.08 49.80
2013-03-31 255.90 614.35 55.12
2012-12-31 257.76 581.60 150.63
2012-09-30 276.57 595.18 131.97
2012-06-30 263.36 670.71 106.24
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Southside Bancshares has an acceptable proportion of non-loan assets held.
  • Southside Bancshares's liabilities are made up of primarily low risk sources of funding.
  • Loans at Southside Bancshares are broadly funded by customer deposits.
  • Southside Bancshares's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Southside Bancshares has a low allowance for bad loans.
  • Southside Bancshares has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Southside Bancshares's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Southside Bancshares has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SBSI Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4%
Current annual income from Southside Bancshares dividends. Estimated to be 3.92% next year.
If you bought $2,000 of Southside Bancshares shares you are expected to receive $80 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Southside Bancshares's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Southside Bancshares's dividend is above the markets top 25% of dividend payers in United States of America (3.73%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:SBSI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 479 Stocks 2.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2012 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:SBSI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 1.25 5.00
2019-12-31 1.22 5.00
NasdaqGS:SBSI Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-09 1.260 3.759
2019-02-07 1.220 3.570
2018-11-08 1.220 3.708
2018-08-09 1.220 3.547
2018-04-26 1.220 3.548
2018-02-01 1.140 3.277
2017-11-02 1.140 3.283
2017-08-03 1.169 3.399
2017-05-04 1.140 3.321
2017-02-13 1.024 3.083
2017-01-27 1.024 3.069
2016-08-04 1.015 3.037
2016-05-05 0.966 3.290
2016-02-11 0.929 3.886
2015-11-06 0.929 4.150
2015-08-06 0.948 3.803
2015-05-07 0.948 3.633
2015-02-12 0.903 3.516
2014-11-06 0.867 3.293
2014-08-07 0.863 3.008
2014-05-08 0.828 3.364
2014-02-13 0.792 3.096
2013-11-07 0.792 3.485
2013-08-08 0.784 3.530
2013-05-09 0.784 3.911
2013-02-14 0.747 4.337
2012-11-08 0.747 4.427
2012-08-09 0.803 4.635
2012-03-29 0.803 4.712
2012-02-16 0.703 4.223
2011-11-10 0.703 4.298
2011-08-15 0.674 4.527
2011-05-12 0.644 4.239
2011-02-17 0.619 3.892
2010-11-10 0.619 4.066
2010-08-12 0.634 4.642
2010-05-13 0.634 4.422
2010-05-06 0.610 3.879
2010-04-15 0.610 3.846
2010-02-18 0.610 4.132
2010-01-28 0.610 4.488
2009-11-12 0.527 3.809
2009-08-13 0.448 2.923

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
What portion of Southside Bancshares's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Southside Bancshares's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Southside Bancshares afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Southside Bancshares has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SBSI Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Lee Gibson
COMPENSATION $1,587,326
AGE 61
TENURE AS CEO 2.4 years
CEO Bio

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 of Southside Bank since December 14, 2015 and has been its Chief Executive Officer since December 31, 2016 and served as its Chief Financial Officer since 2000 until April 18, 2016. Mr. Gibson served as the Chief Financial Officer at Southside Bancshares Inc. since 2000 until April 18, 2016. He served as Senior Executive Vice President of Southside Bank since February 2009. He served as Senior Executive Vice President of Southside Bancshares Inc. since 1999. He served as Principal Accounting Officer of Southside Bancshares Inc. From 1990 to February 2009, he served as an Executive Vice President of Southside Bank. He joined Southside Bank in 1984 & Southside Bancshares Inc., in 1985 and is responsible for management of Southside Bank's investment portfolio and asset liability management. Mr. Gibson serves as Director of Southside Bank since 1999. He served as Chairman of the Council at Federal Home Loan Bank since March 2010. He served as Chairman of Federal Home Loan Bank of Dallas from January 1, 2007 to December 31, 2012 and its Director from January 1, 2002 to December 31, 2012. He has been a Director of Southside Bancshares Inc. since December 14, 2015. He serves as a Director of the Tyler Junior College Foundation. He serves on Executive Board of the East Texas Area Council of Boy Scouts. He served as Auditor for Ernst & Young. Mr. Gibson is a Certified Public Accountant.

CEO Compensation
  • Lee's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Lee's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Southside Bancshares management team in years:

2
Average Tenure
61
Average Age
  • The tenure for the Southside Bancshares management team is about average.
Management Team

Lee Gibson

TITLE
President
COMPENSATION
$2M
AGE
61
TENURE
2.4 yrs

Julie Shamburger

TITLE
Senior EVP & CFO
COMPENSATION
$695K
AGE
55
TENURE
3.2 yrs

Brian McCabe

TITLE
Senior EVP & COO
COMPENSATION
$511K
AGE
57
TENURE
2 yrs

Tim Alexander

TITLE
Chief Lending Officer
COMPENSATION
$995K
AGE
61

Lindsey Bibby

TITLE
VP & Investor Relations Officer

Vonna Crowley

TITLE
Senior VP & Compliance Officer

Tim Carter

TITLE
Executive Vice President
COMPENSATION
$754K
AGE
63
TENURE
1.8 yrs

Suni Davis

TITLE
Chief Risk Officer

Trey Denman

TITLE
Executive Vice President
TENURE
1.6 yrs

Anne Martinez

TITLE
Executive VP & Senior loan Review Officer
Board of Directors Tenure

Average tenure and age of the Southside Bancshares board of directors in years:

7.1
Average Tenure
64.5
Average Age
  • The tenure for the Southside Bancshares board of directors is about average.
Board of Directors

Bob Garrett

TITLE
Chairman
COMPENSATION
$141K
AGE
64
TENURE
1.1 yrs

Lee Gibson

TITLE
President
COMPENSATION
$2M
AGE
61
TENURE
3.5 yrs

Don Thedford

TITLE
Vice Chairman
COMPENSATION
$109K
AGE
68
TENURE
1.1 yrs

William Sheehy

TITLE
Director
COMPENSATION
$82K
AGE
77
TENURE
36.4 yrs

Melvin Lovelady

TITLE
Director
COMPENSATION
$125K
AGE
81
TENURE
14.4 yrs

Preston Smith

TITLE
Director
COMPENSATION
$82K
AGE
62
TENURE
9.8 yrs

Larry Anderson

TITLE
Director
COMPENSATION
$82K
AGE
61
TENURE
8.8 yrs

Patti Callan

TITLE
Director
COMPENSATION
$82K
AGE
59
TENURE
5.4 yrs

Herbert Buie

TITLE
Director
COMPENSATION
$82K
AGE
87
TENURE
31.4 yrs

Susan Anderson

TITLE
Director
COMPENSATION
$82K
AGE
65
TENURE
5.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Southside Bancshares individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
06. Jun 19 Buy Tony Morgan Individual 06. Jun 19 06. Jun 19 1,000 $33.01 $33,010
15. May 19 Buy John Garrett Individual 15. May 19 15. May 19 41 $34.27 $1,405
02. May 19 Buy John Garrett Individual 02. May 19 02. May 19 86 $35.04 $3,013
19. Feb 19 Buy John Garrett Individual 15. Feb 19 15. Feb 19 127 $34.63 $4,398
12. Dec 18 Buy Tony Morgan Individual 10. Dec 18 10. Dec 18 1,000 $31.85 $31,854
16. Nov 18 Buy John Garrett Individual 15. Nov 18 15. Nov 18 43 $32.77 $1,409
01. Nov 18 Buy John Garrett Individual 31. Oct 18 31. Oct 18 91 $31.95 $2,907
31. Oct 18 Buy Tony Morgan Individual 30. Oct 18 30. Oct 18 2,000 $31.15 $62,296
15. Aug 18 Buy John Garrett Individual 15. Aug 18 15. Aug 18 40 $35.49 $1,420
02. Aug 18 Buy John Garrett Individual 01. Aug 18 01. Aug 18 128 $35.57 $4,553
X
Management checks
We assess Southside Bancshares's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Southside Bancshares has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SBSI News

Simply Wall St News

I Ran A Stock Scan For Earnings Growth And Southside Bancshares (NASDAQ:SBSI) Passed With Ease

See our latest analysis for Southside Bancshares Southside Bancshares's Earnings Per Share Are Growing. … I note that Southside Bancshares's revenue from operations was lower than its revenue in the last twelve months, so that could distort my analysis of its margins. … On top of the insider buying, it's good to see that Southside Bancshares insiders have a valuable investment in the business.

Simply Wall St -

Do Directors Own Southside Bancshares, Inc. (NASDAQ:SBSI) Shares?

With a market capitalization of US$1.1b, Southside Bancshares is a decent size, so it is probably on the radar of institutional investors. … Taking a look at our data on the ownership groups (below), it's seems that. … View our latest analysis for Southside Bancshares

Simply Wall St -

Understated Factors To Consider Before Investing In Southside Bancshares, Inc. (NASDAQ:SBSI)

Southside Bancshares, Inc.’s (NASDAQ:SBSI) profitability and risk are largely affected by the underlying economic growth for the region it operates in US given it is a small-cap stock with a market capitalisation of US$1.1b. … Basel III target banking regulations to improve the sector’s ability to absorb shocks resulting from economic stress which may expose financial institutions like Southside Bancshares to vulnerabilities. … High liquidity and low leverage could position Southside Bancshares favourably at the face of macro headwinds.

Simply Wall St -

Why Southside Bancshares, Inc.'s (NASDAQ:SBSI) High P/E Ratio Isn't Necessarily A Bad Thing

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … Southside Bancshares has a price to earnings ratio of 16.09, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Southside Bancshares Shareholders Booked A 62% Gain In The Last Three Years

One flawed but reasonable way to assess how sentiment around a company has changed, is to compare the earnings per share (EPS) with the share price. … Southside Bancshares was able to grow its EPS at 9.6% per year over three years, sending the share price higher. … In comparison, the 17% per year gain in the share price outpaces the EPS growth.

Simply Wall St -

Have You Considered These Key Risks For Southside Bancshares, Inc. (NASDAQ:SBSI)?

Its profit and value are directly impacted by its borrowers’ ability to pay which is driven by the level of economic growth. … This is because growth determines the stability of a borrower’s salary as well as the level of interest rates. … Since the level of risky assets held by the bank impacts the attractiveness of it as an investment, I will take you through three metrics that are insightful proxies for risk.

Simply Wall St -

Southside Bancshares, Inc. (NASDAQ:SBSI) Insiders Increased Their Holdings

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … It's quite normal to see company insiders, such as board members, trading in company stock, from time to time. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'?

Simply Wall St -

Is Now An Opportune Moment To Examine Southside Bancshares, Inc. (NASDAQ:SBSI)?

saw significant share price movement during recent months on the NasdaqGS, rising to highs of $36.74 and falling to the lows of $30. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … Let’s take a look at Southside Bancshares’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Three Understated Metrics For Southside Bancshares, Inc. (NASDAQ:SBSI) You Should Know

As a small-cap bank stock with a market capitalisation of US$1.1b, Southside Bancshares, Inc.’s (NASDAQ:SBSI) risk and profitability are largely determined by the underlying economic growth of the US regions in which it operates. … The Basel III reforms are aimed at banking regulations to improve financial institutions’ ability to absorb shocks caused by economic stress which could expose banks like Southside Bancshares to vulnerabilities. … High liquidity and low leverage could position Southside Bancshares favourably at the face of macro headwinds.

Simply Wall St -

Is Southside Bancshares Inc (NASDAQ:SBSI) A Volatile Stock?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

SBSI Company Info

Description

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. The company operates through 59 branches and 40 motor bank facilities located in and around Arlington, Austin, Bullard, Chandler, Cleburne, Cleveland, Diboll, Euless, Flower Mound, Fort Worth, Frisco, Granbury, Grapevine, Gresham, Gun Barrel City, Hawkins, Hemphill, Irving, Jacksonville, Jasper, Lindale, Longview, Lufkin, Nacogdoches, Palestine, Pineland, San Augustine, Splendora, Tyler, Watauga, Weatherford, and Whitehouse; and a network of 83 automated teller machines, as well as wealth management and trust services, and/or loan production or other financial services offices. Southside Bancshares, Inc. was founded in 1960 and is headquartered in Tyler, Texas.

Details
Name: Southside Bancshares, Inc.
SBSI
Exchange: NasdaqGS
Founded: 1960
$1,062,456,669
33,718,079
Website: http://www.southside.com
Address: Southside Bancshares, Inc.
1201 South Beckham Avenue,
Tyler,
Texas, 75701,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS SBSI Common Stock Nasdaq Global Select US USD 07. May 1998
Number of employees
Current staff
Staff numbers
820
Southside Bancshares employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/25 23:45
End of day share price update: 2019/06/25 00:00
Last estimates confirmation: 2019/05/01
Last earnings filing: 2019/04/30
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.