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Southside Bancshares Inc (SBSI) is a financial institution offering its services to individuals, businesses, municipal entities, and non-profit organizations.

It provides personal banking, business banking, mortgage, equity lending, wealth management and trust, and brokerage services.

The bank generates its revenue in the form of interest income, gains on sales of assets, and fee income.

The company offers its services through branches, drive-thru facilities, automated teller machines, and interactive teller machines.

Southside Bancshares, Inc. was founded in 1960 and is headquartered in Tyler, Texas.

Three key data points gauge Southside or any dividend-paying firm.

The key three are:

(1) Price

(2) Dividends

(3) Returns

Those three keys also best tell whether any company has made, is making, and will make money.

SBSI Price

Southside’s share price rose about 21% in the past year from $29.43 to $30.76 as of Thursday’s market close.

In the past 3 years the company’s share price has ranged from $25.53 to $42.11, its all-time high of $45.56 was reached November 11, 2021.

If the company conforms to the median annual price gain projected by 3 analysts tracking SBSI for brokers, price will grow $5.74 to $36.50.

SBSI  Dividend

Southside has paid variable quarterly dividends since June 30th, 1998.

The company’s most recent Q dividend of $0.36 was declared February 6th for shareholders of record prior to February 20th, and the payout is due March 6th.

A forward looking annual dividend of $1.44 yields 4.68% per Thursday’s closing price.

SBSI Returns

Putting it all together, a $7.18 estimated gross gain per share shows up by adding SBSI’s annual $1.44 dividend to the estimated $5.74 annual price gain, totaling that $7.18 gross amount.

A little under $1000 buys 32.5 shares at Thursday’s $30.76 share price.

A $10 broker fee (if charged), collected half at purchase and half at sale, might take about $0.31 per share out of the $7.18 gross-gain to give us a net $6.87 amount per share to multiply by 32.5, to equal $223.28 for about a 22.3% estimated net gain on the year.

Furthermore, the $46.80 annual dividend income from $1k invested in SBSI is over $16.00 greater than the single-share price. By these numbers, Southside Bancshares Inc. may be an ideal dividend dog.

Therefore, you may choose to pounce on SBSI as a 65-year-old quarterly dividend-paying bank with a 27-year dividend record.

The exact track of Southside Bancshare’s future price and dividend will entirely be determined by market action and company finances.

Remember the best way to track stock performance and dividend payments is through direct ownership of company shares.

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