Southside Bancshares: Today’s Pick

Today I’m reviewing a small-cap regional US bank, named Southside Bancshares Inc. Its trading ticker symbol is SBSI. 

Southside Bancshares Inc is a financial institution offering financial services to individuals, businesses, municipal entities, and non-profit organizations in the communities it serves. It was was founded in 1960 and is headquartered in Tyler, Texas.

The company operates through 60 branches and 40 motor bank facilities located in Tyler, Longview, Lindale, Gresham, Jacksonville, Bullard, Chandler, Hawkins, Palestine, Gun Barrel City, Whitehouse, Fort Worth, Arlington, Cleburne, Euless, Flower Mound, Frisco, Granbury, Grapevine, Irving, Watauga, Weatherford, Austin, Diboll, Lufkin, Nacogdoches, Cleveland, Splendora, Jasper, Pineland, Hemphill, and San Augustine; and a network of approximately 84 automated teller machines, as well as trust services, and/or loan production or other financial services offices. 

I use three key data points to gauge the value of any dividend equity or fund like Southside Bancshares Inc.: 

(1) Price

(2) Dividends

(3) Returns

Besides those three, four more keys will finally unlock an equity or fund in which to invest.

But those first three primary keys, which best tell whether a company has made, is making, and will make money. 

SBSI Price

Southside’s price per share was $34.64 at yesterday’s market close. A year ago its price was $37.04 for a price slide of $2.40 per share.  

Assuming Southside’s price will trade in the range of $32 to $38 next year, Southside’s current $34.64 price could manage a $2.00 gain and grow to $36.64 by early-October, 2019. 

SBSI Dividends

Southside’s most recent quarterly dividend was $0.30 declared August 9th and paid September 6th. 

At this most recent $0.30 quarterly rate, Southside’s annual dividend equals $1.20 yielding 3.41% at yesterday’s closing $34.64 price.

Gains For SBSI?