MS
Morgan Stanley
MS offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
SBSI
Southside Bancshares, Inc.
SBSI has a slight edge over MS overall, supported by stronger valuation and stronger fundamentals.
MS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
MS's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like MS.
SBSI Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| N/A | |
| N/A |
SBSI's revenue and profitability are currently strong. Free cash flow and net leverage aren't meaningful measures for financial services companies like SBSI.
MS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $134 | -29% |
| Fair | 14x | $178 | -5.7% |
| Forward | 14x | $189 | — |
| Current | 15x | $189 | — |
| Expensive | 18x | $223 | +18% |
Historical ranges are pointers, not guarantees.
MS's PE is in its fair range at 15x. If earnings grow as analysts expect, today's price would be 14x next year's earnings.
SBSI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.9x | $32.86 | -6% |
| Forward | 10x | $34.98 | — |
| Current | 11x | $34.98 | — |
| Fair | 12x | $39.16 | +12% |
| Expensive | 15x | $48.19 | +38% |
Historical ranges are pointers, not guarantees.
SBSI has the edge over MS in the historical PE scenario, which offers more potential upside but is not a forecast.
MS Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for MS, with profitability improving.
SBSI Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for SBSI, with profitability improving.
MS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $13.39 | +6.3% |
| Q3 2026 | $12.60 | +29% |
| Q2 2026 | $12.37 | +40% |
| Q1 2026 | $11.04 | +29% |
| Q4 2025 | $10.21 | +28% |
| Q3 2025 | $9.76 | +48% |
| Q2 2025 | $8.84 | +45% |
| Q1 2025 | $8.53 | +55% |
| Q4 2024 | $7.95 | +53% |
MS has the edge over SBSI on earnings, with more consistent year-over-year improvement.
SBSI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.51 | +6% |
| Q3 2026 | $3.31 | +44% |
| Q2 2026 | $2.54 | -9.9% |
| Q1 2026 | $2.36 | -19% |
| Q4 2025 | $2.29 | -21% |
| Q3 2025 | $2.30 | -17% |
| Q2 2025 | $2.82 | +4.4% |
| Q1 2025 | $2.91 | +7.8% |
| Q4 2024 | $2.91 | +3.2% |
SBSI earned $3.31 per share over the past year, up 44% from the year before.
MS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $20.3B | +12% |
| Q2 2026 | $21.3B | +27% |
| Q1 2026 | $20.6B | +16% |
| Q4 2025 | $17.9B | +10% |
| Q3 2025 | $18.2B | +18% |
| Q2 2025 | $16.8B | +12% |
| Q1 2025 | $17.7B | +17% |
| Q4 2024 | $16.2B | +26% |
MS has the edge over SBSI on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 32% | -1.2 points |
| Q2 2026 | 34% | +6.9 points |
| Q1 2026 | 34% | +2.8 points |
| Q4 2025 | 32% | +2 points |
| Q3 2025 | 33% | +5.6 points |
| Q2 2025 | 28% | +0.4 points |
| Q1 2025 | 31% | +2.2 points |
| Q4 2024 | 30% | +14 points |
MS's operating margin was 32% last quarter, down 1.2 points from the same quarter a year ago.
SBSI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $74M | +69% |
| Q2 2026 | $71.3M | +7.4% |
| Q1 2026 | $70.3M | +9.7% |
| Q4 2025 | $62.8M | -4.8% |
| Q3 2025 | $43.7M | -31% |
| Q2 2025 | $66.4M | +1.9% |
| Q1 2025 | $64.1M | +1.6% |
| Q4 2024 | $66M | +16% |
SBSI's revenue is growing: $74M last quarter, up 69% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 46% | +35 points |
| Q2 2026 | 46% | +5.7 points |
| Q1 2026 | 40% | -0.7 points |
| Q4 2025 | 39% | -0.7 points |
| Q3 2025 | 12% | -28 points |
| Q2 2025 | 40% | -5.9 points |
| Q1 2025 | 41% | -0.5 points |
| Q4 2024 | 40% | +5.8 points |
SBSI has the edge over MS on profitability, with a higher operating margin.
MS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$46B | -$42.7B |
| Q2 2026 | -$2.7B | -123% |
| Q1 2026 | -$7.1B | +$16.9B |
| Q4 2025 | -$2.4B | -120% |
| Q3 2025 | -$3.3B | +$14B |
| Q2 2025 | $11.8B | +368% |
| Q1 2025 | -$24B | -650% |
| Q4 2024 | $11.8B | +$29.6B |
MS's free cash flow was −$58.3B over the past year, against −$3.7B the year before. Free cash flow isn't a meaningful measure for financial services companies like MS.
SBSI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $65.4M | +75% |
| Q2 2026 | $27.5M | +$29.5M |
| Q1 2026 | $45M | +109% |
| Q4 2025 | $16.6M | -51% |
| Q3 2025 | $37.4M | +$51.5M |
| Q2 2025 | -$2M | -113% |
| Q1 2025 | $21.5M | -61% |
| Q4 2024 | $33.7M | +$92.2M |
SBSI has the edge over MS on cash generation, producing positive trailing cash flow while its opponent burns cash.
MS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -3M shares |
| 1 year | -1.5% | -24M shares |
| 3 years | -4.7% | -77M shares |
| 5 years | -14% | -246M shares |
| Available history | -4.5% | -74M shares |
MS has the edge over SBSI on shareholder dilution, with a more favorable share count trend.
SBSI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +28K shares |
| 1 year | -0.8% | -230K shares |
| 3 years | -2.1% | -638K shares |
| 5 years | -8.1% | -2.7M shares |
| Available history | -12% | -4M shares |
SBSI has 30M diluted shares, down 0.8% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q4 2025 | $10.6M |
| Q3 2025 | $1.5M |
| Q4 2024 | $5,000 |
| Q3 2024 | — |
| Q2 2024 | $1.5M |
| Q1 2024 | — |
| Q4 2023 | $4.7M |
MS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 7.8x | High |
| Q2 2026 | 7.3x | High |
| Q1 2026 | 8.2x | High |
| Q4 2025 | 8.6x | High |
| Q3 2025 | 8.4x | High |
| Q2 2025 | 8.7x | High |
| Q1 2025 | 8.7x | High |
| Q4 2024 | 7.9x | High |
MS's net debt is about 7.8 years of its operating earnings (EBITDA), down from 8.4 years a year ago. Net leverage isn't a meaningful measure for financial services companies like MS.
SBSI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.8x | Net Cash |
| Q2 2026 | -1.9x | Net Cash |
| Q1 2026 | -1.9x | Net Cash |
| Q4 2025 | -1.0x | Net Cash |
| Q3 2025 | -1.8x | Net Cash |
| Q2 2025 | -2.1x | Net Cash |
| Q1 2025 | -2.4x | Net Cash |
| Q4 2024 | -2.3x | Net Cash |
SBSI has the edge over MS on leverage, with a lower net debt burden relative to earnings.
MS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.0 | Neutral |
| Stochastic | 18.7 | Oversold |
MS's weekly RSI is 45 (neutral) and its Stochastic is 19 (oversold).
SBSI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.5 | Neutral |
| Stochastic | 77.9 | Neutral |
SBSI's weekly RSI is 62 (neutral) and its Stochastic is 78 (neutral).
MS PE vs Financial Services Sector
| Metric | MS | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 13x | 15% above |
| PE % | 59 | 63 | 4 pts below |
MS is trading at 15x earnings, a 15% premium to the Financial Services sector's median of 13x.
SBSI PE vs Financial Services Sector
| Metric | SBSI | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 19% below |
| PE % | 27 | 63 | 36 pts below |
SBSI has the edge over MS on valuation relative to its sector.
MS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $186.5 | 1.5% above |
| 20 week MA | $203.3 | 6.9% below |
| 50 week MA | $191.9 | 1.4% below |
| 100 week MA | $164.9 | 15% above |
| 200 week MA | $129.3 | 46% above |
MS's trend is mixed: it's above three of its five weekly moving averages, and 46% above its 200-week average.
SBSI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $32.1 | 8.8% above |
| 20 week MA | $32.7 | 7% above |
| 50 week MA | $32.5 | 7.8% above |
| 100 week MA | $31.0 | 13% above |
| 200 week MA | $30.9 | 13% above |
SBSI has the edge over MS on trend strength, trading above more of its moving averages.
MS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $51.1 | $68.1 | +33% |
| 2021 | $68.1 | $99.3 | +46% |
| 2022 | $99.3 | $86.1 | -13% |
| 2023 | $86.1 | $93.3 | +8.3% |
| 2024 | $93.3 | $126.8 | +36% |
| 2025 | $126.8 | $181.9 | +43% |
| 2026 YTD | $181.9 | $189.2 | +4% |
MS has finished higher in five of the last six years. It's up 4% so far in 2026.
SBSI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $37.1 | $31.3 | -15% |
| 2021 | $31.3 | $41.3 | +32% |
| 2022 | $41.3 | $35.5 | -14% |
| 2023 | $35.5 | $31.3 | -12% |
| 2024 | $31.3 | $31.8 | +1.6% |
| 2025 | $31.8 | $31.3 | -1.7% |
| 2026 YTD | $31.3 | $35.0 | +12% |
SBSI has the edge over MS on returns for 2026, with the stronger performance.