Investors Three-year Losses Continue as Southside Bancshares (NASDAQ:SBSI) Dips a Further 5.9% This Week, Earnings Continue to Decline
Investors Three-year Losses Continue as Southside Bancshares (NASDAQ:SBSI) Dips a Further 5.9% This Week, Earnings Continue to Decline
In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market index fund. But the risk of stock picking is that you will likely buy under-performing companies. Unfortunately, that's been the case for longer term Southside Bancshares, Inc. (NASDAQ:SBSI) shareholders, since the share price is down 35% in the last three years, falling well short of the market return of around 15%. The falls have accelerated recently, with the share price down 15% in the last three months. This could be related to the recent financial results - you can catch up on the most recent data by reading our company report.
爲了證明選擇個股的努力是合理的,值得努力超過市場指數基金的回報。但是選股的風險在於,你可能會買入表現不佳的公司。不幸的是,Southside Bancshares, Inc.(納斯達克股票代碼:SBSI)的長期股東就是這種情況,因爲股價在過去三年中下跌了35%,遠低於15%左右的市場回報率。最近跌勢加速,股價在過去三個月中下跌了15%。這可能與最近的財務業績有關——您可以通過閱讀我們的公司報告來了解最新的數據。
After losing 5.9% this past week, it's worth investigating the company's fundamentals to see what we can infer from past performance.
在上週下跌5.9%之後,值得調查該公司的基本面,以了解我們可以從過去的表現中推斷出什麼。
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.
雖然市場是一種強大的定價機制,但股價反映了投資者的情緒,而不僅僅是潛在的業務表現。評估公司情緒變化的一種有缺陷但合理的方法是將每股收益(EPS)與股價進行比較。
Southside Bancshares saw its EPS decline at a compound rate of 7.3% per year, over the last three years. The share price decline of 14% is actually steeper than the EPS slippage. So it seems the market was too confident about the business, in the past. The less favorable sentiment is reflected in its current P/E ratio of 9.83.
在過去三年中,Southside Bancshares的每股收益以每年7.3%的複合速度下降。14%的股價下跌實際上比每股收益的下滑幅度更大。因此,過去市場似乎對該業務過於自信。不太樂觀的情緒反映在目前的市盈率9.83上。
The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).
下圖描述了 EPS 隨着時間的推移是如何變化的(點擊圖片可以看到確切的值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240501/0-c0ae4818cc627f7af164416849f267b2-0-bd20abf89cbc7e6ff4cf627fc08c32da.png/big)
We consider it positive that insiders have made significant purchases in the last year. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. This free interactive report on Southside Bancshares' earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
我們認爲,內部人士在去年進行了大量收購,這是積極的。話雖如此,大多數人認爲收益和收入增長趨勢是更有意義的業務指南。如果你想進一步調查該股,這份關於Southside Bancshares收益、收入和現金流的免費互動報告是一個很好的起點。
What About Dividends?
分紅呢?
It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for Southside Bancshares the TSR over the last 3 years was -27%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence!
重要的是要考慮任何給定股票的股東總回報率和股價回報率。基於股息再投資的假設,股東總回報率納入了任何分拆或貼現資本籌集的價值以及任何股息。可以公平地說,股東總回報率爲支付股息的股票提供了更完整的畫面。我們注意到,Southside Bancshares在過去3年的股東總回報率爲-27%,好於上述股價回報率。而且,猜測股息支付在很大程度上解釋了這種分歧是沒有好處的!
A Different Perspective
不同的視角
While the broader market gained around 24% in the last year, Southside Bancshares shareholders lost 3.5% (even including dividends). However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 1.6% per year over five years. Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround. It is all well and good that insiders have been buying shares, but we suggest you check here to see what price insiders were buying at.
儘管去年整體市場上漲了約24%,但Southside Bancshares的股東卻下跌了3.5%(甚至包括股息)。但是,請記住,即使是最好的股票有時也會在十二個月內表現不如市場。遺憾的是,去年的業績結束了糟糕的表現,股東在五年內每年面臨1.6%的總虧損。總的來說,長期股價疲軟可能是一個壞兆頭,儘管逆勢投資者可能希望研究該股以期出現轉機。內部人士買入股票是一件好事,但我們建議你在這裏查看內部人士的買入價格。
Southside Bancshares is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Southside Bancshares並不是內部人士唯一買入的股票。對於那些喜歡尋找獲利投資的人來說,這份最近有內幕收購的成長型公司的免費清單可能就是入場券。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.
請注意,本文引用的市場回報反映了目前在美國交易所交易的股票的市場加權平均回報。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。