SBSI - Southside Bancshares Inc Stock Price, Fair Value and News

28.26USD+0.08 (+0.28%)Delayed as of 22 Apr 2024, 12:53 pm ET

Market Summary

USD28.26+0.08

Delayedas of 22 Apr 2024, 12:53 pm

0.28%

SBSI Stock Price

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SBSI RSI Chart

SBSI Valuation

Market Cap

852.6M

Price/Earnings (Trailing)

9.83

Price/Sales (Trailing)

2.37

EV/EBITDA

0.89

Price/Free Cashflow

11.69

SBSI Price/Sales (Trailing)

SBSI Profitability

EBT Margin

28.11%

Return on Equity

11.21%

Return on Assets

1.05%

Free Cashflow Yield

8.56%

SBSI Fundamentals

SBSI Revenue

Revenue (TTM)

359.7M

Rev. Growth (Yr)

31.69%

Rev. Growth (Qtr)

6.3%

SBSI Earnings

Earnings (TTM)

86.7M

Earnings Growth (Yr)

-37.42%

Earnings Growth (Qtr)

-6.14%

Breaking Down SBSI Revenue

52 Week Range

25.3834.40

(Low)(High)

Last 7 days

4.3%

Last 30 days

-1.0%

Last 90 days

-8.1%

Trailing 12 Months

-14.4%

How does SBSI drawdown profile look like?

SBSI Financial Health

Debt/Equity

0.4

Debt/Cashflow

0.26

SBSI Investor Care

Dividend Yield

5.04%

Dividend/Share (TTM)

1.42

Buy Backs (1Y)

3.62%

Diluted EPS (TTM)

2.82

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	280.0M	309.7M	335.9M	359.7M
2022	216.3M	220.8M	232.6M	253.0M
2021	224.6M	218.7M	218.1M	216.0M
2020	242.5M	240.3M	235.5M	231.8M
2019	231.0M	234.9M	238.3M	240.8M
2018	199.8M	210.6M	221.2M	229.2M
2017	170.8M	175.7M	181.1M	187.5M
2016	158.9M	162.3M	165.2M	168.9M
2015	130.1M	135.8M	144.2M	154.5M
2014	125.3M	128.2M	127.2M	123.8M
2013	110.9M	110.6M	113.0M	119.6M
2012	130.8M	126.6M	122.4M	116.0M
2011	128.3M	131.2M	131.1M	131.0M
2010	141.7M	138.3M	134.8M	131.4M
2009	0	0	0	145.2M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Southside Bancshares Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 22, 2024	donahoe keith	sold (taxes)	-11,717	28.1	-417	rp ctx
Mar 04, 2024	gibson lee r	acquired	394,622	26.49	14,897	pres & ceo
Mar 04, 2024	gibson lee r	sold	-450,932	30.27	-14,897	pres & ceo
Feb 29, 2024	gibson lee r	acquired	-	-	148	pres & ceo
Feb 29, 2024	smith preston l	acquired	-	-	24.00	-
Feb 29, 2024	sammons john f jr	acquired	-	-	11.00	-
Feb 29, 2024	drennan mark w	acquired	-	-	19.00	rp ntx
Feb 29, 2024	arnold t l jr	acquired	-	-	48.00	cco
Feb 29, 2024	henderson george h iii	acquired	-	-	23.00	-
Feb 29, 2024	dacus shannon	acquired	-	-	18.00	-

Which funds bought or sold SBSI recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 18, 2024	CHATHAM CAPITAL GROUP, INC.	added	11.91	61,626	1,448,730	0.27%
Apr 18, 2024	Bill Few Associates, Inc.	sold off	-100	-203,048	-	-%
Apr 18, 2024	FARMERS & MERCHANTS INVESTMENTS INC	unchanged	-	-44.00	614	-%
Apr 17, 2024	Hennion & Walsh Asset Management, Inc.	added	16.13	31,616	408,928	0.02%
Apr 16, 2024	Moisand Fitzgerald Tamayo, LLC	unchanged	-	-7,957	111,279	0.02%
Apr 12, 2024	Lion Street Advisors, LLC	unchanged	-	-	312,372	0.13%
Apr 09, 2024	MASSMUTUAL TRUST CO FSB/ADV	added	46.67	520	1,929	-%
Apr 05, 2024	CWM, LLC	added	859	15,000	17,000	-%
Apr 05, 2024	GAMMA Investing LLC	added	82.95	3,903	9,412	-%
Apr 03, 2024	Versant Capital Management, Inc	unchanged	-	-285	3,975	-%

Are Funds Buying or Selling SBSI?

Are funds buying SBSI calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own SBSI

No. of Funds

Unveiling Southside Bancshares Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	7.16%	2,162,164	SC 13G/A
Jan 22, 2024	blackrock inc.	14.7%	4,443,124	SC 13G/A
Feb 09, 2023	vanguard group inc	7.11%	2,283,882	SC 13G/A
Jan 23, 2023	blackrock inc.	14.7%	4,707,467	SC 13G/A
Feb 10, 2022	vanguard group inc	7.36%	2,374,273	SC 13G/A
Jan 27, 2022	blackrock inc.	14.5%	4,670,349	SC 13G/A
Jan 25, 2022	blackrock inc.	14.5%	4,670,349	SC 13G/A
Feb 10, 2021	vanguard group inc	6.29%	2,078,971	SC 13G/A
Jan 26, 2021	blackrock inc.	14.6%	4,824,052	SC 13G/A
Feb 12, 2020	vanguard group inc	6.14%	2,073,963	SC 13G/A

Recent SEC filings of Southside Bancshares Inc

View All Filings

Date Filed	Form Type	Document
Mar 27, 2024	ARS	ARS
Mar 27, 2024	DEF 14A	DEF 14A
Mar 27, 2024	DEFA14A	DEFA14A
Mar 26, 2024	4	Insider Trading
Mar 06, 2024	4	Insider Trading
Mar 06, 2024	8-K	Current Report
Mar 04, 2024	4	Insider Trading
Mar 04, 2024	4	Insider Trading
Mar 04, 2024	4	Insider Trading
Mar 04, 2024	4	Insider Trading

Peers (Alternatives to Southside Bancshares Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	535.2B	171.1B	-5.35%	31.97%	10.8	3.13	60.72%	31.52%
BAC	291.1B	130.3B	0.60%	23.65%	10.98	2.23	79.51%	-3.68%
WFC	216.0B	85.7B	5.36%	44.88%	11.28	2.52	41.49%	39.96%
C	113.1B	133.3B	-1.61%	19.76%	12.25	0.85	79.09%	-
CFG	15.6B	10.2B	-2.44%	16.96%	9.7	1.53	44.53%	-22.43%
KEY	13.7B	7.9B	-2.66%	21.59%	14.14	1.72	46.47%	-49.56%
MID-CAP
CMA	6.8B	4.2B	-0.35%	12.62%	7.76	1.64	56.25%	-23.46%
ZION	5.9B	3.9B	-3.44%	28.21%	8.69	1.5	45.91%	-25.03%
ABCB	3.2B	1.3B	-2.65%	33.98%	11.87	2.5	43.24%	-22.35%
ASB	3.1B	2.0B	-1.20%	13.72%	16.97	1.59	70.97%	-50.03%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	409.6M	164.9M	-5.29%	32.50%	35.02	2.48	42.66%	-70.76%
AROW	377.2M	162.6M	-6.69%	-0.22%	12.54	2.32	25.39%	-38.37%
ACNB	276.3M	96.6M	-11.56%	-1.79%	8.72	2.86	11.02%	-11.37%
ASRV	47.0M	60.9M	2.66%	-13.74%	-14.04	0.77	24.06%	-144.92%

Southside Bancshares Inc News

Latest updates

Southside Bancshares Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	6.3%	99.00	93.00	87.00	81.00	75.00	67.00	57.00	54.00	55.00	55.00	53.00	54.00	57.00	56.00	58.00	61.00	61.00	61.00	61.00	59.00	58.00
EBITDA Margin	-10.7%	0.91*	1.02*	1.14*	1.25*	1.36*	1.45*	1.51*	1.50*	1.54*	1.52*	1.49*	-	-	-	-	-	-	-	-	-	-
Interest Expenses	2.3%	54.00	53.00	54.00	53.00	57.00	56.00	51.00	49.00	49.00	48.00	46.00	46.00	49.00	47.00	47.00	45.00	43.00	42.00	43.00	41.00	42.00
Income Taxes	-29.3%	2.00	3.00	5.00	5.00	4.00	4.00	3.00	3.00	5.00	5.00	3.00	5.00	4.00	4.00	3.00	0.00	3.00	4.00	4.00	3.00	3.00
Earnings Before Taxes	-9.5%	20.00	22.00	29.00	31.00	32.00	31.00	29.00	28.00	33.00	34.00	24.00	39.00	34.00	31.00	24.00	4.00	20.00	23.00	22.00	22.00	20.00
EBT Margin	-16.8%	0.28*	0.34*	0.40*	0.44*	0.47*	0.52*	0.56*	0.56*	0.61*	0.60*	0.58*	-	-	-	-	-	-	-	-	-	-
Net Income	-6.1%	17.00	18.00	25.00	26.00	28.00	27.00	25.00	25.00	29.00	29.00	21.00	34.00	30.00	27.00	22.00	4.00	17.00	20.00	19.00	19.00	17.00
Net Income Margin	-16.6%	0.24*	0.29*	0.34*	0.38*	0.42*	0.46*	0.49*	0.48*	0.53*	0.52*	0.51*	-	-	-	-	-	-	-	-	-	-
Free Cashflow	-176.3%	-58.42	77.00	33.00	21.00	17.00	77.00	40.00	83.00	26.00	46.00	16.00	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	3.9%	8,285	7,972	7,807	7,792	7,559	7,454	7,606	7,119	7,260	7,136	7,182	6,999	7,008	7,191	7,330	7,274	6,749	6,542	6,373	6,217	6,123
Cash Equivalents	72.0%	561	326	207	310	199	195	172	187	202	87.00	128	108	108	96.00	101	112	111	115	133	270	121
Net PPE	-0.4%	139	139	140	141	141	143	143	143	143	143	143	145	145	147	148	146	144	142	140	138	136
Goodwill	0%	201	201	201	201	201	201	201	201	201	201	201	201	201	201	201	201	201	201	201	201	201
Liabilities	3.7%	7,512	7,244	7,042	7,041	6,813	6,746	6,874	6,335	6,347	6,258	6,288	6,140	6,133	6,352	6,512	6,478	5,944	5,732	5,585	5,459	5,392
Shareholder's Equity	6.1%	773	729	765	751	746	708	732	784	912	878	894	859	875	839	818	796	805	810	788	758	731
Retained Earnings	2.2%	282	276	269	255	240	224	208	194	180	164	145	135	111	94.00	77.00	66.00	80.00	74.00	65.00	57.00	65.00
Additional Paid-In Capital	0.1%	789	788	787	786	785	784	783	782	781	779	777	775	772	771	769	768	767	766	764	764	762
Float	-	-	-	751	-	-	-	1,130	-	-	-	1,170	-	-	-	861	-	-	-	1,020	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-172.2%	-56,590	78,421	34,402	23,631	18,153	80,331	42,656	85,377	27,454	48,431	17,804	62,415	40,269	32,782	21,251	-3,782	20,652	25,138	14,342	20,474	19,292
Share Based Compensation	-4.1%	839	875	924	914	795	760	847	819	831	829	686	674	767	786	772	695	634	522	571	661	691
Cashflow From Investing	92.3%	-7,765	-100,240	-107,180	-111,888	-82,392	-57,316	-392,812	-102,259	20,115	-74,277	-105,136	-34,710	200,016	110,727	-25,345	-509,133	-217,844	-183,644	-274,215	108,873	-66,407
Cashflow From Financing	112.8%	299,042	140,529	-30,601	199,497	68,364	-177	335,338	2,236	67,051	-15,509	108,197	-28,490	-228,081	-148,111	-7,313	514,431	193,065	140,809	122,451	19,877	-6,238
Dividend Payments	4.7%	11,187	10,687	10,720	10,988	12,108	10,919	10,906	11,003	12,612	10,706	10,775	10,476	12,232	10,245	10,233	10,494	11,490	10,471	10,453	10,107	11,121
Buy Backs	-17.0%	4,683	5,640	19,638	14,842	21,199	309	9,972	2,228	-	15,438	4,583	14,127	5,147	-	1,883	23,959	856	-	-	1,325	47,193

SBSI Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest income:
Loans	$ 244,803	$ 170,410	$ 144,803
Taxable investment securities	31,186	18,940	13,312
Tax-exempt investment securities	54,629	45,001	37,730
MBS	19,450	16,639	19,534
FHLB stock and equity investments	1,185	503	530
Other interest earning assets	8,488	1,488	78
Total interest income	359,741	252,981	215,987
Interest expense:
Deposits	108,157	29,075	9,404
FHLB borrowings	6,777	3,291	7,348
Subordinated notes	3,920	4,015	8,246
Trust preferred subordinated debentures	4,504	2,397	1,390
Other borrowings	21,356	1,862	42
Total interest expense	144,714	40,640	26,430
Net interest income	215,027	212,341	189,557
Provision for (reversal of) credit losses	9,154	3,241	(16,964)
Net interest income after provision for credit losses	205,873	209,100	206,521
Noninterest income:
Deposit services	25,497	25,843	26,368
Net gain (loss) on sale of securities available for sale	(15,976)	(3,819)	3,862
Net gain on sale of equity securities	5,058	0	0
Gain on sale of loans	563	531	1,641
Trust fees	5,910	5,992	5,959
BOLI	5,823	2,647	2,618
Brokerage services	3,305	3,335	3,383
Other noninterest income	5,654	6,328	5,505
Total noninterest income	35,834	40,857	49,336
Noninterest expense:
Salaries and employee benefits	85,625	82,633	79,892
Net occupancy	14,694	15,130	14,239
Advertising, travel & entertainment	4,093	3,430	2,367
ATM expense	1,351	1,314	1,166
Professional fees	5,351	4,959	4,015
Software and data processing	9,395	6,847	5,675
Communications	1,469	1,896	2,233
FDIC insurance	3,558	1,945	1,807
Amortization of intangibles	1,697	2,273	2,849
(Gain on purchase) loss on redemption of subordinated notes	0	0	1,118
Other	13,345	9,899	9,669
Total noninterest expense	140,578	130,326	125,030
Income before income tax expense	101,129	119,631	130,827
Income tax expense	14,437	14,611	17,426
Net income	$ 86,692	$ 105,020	$ 113,401
Earnings per common share - basic (in dollars per share)	$ 2.82	$ 3.27	$ 3.48
Earnings per common share - diluted (in dollars per share)	2.82	3.26	3.47
Cash dividends paid per common share	$ 1.42	$ 1.40	$ 1.37

SBSI Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands

Dec. 31, 2023

Dec. 31, 2022

ASSETS

Cash and due from banks

$ 122,021

$ 106,143

Interest earning deposits

391,719

9,276

Federal funds sold

46,770

83,833

Total cash and cash equivalents

560,510

199,252

Securities AFS, at estimated fair value (amortized cost of $1,332,467 and $1,387,874, respectively)

1,296,294

1,299,014

Securities HTM (estimated fair value of $1,166,162 and $1,149,156, respectively)

1,307,053

1,326,729

FHLB stock, at cost

11,936

9,190

Equity investments

9,691

11,181

Loans held for sale

10,894

667

Loans:

Loans

4,524,510

4,147,691

Less: Allowance for loan losses

(42,674)

(36,515)

Net loans

4,481,836

4,111,176

Premises and equipment, net

138,950

141,256

Operating lease ROU assets

14,837

15,314

Goodwill

201,116

Other intangible assets, net

2,925

4,622

Interest receivable

50,489

49,350

Deferred tax asset, net

30,426

34,695

BOLI

136,330

133,911

Other assets

31,627

21,163

Total assets

8,284,914

7,558,636

Deposits:

Noninterest bearing

1,390,407

1,671,562

Interest bearing

5,159,274

4,526,457

Total deposits

6,549,681

6,198,019

Other borrowings

509,820

221,153

FHLB borrowings

212,648

153,358

Subordinated notes, net of unamortized debt issuance costs

^[1]

93,877

98,674

Trust preferred subordinated debentures, net of unamortized debt issuance costs

60,270

60,265

Operating lease liabilities

16,704

17,070

Other liabilities

68,626

64,100

Total liabilities

7,511,626

6,812,639

Off-balance-sheet arrangements, commitments and contingencies (Note 17)

Shareholders’ equity:

Common stock: ($1.25 par value, 80,000,000 shares authorized, 38,039,706 shares issued at December 31, 2023 and 38,000,822 shares issued at December 31, 2022)

47,550

47,501

Paid-in capital

788,840

784,545

Retained earnings

282,355

239,610

Treasury stock: (shares at cost, 7,790,276 at December 31, 2023 and 6,454,192 at December 31, 2022)

(231,995)

(188,203)

AOCI

(113,462)

(137,456)

Total shareholders’ equity

773,288

745,997

Total liabilities and shareholders’ equity

$ 8,284,914

$ 7,558,636

[1]	This debt consists of subordinated notes with a remaining maturity greater than one year that qualify under the risk-based capital guidelines as Tier 2 capital, subject to certain limitations.

About Southside Bancshares Inc

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 consumer related 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 wealth management and trust services consisting of investment management, administration, revocable and testamentary trusts, and custodian services for individuals, partnerships, and corporations; safe deposit services; and brokerage services. Southside Bancshares, Inc. was founded in 1960 and is headquartered in Tyler, Texas.

CEO	Mr. Lee R. Gibson III, CPA
WEBSITE	southside.com
INDUSTRY	Banks Diversified
EMPLOYEES	813

Southside Bancshares Inc Frequently Asked Questions

What is the ticker symbol for Southside Bancshares Inc? What does SBSI stand for in stocks?

SBSI is the stock ticker symbol of Southside Bancshares Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Southside Bancshares Inc (SBSI)?

As of Fri Apr 19 2024, market cap of Southside Bancshares Inc is 852.6 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of SBSI stock?

You can check SBSI's fair value in chart for subscribers.

What is the fair value of SBSI stock?

You can check SBSI's fair value in chart for subscribers. The fair value of Southside Bancshares Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Southside Bancshares Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for SBSI so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Southside Bancshares Inc a good stock to buy?

The fair value guage provides a quick view whether SBSI is over valued or under valued. Whether Southside Bancshares Inc is cheap or expensive depends on the assumptions which impact Southside Bancshares Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for SBSI.

What is Southside Bancshares Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Apr 19 2024, SBSI's PE ratio (Price to Earnings) is 9.83 and Price to Sales (PS) ratio is 2.37. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. SBSI PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Southside Bancshares Inc's stock?

In the past 10 years, Southside Bancshares Inc has provided 0.036 (multiply by 100 for percentage) rate of return.