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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 3/10

vs
industry
vs
history
Cash-to-Debt 0.14
NAS:SBSI's Cash-to-Debt is ranked lower than
89% of the 1639 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.05 vs. NAS:SBSI: 0.14 )
Ranked among companies with meaningful Cash-to-Debt only.
NAS:SBSI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05  Med: 0.1 Max: 2.28
Current: 0.14
0.05
2.28
Equity-to-Asset 0.10
NAS:SBSI's Equity-to-Asset is ranked lower than
51% of the 1624 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.10 vs. NAS:SBSI: 0.10 )
Ranked among companies with meaningful Equity-to-Asset only.
NAS:SBSI' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.04  Med: 0.07 Max: 0.1
Current: 0.1
0.04
0.1
Debt-to-Equity 2.34
NAS:SBSI's Debt-to-Equity is ranked lower than
91% of the 1247 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.63 vs. NAS:SBSI: 2.34 )
Ranked among companies with meaningful Debt-to-Equity only.
NAS:SBSI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.38  Med: 4.19 Max: 9.18
Current: 2.34
0.38
9.18
Debt-to-EBITDA 16.82
NAS:SBSI's Debt-to-EBITDA is ranked lower than
86% of the 1255 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.03 vs. NAS:SBSI: 16.82 )
Ranked among companies with meaningful Debt-to-EBITDA only.
NAS:SBSI' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 11.37  Med: 16.04 Max: 43.28
Current: 16.82
11.37
43.28
Interest Coverage 1.66
NAS:SBSI's Interest Coverage is ranked higher than
51% of the 1562 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.72 vs. NAS:SBSI: 1.66 )
Ranked among companies with meaningful Interest Coverage only.
NAS:SBSI' s Interest Coverage Range Over the Past 10 Years
Min: 0.33  Med: 1.31 Max: 2.58
Current: 1.66
0.33
2.58
Beneish M-Score: -2.28
WACC vs ROIC
3.75%
3.30%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating Margin % 38.57
NAS:SBSI's Operating Margin % is ranked higher than
61% of the 1650 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 32.07 vs. NAS:SBSI: 38.57 )
Ranked among companies with meaningful Operating Margin % only.
NAS:SBSI' s Operating Margin % Range Over the Past 10 Years
Min: 14.22  Med: 33.58 Max: 41.87
Current: 38.57
14.22
41.87
Net Margin % 31.67
NAS:SBSI's Net Margin % is ranked higher than
71% of the 1650 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 22.99 vs. NAS:SBSI: 31.67 )
Ranked among companies with meaningful Net Margin % only.
NAS:SBSI' s Net Margin % Range Over the Past 10 Years
Min: 15.87  Med: 27.22 Max: 31.67
Current: 31.67
15.87
31.67
ROE % 10.58
NAS:SBSI's ROE % is ranked higher than
65% of the 1653 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.60 vs. NAS:SBSI: 10.58 )
Ranked among companies with meaningful ROE % only.
NAS:SBSI' s ROE % Range Over the Past 10 Years
Min: 6.08  Med: 14.84 Max: 24.5
Current: 10.58
6.08
24.5
ROA % 1.00
NAS:SBSI's ROA % is ranked higher than
58% of the 1657 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.90 vs. NAS:SBSI: 1.00 )
Ranked among companies with meaningful ROA % only.
NAS:SBSI' s ROA % Range Over the Past 10 Years
Min: 0.5  Med: 1.15 Max: 1.55
Current: 1
0.5
1.55
3-Year Revenue Growth Rate 0.70
NAS:SBSI's 3-Year Revenue Growth Rate is ranked lower than
74% of the 1479 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 4.20 vs. NAS:SBSI: 0.70 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
NAS:SBSI' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -24.8  Med: 6.3 Max: 97.5
Current: 0.7
-24.8
97.5
3-Year EBITDA Growth Rate 2.30
NAS:SBSI's 3-Year EBITDA Growth Rate is ranked lower than
66% of the 1396 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.90 vs. NAS:SBSI: 2.30 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
NAS:SBSI' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -26  Med: 4.05 Max: 24.9
Current: 2.3
-26
24.9
3-Year EPS without NRI Growth Rate -2.20
NAS:SBSI's 3-Year EPS without NRI Growth Rate is ranked lower than
76% of the 1354 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.60 vs. NAS:SBSI: -2.20 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
NAS:SBSI' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -19  Med: 5.7 Max: 42.9
Current: -2.2
-19
42.9
GuruFocus has detected 8 Warning Signs with Southside Bancshares Inc NAS:SBSI.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» NAS:SBSI's 30-Y Financials

Financials (Next Earnings Date: 2018-01-26)


Revenue & Net Income
Equity & Asset
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q4 2016

SBSI Guru Trades in Q4 2016

Paul Tudor Jones 9,570 sh (New)
Jim Simons 824,572 sh (+14.49%)
Third Avenue Management 221,678 sh (-0.44%)
Ken Fisher 40,196 sh (-50.28%)
» More
Q1 2017

SBSI Guru Trades in Q1 2017

Ken Fisher 57,277 sh (+42.49%)
Jim Simons 849,372 sh (+3.01%)
Third Avenue Management 221,678 sh (unchged)
Paul Tudor Jones 6,200 sh (-35.21%)
» More
Q2 2017

SBSI Guru Trades in Q2 2017

Ken Fisher 82,822 sh (+41.07%)
Paul Tudor Jones Sold Out
Jim Simons 835,010 sh (-4.09%)
Third Avenue Management 204,070 sh (-10.19%)
» More
Q3 2017

SBSI Guru Trades in Q3 2017

Jim Simons 839,210 sh (+0.50%)
Third Avenue Management 198,385 sh (-2.79%)
Ken Fisher 71,931 sh (-13.15%)
» More
» Details

Insider Trades

Latest Guru Trades with SBSI

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Third Avenue Management 2017-09-30 Reduce -2.79%0.01%$31.57 - $36.04 $ 34.662%198,385
Ken Fisher 2017-09-30 Reduce -13.15%$31.57 - $36.04 $ 34.662%71,931
Third Avenue Management 2017-06-30 Reduce -10.19%0.03%$31.12 - $35.64 $ 34.664%204,070
Ken Fisher 2017-06-30 Add 41.07%$31.12 - $35.64 $ 34.664%82,822
Ken Fisher 2017-03-31 Add 42.49%$31.26 - $36.95 $ 34.661%58,709
Third Avenue Management 2016-12-31 Reduce -0.44%$30.77 - $37.57 $ 34.660%227,220
Ken Fisher 2016-12-31 Reduce -50.28%$30.77 - $37.57 $ 34.660%41,201
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
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Business Description

Industry: Banks » Banks - Regional - US    NAICS: 522110    SIC: 6022
Compare:NYSE:BANC, NAS:SBCF, NAS:FBNC, NAS:EFSC, NYSE:FBP, NAS:CHCO, OTCPK:FMBL, NAS:HAFC, NAS:STBZ, NAS:SASR, NAS:MSFG, NAS:LBAI, NAS:TCBK, NAS:WASH, NAS:OPB, NYSE:CPF, NAS:PFBC, NAS:HFWA, NAS:BRKL, NAS:LKFN » details
Headquarter Location:USA
Southside Bancshares Inc is a financial institution offering financial services to individuals, businesses, municipal entities, and non-profit organizations in the communities it serves.

Southside Bancshares Inc is a financial institution offering financial services to individuals, businesses, municipal entities, and non-profit organizations in the communities it serves.

Guru Investment Theses on Southside Bancshares Inc

Third Avenue Management Comments on Southside Bancshares - Dec 10, 2015

Southside Bancshares (NASDAQ:SBSI) (Southside) is a retail and commercial bank in Texas. While off the radar of many investors, Southside has been in business more than fifty years and today is one of the ten largest banks based in Texas with nearly $5 billion of assets and a remarkable track record. Within the last year Southside acquired and has been integrating another bank in Texas named OmniAmerican (Omni) which we believe will be transformative for the company.

We believe the acquisition will significantly increase Southside’s growth profile. Since its founding in 1960, Southside has been predominantly focused on East Texas and has grown to command a dominant position within the market. Based in Fort Worth, Omni now gives Southside a platform with which to expand within the fast-growing Dallas-Fort Worth metroplex. Moreover, Southside has been able to dramatically reduce expenses at Omni and sees significant opportunities for adding offerings to the bank outside of lending. Simultaneously, Southside has begun an aggressive organic expansion into the Austin market which has become the fastest-growing city in the country. With Southside’s over-capitalized balance sheet, particularly after the Omni acquisition, it has more than sufficient capital with which to expand in these new markets.

In addition to Southside’s outlook for growth, we would highlight the bank’s extraordinary track record and strong management team. In an industry rife with subpar capital allocation, Southside has proven itself to be a very conservative lender, always maintaining a strong balance sheet and credit culture and very high credit quality. This has resulted in exceptional compounding of the company’s book value at over 11.5% for the past ten years and over 16.5% when adding back dividends paid.

We believe investor neglect and misunderstanding gave us the opportunity to purchase Southside, as the markets indiscriminately sold banks fearing energy loan exposures. Conversely, Southside’s direct energy exposure is de minimis at less than 1.5% of its loan portfolio and indirect energy exposure even less. Intentionally, Southside also has no presence in the Texas geographies most exposed to the energy sector such as Houston and West Texas. We believe that at the undemanding valuation of 13-14x earnings this was a very attractive opportunity for the Fund, allowing us to buy a strong compounder at a reasonable 30% discount to our NAV estimate.

We would also note that Southside’s success over the years and strong prospects aren’t lost on other banks in the market and that Southside could become an acquisition target itself in time.

From Third Avenue Management (Trades, Portfolio)'s Small-Cap Value Fund fourth quarter 2015 portfolio manager commentary.

Check out Martin Whitman latest stock trades

Ratios

vs
industry
vs
history
PE Ratio 18.22
SBSI's PE Ratio is ranked lower than
70% of the 1528 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.62 vs. SBSI: 18.22 )
Ranked among companies with meaningful PE Ratio only.
SBSI' s PE Ratio Range Over the Past 10 Years
Min: 5.27  Med: 12.88 Max: 32.68
Current: 18.22
5.27
32.68
PE Ratio without NRI 18.22
SBSI's PE Ratio without NRI is ranked lower than
69% of the 1531 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.75 vs. SBSI: 18.22 )
Ranked among companies with meaningful PE Ratio without NRI only.
SBSI' s PE Ratio without NRI Range Over the Past 10 Years
Min: 5.28  Med: 12.85 Max: 32.92
Current: 18.22
5.28
32.92
Price-to-Owner-Earnings 16.23
SBSI's Price-to-Owner-Earnings is ranked lower than
56% of the 922 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.44 vs. SBSI: 16.23 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
SBSI' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 5.94  Med: 15.09 Max: 83.06
Current: 16.23
5.94
83.06
PB Ratio 1.80
SBSI's PB Ratio is ranked lower than
84% of the 1636 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.22 vs. SBSI: 1.80 )
Ranked among companies with meaningful PB Ratio only.
SBSI' s PB Ratio Range Over the Past 10 Years
Min: 1.14  Med: 1.72 Max: 2.89
Current: 1.8
1.14
2.89
PS Ratio 5.74
SBSI's PS Ratio is ranked lower than
83% of the 1598 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.44 vs. SBSI: 5.74 )
Ranked among companies with meaningful PS Ratio only.
SBSI' s PS Ratio Range Over the Past 10 Years
Min: 1.55  Med: 3.54 Max: 13.36
Current: 5.74
1.55
13.36
Price-to-Free-Cash-Flow 11.34
SBSI's Price-to-Free-Cash-Flow is ranked higher than
52% of the 890 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.78 vs. SBSI: 11.34 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
SBSI' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 4.59  Med: 10.12 Max: 23.25
Current: 11.34
4.59
23.25
Price-to-Operating-Cash-Flow 10.35
SBSI's Price-to-Operating-Cash-Flow is ranked higher than
50% of the 957 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 10.35 vs. SBSI: 10.35 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
SBSI' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 4.39  Med: 9.17 Max: 17.88
Current: 10.35
4.39
17.88
EV-to-EBIT 31.68
SBSI's EV-to-EBIT is ranked lower than
88% of the 1255 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.71 vs. SBSI: 31.68 )
Ranked among companies with meaningful EV-to-EBIT only.
SBSI' s EV-to-EBIT Range Over the Past 10 Years
Min: -35.3  Med: 22.8 Max: 80.8
Current: 31.68
-35.3
80.8
EV-to-EBITDA 27.70
SBSI's EV-to-EBITDA is ranked lower than
88% of the 1254 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.38 vs. SBSI: 27.70 )
Ranked among companies with meaningful EV-to-EBITDA only.
SBSI' s EV-to-EBITDA Range Over the Past 10 Years
Min: -39.4  Med: 21.1 Max: 68.2
Current: 27.7
-39.4
68.2
EV-to-Revenue 12.24
SBSI's EV-to-Revenue is ranked lower than
92% of the 1293 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 4.22 vs. SBSI: 12.24 )
Ranked among companies with meaningful EV-to-Revenue only.
SBSI' s EV-to-Revenue Range Over the Past 10 Years
Min: 6.1  Med: 8.5 Max: 30.8
Current: 12.24
6.1
30.8
Shiller PE Ratio 19.11
SBSI's Shiller PE Ratio is ranked higher than
53% of the 508 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 21.19 vs. SBSI: 19.11 )
Ranked among companies with meaningful Shiller PE Ratio only.
SBSI' s Shiller PE Ratio Range Over the Past 10 Years
Min: 11.13  Med: 16.29 Max: 22.79
Current: 19.11
11.13
22.79

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 3.11
SBSI's Dividend Yield % is ranked higher than
55% of the 2337 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.62 vs. SBSI: 3.11 )
Ranked among companies with meaningful Dividend Yield % only.
SBSI' s Dividend Yield % Range Over the Past 10 Years
Min: 1.39  Med: 2.91 Max: 4.43
Current: 3.11
1.39
4.43
Dividend Payout Ratio 0.54
SBSI's Dividend Payout Ratio is ranked lower than
78% of the 1387 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.32 vs. SBSI: 0.54 )
Ranked among companies with meaningful Dividend Payout Ratio only.
SBSI' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.18  Med: 0.32 Max: 0.78
Current: 0.54
0.18
0.78
3-Year Dividend Growth Rate 10.70
SBSI's 3-Year Dividend Growth Rate is ranked higher than
65% of the 820 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.50 vs. SBSI: 10.70 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
SBSI' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0  Med: 12.9 Max: 31.6
Current: 10.7
0
31.6
Forward Dividend Yield % 3.23
SBSI's Forward Dividend Yield % is ranked higher than
57% of the 2240 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.79 vs. SBSI: 3.23 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 5.34
SBSI's 5-Year Yield-on-Cost % is ranked higher than
70% of the 2723 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.29 vs. SBSI: 5.34 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
SBSI' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 2.38  Med: 4.99 Max: 7.6
Current: 5.34
2.38
7.6
3-Year Average Share Buyback Ratio -8.30
SBSI's 3-Year Average Share Buyback Ratio is ranked lower than
72% of the 1129 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -2.20 vs. SBSI: -8.30 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
SBSI' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -8.7  Med: -1 Max: 4.6
Current: -8.3
-8.7
4.6

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 2.21
SBSI's Price-to-Tangible-Book is ranked lower than
85% of the 1630 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.30 vs. SBSI: 2.21 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
SBSI' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.18  Med: 1.86 Max: 2.96
Current: 2.21
1.18
2.96
Price-to-Intrinsic-Value-Projected-FCF 0.94
SBSI's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
64% of the 857 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.85 vs. SBSI: 0.94 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
SBSI' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.38  Med: 0.78 Max: 1.22
Current: 0.94
0.38
1.22
Price-to-Median-PS-Value 1.62
SBSI's Price-to-Median-PS-Value is ranked lower than
85% of the 1469 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.16 vs. SBSI: 1.62 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
SBSI' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.45  Med: 0.97 Max: 3.75
Current: 1.62
0.45
3.75
Price-to-Graham-Number 1.34
SBSI's Price-to-Graham-Number is ranked lower than
81% of the 1429 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.95 vs. SBSI: 1.34 )
Ranked among companies with meaningful Price-to-Graham-Number only.
SBSI' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.64  Med: 1.04 Max: 1.79
Current: 1.34
0.64
1.79
Earnings Yield (Greenblatt) % 3.18
SBSI's Earnings Yield (Greenblatt) % is ranked lower than
67% of the 1657 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.51 vs. SBSI: 3.18 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
SBSI' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -3.5  Med: 3.7 Max: 6.5
Current: 3.18
-3.5
6.5
Forward Rate of Return (Yacktman) % 11.44
SBSI's Forward Rate of Return (Yacktman) % is ranked lower than
60% of the 981 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.33 vs. SBSI: 11.44 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
SBSI' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -4.5  Med: 7.5 Max: 21.9
Current: 11.44
-4.5
21.9

More Statistics

Revenue (TTM) (Mil) $175.39
EPS (TTM) $ 1.90
Beta0.65
Short Percentage of Float5.63%
52-Week Range $30.44 - 38.04
Shares Outstanding (Mil)29.43

Piotroski F-Score Details

Piotroski F-Score: ----
Positive ROAN
Positive CFROAN
Higher ROA yoyN
CFROA > ROAN
Lower Leverage yoyN
Higher Current Ratio yoyN
Less Shares Outstanding yoyN
Higher Gross Margin yoyN
Higher Asset Turnover yoyN

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