19-Apr-2024
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Southside Bancshares, Inc. Announces First Quarter Earnings Call
Globe Newswire (Thu, 11-Apr 4:45 PM ET)
Southside Bancshares, Inc. Increases and Declares Cash Dividend
Globe Newswire (Thu, 1-Feb 4:30 PM ET)
Globe Newswire (Fri, 26-Jan 5:45 AM ET)
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.
Southside Bancshares trades on the NASDAQ stock market under the symbol SBSI.
As of April 19, 2024, SBSI stock price climbed to $28.18 with 92,418 million shares trading.
SBSI has a beta of 1.19, meaning it tends to be more sensitive to market movements. SBSI has a correlation of 0.18 to the broad based SPY ETF.
SBSI has a market cap of $853.37 million. This is considered a Small Cap stock.
Last quarter Southside Bancshares reported $57 million in Revenue and $.57 earnings per share. This fell short of revenue expectation by $-8 million and missed earnings estimates by -$.09.
In the last 3 years, SBSI stock traded as high as $45.36 and as low as $25.38.
The top ETF exchange traded funds that SBSI belongs to (by Net Assets): IJR, VTI, IWM, VXF, IWN.
SBSI has underperformed the market in the last year with a return of -8.1%, while the SPY ETF gained +21.2%. In the last 3 month period, SBSI fell short of the market, returning -5.2%, while SPY returned +4.3%. However, in the most recent 2 weeks SBSI has outperformed the stock market by returning +1.9%, while SPY returned -3.5%.
SBSI support price is $26.76 and resistance is $27.68 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SBSI stock will trade within this expected range on the day.