John Garrett - Southside Bancshares Independent Director

SBSI Stock  USD 28.38  0.06  0.21%   

Director

Mr. John Robert Garrett is Vice Chairman of the Board of Southside Bancshares, Inc. Mr. Garrett is a residential and commercial real estate developer and has served as the President of Fair Oil Company, a Tyler based oil and gas exploration and production company, since 2002. Mr. Garrett is also Vice President of the R. W. Fair Foundation, a member of the Board of Regents of Stephen F. Austin State University and a member of the University of Texas Health Science Center at Tyler Development Board. He is a director of T.B. Butler Publishing, Inc. and a director of the Meadows Mental Health Policy Institute. He is a past president of both the Tyler Area Builders Association and the Texas Association of Builders. Mr. Garrett brings to our Board extensive knowledge in the areas of residential and commercial real estate and oil and gas, as well as management, leadership and business skills and experience serving on numerous boards, all of which qualify him to be a member of the Board. since 2015.
Age 64
Tenure 9 years
Address 1201 South Beckham Avenue, Tyler, TX, United States, 75701
Phone903 531 7111
Webhttps://www.southside.com
Garrett has served on the Board of Directors of Southside Bancshares, Inc. and Southside Bank since 2009. He is a residential and commercial Real Estate Developer and has served as President of Fair Oil Company, a Tyler based oil and gas exploration and production company, since 2002. He is also Vice President of the R.W. Fair Foundation, a member of the Board of Regents at Stephen F. Austin State University and Chairman of the University of Texas Health Northeast Development Board. He is a past President of both the Tyler Area Builders Association and the Texas Association of Builders. He is a director of T.B. Butler Publishing, Inc., a member of the board of the Tyler Economic Development Council and the Meadows Mental Health Policy Institute.

John Garrett Latest Insider Activity

Tracking and analyzing the buying and selling activities of John Garrett against Southside Bancshares stock is an integral part of due diligence when investing in Southside Bancshares. John Garrett insider activity provides valuable insight into whether Southside Bancshares is net buyers or sellers over its current business cycle. Note, Southside Bancshares insiders must abide by specific rules, including filing SEC forms every time they buy or sell Southside Bancshares'shares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

Southside Bancshares Management Efficiency

The company has return on total asset (ROA) of 0.0109 % which means that it generated a profit of $0.0109 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1141 %, meaning that it created $0.1141 on every $100 dollars invested by stockholders. Southside Bancshares' management efficiency ratios could be used to measure how well Southside Bancshares manages its routine affairs as well as how well it operates its assets and liabilities. The Southside Bancshares' current Return On Equity is estimated to increase to 0.15, while Return On Tangible Assets are projected to decrease to 0.01. As of now, Southside Bancshares' Other Assets are increasing as compared to previous years. The Southside Bancshares' current Other Current Assets is estimated to increase to about 999.9 M, while Total Current Assets are projected to decrease to under 580.5 M.
The company currently holds 893.32 M in liabilities with Debt to Equity (D/E) ratio of 10.62, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Debt can assist Southside Bancshares until it has trouble settling it off, either with new capital or with free cash flow. So, Southside Bancshares' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Southside Bancshares sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Southside to invest in growth at high rates of return. When we think about Southside Bancshares' use of debt, we should always consider it together with cash and equity.

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Southside Bancshares, Inc. operates as the bank holding company for Southside Bank that provides a range of financial services to individuals, businesses, municipal entities, and nonprofit organizations. Southside Bancshares, Inc. was founded in 1960 and is headquartered in Tyler, Texas. Southside Bancshares operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 809 people. Southside Bancshares (SBSI) is traded on NASDAQ Exchange in USA. It is located in 1201 South Beckham Avenue, Tyler, TX, United States, 75701 and employs 815 people. Southside Bancshares is listed under Regional Banks category by Fama And French industry classification.

Management Performance

Southside Bancshares Leadership Team

Elected by the shareholders, the Southside Bancshares' board of directors comprises two types of representatives: Southside Bancshares inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Southside. The board's role is to monitor Southside Bancshares' management team and ensure that shareholders' interests are well served. Southside Bancshares' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Southside Bancshares' outside directors are responsible for providing unbiased perspectives on the board's policies.
Lawrence Anderson, Independent Director
M Warner, Independent Director
Donald Thedford, Independent Director
William Sheehy, Independent Director
Patrick Callan, Director
Alton Cade, Independent Director
Julie CPA, Chief Officer
Paul Powell, Independent Director
Anne Martinez, Executive Officer
CPA III, CEO President
T Arnold, Chief Officer
Julie Shamburger, CFO, Executive Vice President
Vonna Crowley, Chief Officer
CPA CPA, Chief Officer
Sam Dawson, President CEO, Director
SElaine Anderson, Independent Director
Deborah Wilkinson, IR Contact Officer
Tim Carter, Regional President North Texas and advisory Director of Southside Bank.
Tony Morgan, Director
Timothy Alexander, Chief Lending Officer
Lindsey CPA, VP Officer
Melvin Lovelady, Independent Director
Lee Gibson, Senior Executive Vice President CFO
Arnold, Senior Executive Vice President and Chief Credit Officer of Southside Bank
III CPA, CEO Pres
Susan Hill, IR Contact Officer
Anthony Morgan, Independent Director
Herbert Buie, Independent Director
Joe III, Ex VP
Preston Smith, Independent Director
Hilliard Shands, Director
Brian McCabe, Executive VP and Secretary
Lindsey Bibby, IR Contact Officer
Richard Warner, Director
Mark Drennan, Regional President
Pierre Wet, Independent Director
Peter Boyd, Regional President of Central Texas and Advisory Director of Southside Bank
Suni CPA, Chief Officer
Earl Clawater, Executive Officer
JIM Alfred, Regional President
George Henderson, Director
Billie Hartley, Chairman Emeritus
Michael Bosworth, Director
Joe Norton, Independent Director
Sandi CPA, Senior Executive
Tim Alexander, Chief Lending Officer
John Garrett, Independent Director
John Sammons, Director
Shands, Director
Patricia Callan, Independent Director

Southside Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Southside Bancshares a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

When determining whether Southside Bancshares offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Southside Bancshares' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Southside Bancshares Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Southside Bancshares Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Southside Bancshares. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
For more detail on how to invest in Southside Stock please use our How to Invest in Southside Bancshares guide.
You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

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When running Southside Bancshares' price analysis, check to measure Southside Bancshares' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Southside Bancshares is operating at the current time. Most of Southside Bancshares' value examination focuses on studying past and present price action to predict the probability of Southside Bancshares' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Southside Bancshares' price. Additionally, you may evaluate how the addition of Southside Bancshares to your portfolios can decrease your overall portfolio volatility.
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Is Southside Bancshares' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Southside Bancshares. If investors know Southside will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Southside Bancshares listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.34)
Dividend Share
1.4
Earnings Share
2.82
Revenue Per Share
7.872
Quarterly Revenue Growth
(0.17)
The market value of Southside Bancshares is measured differently than its book value, which is the value of Southside that is recorded on the company's balance sheet. Investors also form their own opinion of Southside Bancshares' value that differs from its market value or its book value, called intrinsic value, which is Southside Bancshares' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Southside Bancshares' market value can be influenced by many factors that don't directly affect Southside Bancshares' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Southside Bancshares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Southside Bancshares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Southside Bancshares' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.