Southside Bancshares (NYSE:SBSI) Stock Lifted to “Buy” by Wall Street Zen

Wall Street Zen upgraded shares of Southside Bancshares (NYSE:SBSI) from a hold rating to a buy rating in a research report released on Saturday morning,Wall Street Zen reports.

Several other analysts have also issued reports on the company. Zacks Research upgraded Southside Bancshares from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 24th. Keefe, Bruyette & Woods cut their price objective on Southside Bancshares from $37.00 to $35.00 and set a “market perform” rating for the company in a research report on Monday, August 3rd. Piper Sandler reduced their target price on Southside Bancshares from $37.00 to $33.00 and set a “neutral” rating for the company in a research note on Monday, July 27th. Stephens set a $37.00 target price on Southside Bancshares in a report on Monday, July 27th. Finally, Weiss Ratings cut Southside Bancshares from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, October 12th. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $34.75.

Southside Bancshares Stock Performance

NYSE SBSI opened at $33.65 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.74 and a debt-to-equity ratio of 2.26. The firm’s fifty day moving average price is $31.38 and its two-hundred day moving average price is $32.39. Southside Bancshares has a 1 year low of $27.59 and a 1 year high of $36.20. The firm has a market capitalization of $1.00 billion, a P/E ratio of 10.17 and a beta of 0.61.

Southside Bancshares (NYSE:SBSI) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.14. Southside Bancshares had a net margin of 21.48% and a return on equity of 11.58%. The firm had revenue of $76.14 million during the quarter, compared to analysts’ expectations of $72.67 million. As a group, research analysts anticipate that Southside Bancshares will post 3.45 EPS for the current year.

Southside Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.4%. This is a boost from Southside Bancshares’s previous quarterly dividend of $0.36. The ex-dividend date was Thursday, August 20th. Southside Bancshares’s dividend payout ratio is currently 44.71%.

Hedge Funds Weigh In On Southside Bancshares

Hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Southside Bancshares in the second quarter valued at approximately $150,305,000. Bank of New York Mellon Corp bought a new stake in shares of Southside Bancshares during the second quarter worth $9,213,000. Bank of America Corp DE bought a new stake in shares of Southside Bancshares during the second quarter worth $4,545,000. Empowered Funds LLC acquired a new position in shares of Southside Bancshares during the second quarter worth $3,991,000. Finally, Legal & General Group Plc acquired a new position in shares of Southside Bancshares during the second quarter worth $2,134,000. 55.70% of the stock is owned by institutional investors.

Southside Bancshares News Roundup

Here are the key news stories impacting Southside Bancshares this week:

• Positive Sentiment: Quarterly earnings exceeded expectations. Southside reported diluted EPS of $0.93, up from $0.80 a year earlier and $0.14 above the $0.79 consensus estimate. Revenue was approximately $74.0 million to $76.1 million, exceeding the roughly $72.7 million analyst forecast. Southside Bancshares Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Profitability remained solid. Management highlighted a 1.27% return on average assets and a 16.31% return on average tangible common equity. The company also reported an 11.16% return on equity and a 16.70% net margin, supporting the view that operating performance remains healthy. Southside Bancshares Announces Third-Quarter Financial Results
• Positive Sentiment: Near-term repricing could support net interest income. Approximately 55% of the loan portfolio is expected to reprice within 90 days, potentially allowing Southside to benefit if lending yields remain favorable or interest-rate conditions improve. Southside Moderates 2026 Loan Growth Outlook
• Neutral Sentiment: The earnings call emphasized strong quarterly execution and profitability, but investors will focus on whether these results can continue amid changing rates and a slower-growth banking environment. Southside Bancshares Q3 2026 Earnings Call Transcript
• Negative Sentiment: Loan-growth expectations were reduced. Southside moderated its 2026 loan-growth outlook to the low-to-mid single-digit range, signaling softer demand or a more cautious underwriting stance and limiting a potential source of balance-sheet expansion. Southside Moderates 2026 Loan Growth Outlook

About Southside Bancshares

Southside Bancshares, Inc is a Texas-based financial holding company and the parent company of Southside Bank. Founded in 1960 and headquartered in Tyler, Texas, the company provides banking and financial services to individuals, businesses, and institutions.

Southside Bank offers a range of deposit products, including checking, savings, money market, and certificate of deposit accounts. Its lending activities include residential and commercial real estate loans, construction financing, commercial and industrial loans, consumer loans, and other forms of business credit.

The bank also provides treasury management, online and mobile banking, wealth management, trust and fiduciary services, and other financial solutions.