Southside Bancshares Stock (NASDAQ: SBSI)

Southside Bancshares Stock (NASDAQ:SBSI), Trade Ideas

Southside Bancshares

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.

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Southside Bancshares, Inc. - Common Stock

Southside Bancshares Inc

Dividends

Southside Bancshares, Inc. Increases Dividend From $0.35 To $0.36/Share

Southside Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBSI#NASDAQ">SBSI</a>) reported quarterly earnings of $0.57 per share which missed the analyst consensus estimate of $0.66 by 13.64 percent. This is a 34.48 percent decrease over earnings of $0.87 per share from the same period last year. The company reported quarterly sales of $56.99 million which missed the analyst consensus estimate of $64.82 million by 12.09 percent. This is a 15.71 percent decrease over sales of $67.61 million the same period last year.

Earnings

Southside Bancshares Q4 EPS $0.57 Misses $0.66 Estimate, Sales $56.99M Miss $64.82M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Autoliv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALV#NYSE">ALV</a>) is projected to report quarterly earnings at $3.23 per share on revenue of $2.75 billion.
&bull; Gentex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNTX#NASDAQ">GNTX</a>) is expected to report quarterly earnings at $0.44 per share on revenue of $559.48 million.
&bull; Norfolk Southern (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>) is expected to report quarterly earnings at $2.87 per share on revenue of $3.08 billion.
&bull; Oxford Lane Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OXLC#NASDAQ">OXLC</a>) is likely to report earnings for its third quarter.
&bull; Badger Meter (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMI#NYSE">BMI</a>) is estimated to report quarterly earnings at $0.82 per share on revenue of $182.32 million.
&bull; American Express (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) is estimated to report quarterly earnings at $2.64 per share on revenue of $16.00 billion.
&bull; Colgate-Palmolive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CL#NYSE">CL</a>) is likely to report quarterly earnings at $0.85 per share on revenue of $4.89 billion.
&bull; BankUnited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKU#NYSE">BKU</a>) is projected to report quarterly earnings at $0.69 per share on revenue of $244.27 million.
&bull; First Citizens BancShares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NASDAQ">FCNCA</a>) is likely to report quarterly earnings at $47.98 per share on revenue of $2.38 billion.
&bull; Dime Community Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCOM#NASDAQ">DCOM</a>) is projected to report quarterly earnings at $0.47 per share on revenue of $73.79 million.
&bull; South Plains Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPFI#NASDAQ">SPFI</a>) is expected to report quarterly earnings at $0.64 per share on revenue of $47.01 million.
&bull; Southside Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBSI#NASDAQ">SBSI</a>) is projected to report quarterly earnings at $0.66 per share on revenue of $64.82 million.
&bull; First Hawaiian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FHB#NASDAQ">FHB</a>) is estimated to report quarterly earnings at $0.44 per share on revenue of $201.03 million.
&bull; Stellar Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STEL#NYSE">STEL</a>) is expected to report quarterly earnings at $0.55 per share on revenue of $108.24 million.
&bull; Booz Allen Hamilton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAH#NYSE">BAH</a>) is estimated to report quarterly earnings at $1.14 per share on revenue of $2.54 billion.
<h3>&nbsp;</h3>
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For January 26, 2024

Southside Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBSI#NASDAQ">SBSI</a>) is set to give its latest quarterly earnings report on Friday, 2024-01-26. Here's what investors need to know before the announcement.
Analysts estimate that Southside Bancshares will report an earnings per share (EPS) of $0.66. 
Southside Bancshares bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company missed EPS by $0.12, which was followed by a 1.98% drop in the share price the next day.
Here's a look at Southside Bancshares's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.72</td>
<td>0.69</td>
<td>0.78</td>
<td>0.85</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.60</td>
<td>0.81</td>
<td>0.83</td>
<td>0.87</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.98%</td>
<td>11.6%</td>
<td>-0.87%</td>
<td>2.93%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1706191276_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Southside Bancshares were trading at $31.2 as of January 23. Over the last 52-week period, shares are down 15.31%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/SBSI/earnings">To track all earnings releases for Southside Bancshares visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Southside Bancshares

<h3>What Defines a Value Stock?</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>Benzinga Insights has compiled a list of value stocks in the financial services sector that may be worth watching:</h2>
<ol>
<li>Heritage Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) - P/E: 7.82</li>
<li>Sprott Focus Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUND#NASDAQ">FUND</a>) - P/E: 6.82</li>
<li>Great Elm Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GECC#NASDAQ">GECC</a>) - P/E: 5.88</li>
<li>Southside Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBSI#NASDAQ">SBSI</a>) - P/E: 9.05</li>
<li>First Busey (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BUSE#NASDAQ">BUSE</a>) - P/E: 9.02</li>
</ol>
This quarter, Heritage Insurance Hldgs experienced a decrease in earnings per share, which was $0.32 in Q2 and is now $-0.28. Most recently, the company reported a dividend yield of 5.84%, which has increased by 1.43% from last quarter's yield of 4.41%.
Most recently, Sprott Focus Trust reported earnings per share at $0.03, whereas in Q1 earnings per share sat at $0.26. The company's most recent dividend yield sits at 6.09%, which has decreased by 0.39% from 6.48% last quarter. 
Most recently, Great Elm Capital reported earnings per share at $0.4, whereas in Q2 earnings per share sat at $0.44. Most recently, the company reported a dividend yield of 15.77%, which has decreased by 0.96% from last quarter's yield of 16.73%.
Southside Bancshares saw a decrease in earnings per share from 0.81 in Q2 to $0.6 now. First Busey has reported Q3 earnings per share at $0.55, which has increased by 5.77% compared to Q2, which was 0.52. The company's most recent dividend yield sits at 4.95%, which has increased by 0.3% from 4.65% last quarter. 
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

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5 Value Stocks In The Financial Services Sector

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Earnings Scheduled For October 26, 2023

Southside Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBSI#NASDAQ">SBSI</a>) reported quarterly earnings of $0.60 per share which missed the analyst consensus estimate of $0.72 by 16.67 percent. This is a 28.57 percent decrease over earnings of $0.84 per share from the same period last year. The company reported quarterly sales of $64.10 million which missed the analyst consensus estimate of $68.18 million by 5.98 percent. This is a 2.56 percent decrease over sales of $65.78 million the same period last year.

Southside Bancshares Q3 EPS $0.60 Misses $0.72 Estimate, Sales $64.10M Miss $68.18M Estimate

Keefe, Bruyette &amp; Woods maintains Southside Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBSI#NASDAQ">SBSI</a>) with a Market Perform and raises the price target from $31 to $34.

Price Target

Analyst Ratings

Keefe, Bruyette & Woods Maintains Market Perform on Southside Bancshares, Raises Price Target to $34

WIIM

BPOP

CADE

FFIC

TRMK

Shares of bank stocks are trading higher after Banc of California and PacWest announced a merger agreement.

Stephens &amp; Co. analyst Matt Olney maintains Southside Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBSI#NASDAQ">SBSI</a>) with a Equal-Weight and raises the price target from $29 to $34.

Stephens & Co. Maintains Equal-Weight on Southside Bancshares, Raises Price Target to $34

On July 20, 2023, our board of directors approved a Stock Repurchase Plan authorizing the repurchase of up to 1.0 million shares of the Company&#39;s outstanding common stock.

Buybacks

On July 20, Southside Bancshares Board Approved a Buyback of up to 1M Shares

Southside Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBSI#NASDAQ">SBSI</a>) reported quarterly earnings of $0.81 per share which beat the analyst consensus estimate of $0.69 by 17.39 percent. This is a 2.53 percent increase over earnings of $0.79 per share from the same period last year. The company reported quarterly sales of $64.38 million which missed the analyst consensus estimate of $65.50 million by 1.71 percent. This is a 6.99 percent increase over sales of $60.17 million the same period last year.

Southside Bancshares Q2 EPS $0.81 Beats $0.69 Estimate, Sales $64.38M Miss $65.50M Estimate

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Earnings Scheduled For July 25, 2023

Southside Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBSI#NASDAQ">SBSI</a>) is set to give its latest quarterly earnings report on Tuesday, 2023-07-25. Here's what investors need to know before the announcement.
Analysts estimate that Southside Bancshares will report an earnings per share (EPS) of $0.69. 
Southside Bancshares bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.05, which was followed by a 0.87% drop in the share price the next day.
Here's a look at Southside Bancshares's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
<th>Q2 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.78</td>
<td>0.85</td>
<td>0.87</td>
<td>0.75</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.83</td>
<td>0.87</td>
<td>0.84</td>
<td>0.79</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-0.87%</td>
<td>2.93%</td>
<td>-2.48%</td>
<td>2.8%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1690221693_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Southside Bancshares were trading at $27.67 as of July 21. Over the last 52-week period, shares are down 28.51%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/SBSI/earnings">To track all earnings releases for Southside Bancshares visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Preview: Southside Bancshares's Earnings

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