Southside Bancshares Stock Today
| SBSI Stock | USD 28.32 0.17 0.60% |
Performance0 of 100
| Odds Of DistressLess than 5
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Southside Bancshares is trading at 28.32 as of the 24th of April 2024. This is a 0.60 percent increase since the beginning of the trading day. The stock's open price was 28.15. Southside Bancshares has under 5 % chance of experiencing financial distress over the next 2 years, but has generated negative returns over the last 90 days. Equity ratings for Southside Bancshares are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of October 2023 and ending today, the 24th of April 2024. Click here to learn more.
Business Domain Banks | IPO Date 13th of May 1998 | Category Financial Services | Classification Financials |
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. Southside Bancshares, Inc. was founded in 1960 and is headquartered in Tyler, Texas. The company has 30.28 M outstanding shares of which 629.05 K shares are at this time shorted by private and institutional investors with about 4.47 trading days to cover. More on Southside Bancshares
Moving together with Southside Stock
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Moving against Southside Stock
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| 0.73 | NU | Nu Holdings Financial Report 20th of May 2024 | PairCorr |
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| 0.53 | KB | KB Financial Group Earnings Call Tomorrow | PairCorr |
| 0.51 | WF | Woori Financial Group Financial Report 21st of May 2024 | PairCorr |
Southside Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Southside Bancshares' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Southside Bancshares or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO President | CPA III | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Regional Banks, Banks - Regional, Financial Services, NASDAQ Composite, SP Small-Cap 600, NASDAQ Composite Total, Financials, Banks, Banks—Regional, Financial Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Southside Bancshares report their recommendations after researching Southside Bancshares' financial statements, talking to executives and customers, or listening in on Southside Bancshares' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Southside Bancshares. The Southside consensus assessment is calculated by taking the average forecast from all of the analysts covering Southside Bancshares. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to Southside Bancshares' liquidity, profitability, solvency, and operating efficiency, Southside Bancshares may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Southside Bancshares is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Southside Bancshares' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Southside Bancshares' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Southside Bancshares' financial leverage. It provides some insight into what part of Southside Bancshares' total assets is financed by creditors.
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Southside Bancshares (SBSI) is traded on NASDAQ Exchange in USA. It is located in 1201 South Beckham Avenue, Tyler, TX, United States, 75701 and employs 815 people. Southside Bancshares is listed under Regional Banks category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 857.61 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Southside Bancshares's market, we take the total number of its shares issued and multiply it by Southside Bancshares's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Southside Bancshares conducts business under Banks sector and is part of Financials industry. The entity has 30.28 M outstanding shares of which 629.05 K shares are at this time shorted by private and institutional investors with about 4.47 trading days to cover.
Southside Bancshares currently holds about 195.13 M in cash with 82 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.07.
Check Southside Bancshares Probability Of Bankruptcy
Ownership AllocationSouthside Bancshares maintains a total of 30.28 Million outstanding shares. Over half of Southside Bancshares' outstanding shares are owned by institutional holders. These institutional holders are typically referred to as corporate investors that take positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Southside Bancshares. Please watch out for any change in the institutional holdings of Southside Bancshares as this could mean something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Southside Ownership Details
Southside Stock Price Odds Analysis
Coming from a normal probability distribution, the odds of Southside Bancshares jumping above the current price in 90 days from now is about 67.8%. The Southside Bancshares probability density function shows the probability of Southside Bancshares stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.2256. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Southside Bancshares will likely underperform. Additionally, southside Bancshares has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Southside Bancshares to move above the current price in 90 days from now is about 67.8 (This Southside Bancshares probability density function shows the probability of Southside Stock to fall within a particular range of prices over 90 days) .
Southside Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Southside Bancshares that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Southside Bancshares' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Southside Bancshares' value.| Instituion | Recorded On | Shares | |
| Millennium Management Llc | 2023-12-31 | 283.5 K | |
| Royal Bank Of Canada | 2023-12-31 | 272.1 K | |
| Proshare Advisors Llc | 2023-12-31 | 263.7 K | |
| Mesirow Institutional Investment Management, Inc. | 2023-12-31 | 245.4 K | |
| Third Avenue Management Llc | 2023-12-31 | 209.4 K | |
| Jpmorgan Chase & Co | 2023-12-31 | 203.4 K | |
| Amvescap Plc. | 2023-12-31 | 190.2 K | |
| American Century Companies Inc | 2023-12-31 | 157.5 K | |
| Principal Financial Group Inc | 2023-12-31 | 149.5 K | |
| Blackrock Inc | 2023-12-31 | 4.4 M | |
| Vanguard Group Inc | 2023-12-31 | 2.2 M |
Southside Bancshares Historical Income Statement
Southside Bancshares Income Statement is one of the three primary financial statements used for reporting Southside's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Southside Bancshares revenue and expense. Southside Bancshares Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of now, Southside Bancshares' Other Operating Expenses is increasing as compared to previous years. The Southside Bancshares' current Total Operating Expenses is estimated to increase to about 42.3 M, while Depreciation And Amortization is projected to decrease to under 7.4 M. View More FundamentalsSouthside Stock Against Markets
Picking the right benchmark for Southside Bancshares stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Southside Bancshares stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Southside Bancshares is critical whether you are bullish or bearish towards Southside Bancshares at a given time. Please also check how Southside Bancshares' historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Southside Bancshares without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Southside Bancshares Corporate Directors
Southside Bancshares corporate directors refer to members of a Southside Bancshares board of directors. The board of directors generally takes responsibility for the Southside Bancshares' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Southside Bancshares' board members must vote for the resolution. The Southside Bancshares board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Lawrence Anderson | Independent Director | Profile | |
| M Warner | Independent Director | Profile | |
| Donald Thedford | Independent Director | Profile | |
| William Sheehy | Independent Director | Profile |
How to buy Southside Stock?
Before investing in Southside Bancshares, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Southside Bancshares. To buy Southside Bancshares stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Southside Bancshares. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Southside Bancshares stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Southside Bancshares stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Southside Bancshares stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Southside Bancshares, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Southside Stock please use our How to Invest in Southside Bancshares guide.
Already Invested in Southside Bancshares?
The danger of trading Southside Bancshares is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Southside Bancshares is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Southside Bancshares. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Southside Bancshares is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Southside Bancshares offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Southside Bancshares' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Southside Bancshares Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Southside Bancshares Stock: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Southside Bancshares. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more detail on how to invest in Southside Stock please use our How to Invest in Southside Bancshares guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for Southside Stock analysis
When running Southside Bancshares' price analysis, check to measure Southside Bancshares' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Southside Bancshares is operating at the current time. Most of Southside Bancshares' value examination focuses on studying past and present price action to predict the probability of Southside Bancshares' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Southside Bancshares' price. Additionally, you may evaluate how the addition of Southside Bancshares to your portfolios can decrease your overall portfolio volatility.
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Is Southside Bancshares' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Southside Bancshares. If investors know Southside will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Southside Bancshares listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.34) | Dividend Share 1.4 | Earnings Share 2.82 | Revenue Per Share 7.872 | Quarterly Revenue Growth (0.17) |
The market value of Southside Bancshares is measured differently than its book value, which is the value of Southside that is recorded on the company's balance sheet. Investors also form their own opinion of Southside Bancshares' value that differs from its market value or its book value, called intrinsic value, which is Southside Bancshares' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Southside Bancshares' market value can be influenced by many factors that don't directly affect Southside Bancshares' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Southside Bancshares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Southside Bancshares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Southside Bancshares' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.