Southside Bancshares Inc (SBSI)
Southside Bancshares, Inc. is the banking holding company for Southside Bank providing a range of financial services to individuals, businesses, municipal entities, and non-profit organizations. The company is headquartered in Tyler, Texas.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 13.84% per annum.
- SBSI price at the close of July 26, 2024 was $34.02 and was higher than the top border of the primary price channel by $4.58 (15.56%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 3.55% per annum.
- SBSI price at the close of July 26, 2024 was higher than the top border of the secondary price channel by $1.42 (4.36%).
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of SBSI price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: October 26, 2021
End date: July 10, 2024
a = 3.9918
b = -0.0004
s = 0.0675
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0004) – 1
= -13.84%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0675) – 1
= 30.98%
October 26, 2021 calculations
Top border of price channel:
Exp(Y567)
= Exp(a + b × X567 + 2 × s)
= Exp(a + b × 820 + 2 × s)
= Exp(3.9918 + -0.0004 × 820 + 2 × 0.0675)
= Exp(3.7921)
= $44.35
Bottom border of price channel:
Exp(Y567)
= Exp(a + b × X567 – 2 × s)
= Exp(a + b × 820 – 2 × s)
= Exp(3.9918 + -0.0004 × 820 – 2 × 0.0675)
= Exp(3.5222)
= $33.86
July 10, 2024 calculations
Top border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 + 2 × s)
= Exp(a + b × 1,808 + 2 × s)
= Exp(3.9918 + -0.0004 × 1,808 + 2 × 0.0675)
= Exp(3.3888)
= $29.63
Bottom border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 – 2 × s)
= Exp(a + b × 1,808 – 2 × s)
= Exp(3.9918 + -0.0004 × 1,808 – 2 × 0.0675)
= Exp(3.1189)
= $22.62
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 13.84% per annum.
- SBSI price at the close of July 26, 2024 was $34.02 and was higher than the top border of the primary price channel by $4.58 (15.56%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: May 2, 2023
End date: July 26, 2024
a = 3.1766
b = 0.0001
s = 0.0667
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0001) – 1
= 3.55%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0667) – 1
= 30.59%
May 2, 2023 calculations
Top border of price channel:
Exp(Y947)
= Exp(a + b × X947 + 2 × s)
= Exp(a + b × 1,373 + 2 × s)
= Exp(3.1766 + 0.0001 × 1,373 + 2 × 0.0667)
= Exp(3.4412)
= $31.22
Bottom border of price channel:
Exp(Y947)
= Exp(a + b × X947 – 2 × s)
= Exp(a + b × 1,373 – 2 × s)
= Exp(3.1766 + 0.0001 × 1,373 – 2 × 0.0667)
= Exp(3.1743)
= $23.91
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(3.1766 + 0.0001 × 1,824 + 2 × 0.0667)
= Exp(3.4843)
= $32.60
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(3.1766 + 0.0001 × 1,824 – 2 × 0.0667)
= Exp(3.2174)
= $24.96
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 3.55% per annum.
- SBSI price at the close of July 26, 2024 was higher than the top border of the secondary price channel by $1.42 (4.36%).