SBSI - Southside Bancshares: A Growing Regional Bank Yielding Over 3.5%
Thesis
Many investors including I have shied away from investment and retail banks since the Great Recession. The value destruction of some retail banks that had too lenient lending practices or took too much risk with mortgage loans and derivatives was significant. Today, many banks have much stricter lending requirements and are well-capitalized. One bank that I find interesting is Southside Bancshares, Inc. (SBSI), a small regional bank with operations in Texas.
The stock is currently yielding over 3.5% and pays an annual special dividend. Southside Bancshares recently performed well in my ranking