SBSI Stock Summary and Trading Ideas (Southside Bancshares | NASDAQ:SBSI)

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 15, 2024, SBSI stock price climbed to $27.09 with 92,234 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 0.17 to the broad based SPY ETF.

SBSI has a market cap of $820.36 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 price return of -12.9% while the SPY ETF gained +25.3%. SBSI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -8.6% and -7.3%, respectively, while the SPY returned +6.2% and -3.6%, respectively.

SBSI support price is $26.50 and resistance is $27.52 (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.