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

28.35USD+0.26 (+0.93%)Delayed

Market Summary

USD28.35+0.26

Delayed

0.93%

SBSI Alerts

Big jump in Revenue (Y/Y)

SBSI Stock Price

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SBSI RSI Chart

SBSI Valuation

Market Cap

858.6M

Price/Earnings (Trailing)

10.45

Price/Sales (Trailing)

2.25

EV/EBITDA

1.69

Price/Free Cashflow

8.01

SBSI Price/Sales (Trailing)

SBSI Profitability

EBT Margin

25.33%

Return on Equity

10.43%

Return on Assets

0.98%

Free Cashflow Yield

12.49%

SBSI Fundamentals

SBSI Revenue

Revenue (TTM)

381.7M

Rev. Growth (Yr)

27.1%

Rev. Growth (Qtr)

3.86%

SBSI Earnings

Earnings (TTM)

82.2M

Earnings Growth (Yr)

-17.37%

Earnings Growth (Qtr)

24.23%

Breaking Down SBSI Revenue

Last 7 days

1.4%

Last 30 days

5.2%

Last 90 days

-3.7%

Trailing 12 Months

1.6%

How does SBSI drawdown profile look like?

SBSI Financial Health

Debt/Equity

0.2

Debt/Cashflow

0.74

SBSI Investor Care

Dividend Yield

5.04%

Dividend/Share (TTM)

1.43

Buy Backs (1Y)

2.07%

Diluted EPS (TTM)

2.7

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
2024	381.7M	0	0	0
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

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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>

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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

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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
May 16, 2024	COMERICA BANK	reduced	-7.97	-66,716	406,122	-%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-22.1	-185,926	495,127	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-6.06	-117,931	838,550	-%
May 15, 2024	AQR CAPITAL MANAGEMENT LLC	added	122	1,841,030	3,554,770	0.01%
May 15, 2024	UBS ASSET MANAGEMENT AMERICAS LLC	unchanged	-	-92,672	1,296,090	-%
May 15, 2024	GOLDMAN SACHS GROUP INC	added	12.31	431,785	9,405,280	-%
May 15, 2024	PRICE T ROWE ASSOCIATES INC /MD/	added	3.94	-26,000	828,000	-%
May 15, 2024	Tudor Investment Corp Et Al	sold off	-100	-463,348	-	-%
May 15, 2024	BARCLAYS PLC	reduced	-27.63	-621,000	1,292,000	-%
May 15, 2024	AMERIPRISE FINANCIAL INC	added	0.07	-196,708	2,778,990	-%

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

SBSI Alerts

Big jump in Revenue (Y/Y)

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
May 17, 2024	4	Insider Trading
May 17, 2024	8-K	Current Report
May 17, 2024	4	Insider Trading
May 17, 2024	4	Insider Trading
May 17, 2024	4	Insider Trading
May 17, 2024	4	Insider Trading
May 17, 2024	4	Insider Trading
May 17, 2024	4	Insider Trading
May 17, 2024	4	Insider Trading
May 17, 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	588.1B	174.7B	13.73%	46.82%	11.68	3.37	53.11%	19.83%
BAC	307.4B	137.9B	11.58%	38.08%	12.28	2.23	56.12%	-12.56%
WFC	213.0B	85.8B	6.86%	51.95%	11.35	2.48	35.02%	26.14%
C	122.2B	125.0B	10.16%	38.13%	15.29	0.98	37.85%	-
CFG	16.9B	10.4B	12.51%	41.04%	11.81	1.62	26.22%	-33.87%
KEY	14.5B	8.1B	6.72%	53.23%	16.61	1.78	32.15%	-50.93%
MID-CAP
CMA	7.3B	4.2B	10.08%	41.38%	10.46	1.71	34.68%	-45.96%
ZION	6.6B	4.1B	14.23%	65.05%	10.55	1.63	32.93%	-30.73%
ABCB	3.5B	1.3B	13.35%	57.95%	12.32	2.65	30.60%	-12.99%
ASB	3.4B	2.0B	11.57%	43.03%	20.88	1.65	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	417.1M	173.1M	15.06%	27.00%	14.3	2.41	26.54%	-34.86%
ALRS	390.4M	152.4M	-0.90%	32.84%	39.27	2.56	16.94%	-73.84%
ACNB	295.5M	98.7M	10.19%	20.01%	10.04	2.99	6.27%	-22.90%
ASRV	48.0M	62.5M	8.95%	-1.75%	-16.24	0.77	18.83%	-145.18%

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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	3.9%	103	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
EBITDA Margin	-7.1%	0.84*	0.91*	1.02*	1.14*	1.25*	1.36*	1.45*	1.51*	1.50*	1.54*	1.52*	1.49*	-	-	-	-	-	-	-	-	-
Interest Expenses	-2.1%	53.00	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
Income Taxes	109.5%	5.00	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
Earnings Before Taxes	33.9%	26.00	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
EBT Margin	-9.9%	0.25*	0.28*	0.34*	0.40*	0.44*	0.47*	0.52*	0.56*	0.56*	0.61*	0.60*	0.58*	-	-	-	-	-	-	-	-	-
Net Income	24.2%	22.00	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
Net Income Margin	-10.7%	0.22*	0.24*	0.29*	0.34*	0.38*	0.42*	0.46*	0.49*	0.48*	0.53*	0.52*	0.51*	-	-	-	-	-	-	-	-	-
Free Cashflow	195.4%	56.00	-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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	0.8%	8,354	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
Cash Equivalents	-16.3%	469	561	326	207	310	199	195	172	187	202	87.00	128	108	108	96.00	101	112	111	115	133	270
Net PPE	0.4%	139	139	139	140	141	141	143	143	143	143	143	143	145	145	147	148	146	144	142	140	138
Goodwill	0%	201	201	201	201	201	201	201	201	201	201	201	201	201	201	201	201	201	201	201	201	201
Liabilities	0.7%	7,566	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
Long Term Debt	0.0%	154	154	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shareholder's Equity	1.9%	788	773	729	765	751	746	708	732	784	912	878	894	859	875	839	818	796	805	810	788	758
Retained Earnings	3.7%	293	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
Additional Paid-In Capital	0.1%	790	789	788	787	786	785	784	783	782	781	779	777	775	772	771	769	768	767	766	764	764
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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	203.0%	58,292	-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
Share Based Compensation	-9.9%	756	839	875	924	914	795	760	847	819	831	829	686	674	767	786	772	695	634	522	571	661
Cashflow From Investing	-2256.1%	-182,950	-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
Cashflow From Financing	-88.8%	33,521	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
Dividend Payments	-2.6%	10,892	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
Buy Backs	-100.0%	-	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

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SBSI Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest income:
Loans	$ 68,211	$ 54,776
Taxable investment securities	6,967	5,712
Tax-exempt investment securities	11,088	13,916
MBS	10,119	4,329
FHLB stock and equity investments	333	245
Other interest earning assets	6,040	1,870
Total interest income	102,758	80,848
Interest expense:
Deposits	38,198	19,906
FHLB borrowings	5,950	3,141
Subordinated notes	956	999
Trust preferred subordinated debentures	1,175	1,031
Other borrowings	3,131	2,418
Total interest expense	49,410	27,495
Net interest income	53,348	53,353
Provision for (reversal of) credit losses	58	(40)
Net interest income after provision for credit losses	53,290	53,393
Noninterest income:
Deposit services	5,985	6,422
Net gain (loss) on sale of securities AFS	(18)	(2,146)
Net gain on sale of equity securities	0	2,416
Gain (loss) on sale of loans	(436)	104
Trust fees	1,336	1,467
BOLI	784	1,675
Brokerage services	1,014	697
Other	1,059	1,398
Total noninterest income	9,724	12,033
Noninterest expense:
Salaries and employee benefits	23,113	21,856
Net occupancy	3,362	3,734
Advertising, travel & entertainment	950	1,050
ATM expense	325	355
Professional fees	1,154	1,372
Software and data processing	2,856	2,055
Communications	449	327
FDIC insurance	943	544
Amortization of intangibles	337	478
Other	3,392	3,078
Total noninterest expense	36,881	34,849
Income before income tax expense	26,133	30,577
Income tax expense	4,622	4,543
Net income	$ 21,511	$ 26,034
Earnings per common share - basic (in dollars per share)	$ 0.71	$ 0.83
Earnings per common share - diluted (in dollars per share)	0.71	0.83
Cash dividends paid per common share (in dollars per share)	$ 0.36	$ 0.35

SBSI Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)

Mar. 31, 2024

Dec. 31, 2023

ASSETS

Cash and due from banks

$ 96,744,000

$ 122,021,000

Interest earning deposits

307,257,000

391,719,000

Federal funds sold

65,372,000

46,770,000

Total cash and cash equivalents

469,373,000

560,510,000

Securities AFS, at estimated fair value (amortized cost of $1,454,043 and $1,332,467, respectively)

1,405,221,000

1,296,294,000

Securities HTM (estimated fair value of $1,152,186 and $1,166,162, respectively)

1,306,898,000

1,307,053,000

FHLB stock, at cost

27,958,000

11,936,000

Equity investments

9,554,000

9,691,000

Loans held for sale

756,000

10,894,000

Loans:

Loans

4,577,368,000

4,524,510,000

Less: Allowance for loan losses

(43,557,000)

(42,674,000)

Net loans

4,533,811,000

4,481,836,000

Premises and equipment, net

139,491,000

138,950,000

Operating lease ROU assets

14,876,000

14,837,000

Goodwill

201,116,000

Other intangible assets, net

2,588,000

2,925,000

Interest receivable

39,716,000

50,489,000

Deferred tax asset, net

29,876,000

30,426,000

Unsettled trades to sell securities

6,406,000

BOLI

136,604,000

136,330,000

Other assets

29,619,000

31,627,000

Total assets

8,353,863,000

8,284,914,000

Deposits:

Noninterest bearing

1,358,827,000

1,390,407,000

Interest bearing

5,186,933,000

5,159,274,000

Total deposits

6,545,760,000

6,549,681,000

Other borrowings

457,685,000

509,820,000

FHLB borrowings

312,466,000

212,648,000

Subordinated notes, net of unamortized debt issuance costs

^[1]

93,913,000

93,877,000

Trust preferred subordinated debentures, net of unamortized debt issuance costs

60,271,000

60,270,000

Unsettled trades to purchase securities

7,160,000

Operating lease liabilities

16,744,000

16,704,000

Other liabilities

71,942,000

68,626,000

Total liabilities

7,565,941,000

7,511,626,000

Off-balance-sheet arrangements, commitments and contingencies (Note 12)

Shareholders’ equity:

Common stock: ($1.25 par value, 80,000,000 shares authorized, 38,050,389 shares issued at March 31, 2024 and 38,039,706 shares issued at December 31, 2023)

47,563,000

47,550,000

Paid-in capital

789,964,000

788,840,000

Retained earnings

292,879,000

282,355,000

Treasury stock: (shares at cost, 7,766,701 at March 31, 2024 and 7,790,276 at December 31, 2023)

(231,625,000)

(231,995,000)

AOCI

(110,859,000)

(113,462,000)

Total shareholders’ equity

787,922,000

773,288,000

Total liabilities and shareholders’ equity

$ 8,353,863,000

$ 8,284,914,000

[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 May 17 2024, market cap of Southside Bancshares Inc is 858.57 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 May 17 2024, SBSI's PE ratio (Price to Earnings) is 10.45 and Price to Sales (PS) ratio is 2.25. 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 0.053 (multiply by 100 for percentage) rate of return.