Southside BancsharesSBSI
SBSI
About: Southside Bancshares Inc is a financial institution offering financial services to individuals, businesses, municipal entities, and non-profit organizations. It provides various services such as personal banking, business banking, mortgage, equity lending, wealth management and trust, and brokerage. The bank generates its revenue in the form of interest income, gains on sales of assets, and fee income.
Employees: 815
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
117% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 12
21% more capital invested
Capital invested by funds: $467M [Q2] → $566M (+$99.1M) [Q3]
9% more funds holding
Funds holding: 150 [Q2] → 164 (+14) [Q3]
0.07% more ownership
Funds ownership: 55.84% [Q2] → 55.91% (+0.07%) [Q3]
22% less repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 60
46% less call options, than puts
Call options by funds: $47K | Put options by funds: $87K
Research analyst outlook
We haven’t received any recent analyst ratings for SBSI.
Financial journalist opinion
Neutral
GlobeNewsWire
1 month ago
Southside Bancshares, Inc. Declares Cash Dividend
TYLER, Texas, Nov. 07, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Southside Bancshares, Inc., (NASDAQ:SBSI), parent company of Southside Bank declared a regular quarterly cash dividend of $0.36 per common share. The cash dividend of $0.36 is scheduled for payment on December 6, 2024, to common stock shareholders of record on November 21, 2024.
Positive
Zacks Investment Research
1 month ago
Is Southside Bancshares (SBSI) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Neutral
GlobeNewsWire
1 month ago
Southside Bancshares, Inc. Announces Transfer of Listing of Common Stock to the New York Stock Exchange
TYLER, Texas, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (NASDAQ: SBSI) (the “Company” or “Southside”), the parent company of Southside Bank, announced today that it is transferring the listing of its common stock to the New York Stock Exchange (“NYSE”) from the Nasdaq Global Select Market (“Nasdaq”). Southside's common stock is expected to begin trading on the NYSE on November 15, 2024, under the existing ticker symbol of “SBSI”. Southside expects its common stock to continue to trade on Nasdaq until the close of the market on November 14, 2024.
Positive
Seeking Alpha
1 month ago
Southside Bancshares: Earnings Outlook Remains Positive, Maintaining A Buy Rating
Loan growth will likely recover after the third quarter's poor performance. My optimism is based on the current condition of the local economy. Recent securities restructuring will lift the margin. However, interest rate cuts will pressure the margin. The December 2025 target price suggests an 11% price upside.
Neutral
Seeking Alpha
1 month ago
Southside Bancshares, Inc. (SBSI) Q3 2024 Earnings Call Transcript
Southside Bancshares, Inc. (NASDAQ:SBSI ) Q3 2024 Earnings Conference Call October 24, 2024 12:00 PM ET Company Participants Lindsey Bailes - VP, IR Lee Gibson - President and CEO Julie Shamburger - CFO Conference Call Participants Brett Rabatin - Hovde Wood Lay - KBW Matt Olney - Stephens Operator Ladies and gentlemen, thank you for standing by. Welcome to Southside Bancshares Third Quarter 2020 Earnings Call.
Neutral
GlobeNewsWire
1 month ago
Southside Bancshares, Inc. Announces Financial Results for the Third Quarter Ended September 30, 2024
TYLER, Texas, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter ended September 30, 2024. Southside reported net income of $20.5 million for the three months ended September 30, 2024, an increase of $2.1 million, or 11.2%, compared to $18.4 million for the same period in 2023. Earnings per diluted common share increased $0.08, or 13.3%, to $0.68 for the three months ended September 30, 2024, from $0.60 for the same period in 2023. The annualized return on average shareholders' equity for the three months ended September 30, 2024, was 10.13%, compared to 9.50% for the same period in 2023. The annualized return on average assets was 0.98% for the three months ended September 30, 2024, compared to 0.93% for the same period in 2023.
Neutral
GlobeNewsWire
2 months ago
Southside Bancshares, Inc. Announces Third Quarter Conference Call
TYLER, Texas, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside”) (NASDAQ: SBSI), the holding company for Southside Bank, announced today it will release its third quarter financial results before the market opens on Thursday, October 24, 2024. Southside will host a conference call to discuss its results on Thursday, October 24, 2024, at 11:00 a.m. CDT.
Positive
Zacks Investment Research
2 months ago
All You Need to Know About Southside Bancshares (SBSI) Rating Upgrade to Strong Buy
Southside Bancshares (SBSI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Positive
Zacks Investment Research
2 months ago
New Strong Buy Stocks for September 26th
HOOD, DXPE, GOLD, SBSI and CM have been added to the Zacks Rank #1 (Strong Buy) List on September 26, 2024.
Positive
Zacks Investment Research
2 months ago
Best Income Stocks to Buy for September 26th
SBSI, CM and PCB made it to the Zacks Rank #1 (Strong Buy) income stocks list on September 26, 2024.
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