Southside Bancshares Intrinsic Value – Cambridge Investment Research Advisors Increases Stake in Southside Bancshares,

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Southside Bancshares Intrinsic Value – Cambridge Investment Research Advisors Inc. has recently increased its stake in Southside Bancshares ($NASDAQ:SBSI), Inc., a bank holding company that provides a broad range of financial services to consumers and businesses in Texas and Arkansas. Southside Bancshares, Inc. operates through its wholly-owned subsidiaries, including Southside Bank, which provides banking services, trust and investment management services, mortgage services, and other related financial activities. The company’s stock is traded on the Nasdaq Global Select Market under the symbol SBSI. Southside Bancshares, Inc. is a full-service bank that offers a wide range of financial services, including personal banking, business banking, and trust and investment services.

The company also provides special financing for home purchases, refinancing and debt consolidation. In addition to traditional banking services, Southside Bancshares, Inc. also offers online banking and mobile banking through its website and mobile app. Southside Bancshares, Inc. believes in providing superior customer service and is committed to helping customers achieve their financial goals. The company strives to build long-term relationships with its customers by providing excellent customer service and competitive products and services.

Share Price

On Tuesday, Southside Bancshares‘ stock opened at $36.3 and closed at $36.2, down 0.7% from its last closing price of 36.5. Analysts have noted that the move could be beneficial for both parties involved, as it would provide Cambridge Investment Research Advisors Inc. with more exposure to the banking sector and give Southside Bancshares, Inc. access to additional capital. Investors should continue to keep an eye on the stock price of Southside Bancshares, Inc., as any further changes to the investment firm’s stake could have a significant impact on its performance in the near future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Southside Bancshares. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Southside Bancshares. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Southside Bancshares. More…

Key Ratios Snapshot

Some of the financial key ratios for Southside Bancshares are shown below. More…

VI Analysis – Southside Bancshares Intrinsic Value

SOUTHSIDE BANCSHARES is a financial institution whose fundamentals reflect its long term potential. The current market price of its share is $36.2, which is undervalued by 4% according to the fair value calculated by VI Line. This indicates that the stock is a good buy right now. The valuation metric used by VI app to assess SOUTHSIDE BANCSHARES’ share price is based on the company’s projected future earnings, cash flows and growth prospects. The app takes into account the company’s balance sheet, financial statements, and other metrics to form its assessment of fair value. For investors, it is important to consider a company’s fundamentals when looking to invest in stocks. SOUTHSIDE BANCSHARES’ fundamentals indicate that it is a promising and potentially lucrative investment. The fair value of its share is $37.6, making it an attractive buy at the current market price. Investing in stocks can be a risky endeavor. However, understanding a company’s fundamentals and using comprehensive tools such as VI app can help investors make informed decisions about their investments. SOUTHSIDE BANCSHARES’ strong fundamentals and fair value suggest that it is a good stock to purchase at its current market price. More…

VI Peers

As of December 31, 2018, Southside Bancshares Inc operated 108 branches in Virginia, North Carolina, and South Carolina. The Company’s primary competitors are Towne Bank, First Financial Bancorp, Canadian Western Bank, and others.

– Towne Bank ($NASDAQ:TOWN)

Towne Bank is a regional bank headquartered in Virginia. As of December 31, 2016, the company had $7.0 billion in assets, $5.2 billion in loans, and $5.6 billion in deposits. The company operates more than 100 branches in Virginia, North Carolina, and South Carolina. Towne Bank provides a full range of banking services to retail and commercial customers, including checking and savings accounts, loans, credit cards, and investment services.

– First Financial Bancorp ($NASDAQ:FFBC)

First Financial Bancorp has a market cap of 2.33B as of 2022. The company is a bank holding company that operates through its subsidiaries. It offers a range of banking services, including loans and deposits, treasury management, and wealth management.

– Canadian Western Bank ($TSX:CWB)

Canadian Western Bank’s market cap as of 2022 is 2.15B. The company is a leading provider of banking services in Canada. They offer a full range of personal and business banking products and services to meet the needs of their customers. They are committed to providing their customers with the highest level of service and support.

Summary

Investing analysis in Southside Bancshares, Inc. has been gaining momentum recently as Cambridge Investment Research Advisors Inc. has increased its stake in the company. Investors are taking a closer look at the stock and are increasingly interested in the potential of the company’s performance. Analysts have noted that the company’s fundamentals remain strong, and the outlook is encouraging. With a well-diversified portfolio of commercial banking services and products, Southside Bancshares has exhibited consistent growth over the years.

The company’s management team is experienced, and the strength of its balance sheet continues to attract investors. Although the current news sentiment around Southside Bancshares is neutral, investors remain optimistic that the stock will continue to be a good investment going forward.