Should I buy or sell South Plains Financial stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for South Plains Financial in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SPFI shares. View SPFI analyst ratings or view top-rated stocks .

What is South Plains Financial's stock price target for 2024?

2 equities research analysts have issued 1-year price targets for South Plains Financial's shares. Their SPFI share price targets range from $28.00 to $31.00. On average, they expect the company's stock price to reach $29.67 in the next year. This suggests a possible upside of 16.7% from the stock's current price. View analysts price targets for SPFI or view top-rated stocks among Wall Street analysts .

How have SPFI shares performed in 2024?

South Plains Financial's stock was trading at $28.96 at the beginning of 2024. Since then, SPFI stock has decreased by 12.2% and is now trading at $25.43. View the best growth stocks for 2024 here .

Are investors shorting South Plains Financial?

South Plains Financial saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 52,100 shares, a decrease of 21.8% from the March 15th total of 66,600 shares. Based on an average daily volume of 26,300 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.4% of the shares of the company are sold short. View South Plains Financial's Short Interest .

When is South Plains Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024. View our SPFI earnings forecast .

How can I listen to South Plains Financial's earnings call?

South Plains Financial will be holding an earnings conference call on Thursday, April 25th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13745782".

How were South Plains Financial's earnings last quarter?

South Plains Financial, Inc. (NASDAQ:SPFI) posted its quarterly earnings results on Friday, January, 26th. The company reported $0.61 EPS for the quarter, missing the consensus estimate of $0.65 by $0.04. The firm earned $66.38 million during the quarter, compared to the consensus estimate of $47.25 million. South Plains Financial had a trailing twelve-month return on equity of 11.06% and a net margin of 21.54%. During the same quarter in the previous year, the business earned $0.71 earnings per share.

How often does South Plains Financial pay dividends? What is the dividend yield for South Plains Financial?

South Plains Financial announced a quarterly dividend on Thursday, January 18th. Shareholders of record on Monday, January 29th will be given a dividend of $0.13 per share on Monday, February 12th. This represents a $0.52 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Friday, January 26th. Read our dividend analysis for SPFI .

Is South Plains Financial a good dividend stock?

South Plains Financial (NASDAQ:SPFI) pays an annual dividend of $0.52 per share and currently has a dividend yield of 2.06%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 14.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SPFI will have a dividend payout ratio of 20.23% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SPFI .

What is Cory Newsom's approval rating as South Plains Financial's CEO?

15 employees have rated South Plains Financial Chief Executive Officer Cory Newsom on Glassdoor.com . Cory Newsom has an approval rating of 76% among the company's employees.

What other stocks do shareholders of South Plains Financial own?

Based on aggregate information from My MarketBeat watchlists, some companies that other South Plains Financial investors own include Main Street Capital (MAIN) , Boeing (BA) , General Motors (GM) , NVIDIA (NVDA) , Overstock.com (OSTK) , Pure Storage (PSTG) , Riot Platforms (RIOT) , CalAmp (CAMP) , Delphi Technologies (DLPH) and DocuSign (DOCU) .

When did South Plains Financial IPO?

South Plains Financial (SPFI) raised $63 million in an initial public offering (IPO) on Thursday, May 9th 2019. The company issued 3,400,000 shares at a price of $17.50-$19.50 per share. Keefe, Bruyette & Woods (A Stifel Company) and Sandler O’Neill + Partners acted as the underwriters for the IPO.

How do I buy shares of South Plains Financial?

Shares of SPFI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:SPFI

South Plains Financial (SPFI) Stock Price, News & Analysis

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Free SPFI Stock Alerts

$25.43

+0.12 (+0.47%)

(As of 04/18/2024 ET)

Compare

Today's Range: $25.30
▼
$25.53
50-Day Range: $24.52
▼
$27.10
52-Week Range: $18.75
▼
$30.22

Volume: 20,621 shs
Average Volume: 26,663 shs
Market Capitalization: $417.81 million

P/E Ratio: 7.01
Dividend Yield: 2.04%
Price Target: $29.67

Get South Plains Financial alerts:

South Plains Financial MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 16.7% Upside
$29.67 Price Target
Short Interest: Healthy
0.44% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.97
Based on 4 Articles This Week
Insider Trading: Selling Shares
$3.73 M Sold Last Quarter
Proj. Earnings Growth: 7.08%
From $2.40 to $2.57 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.37 out of 5 stars

Finance Sector

207th out of 822 stocks

State Commercial Banks Industry

51st out of 172 stocks

2.5

Analyst's Opinion

Consensus Rating
South Plains Financial has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
South Plains Financial has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.44% of the float of South Plains Financial has been sold short.
Short Interest Ratio / Days to Cover
South Plains Financial has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in South Plains Financial has recently decreased by 21.77%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
South Plains Financial pays a meaningful dividend of 2.06%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
South Plains Financial has only been increasing its dividend for 4 years.
Dividend Coverage
The dividend payout ratio of South Plains Financial is 14.33%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, South Plains Financial will have a dividend payout ratio of 20.23% next year. This indicates that South Plains Financial will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SPFI.

3.3

News and Social Media Coverage

News Sentiment
South Plains Financial has a news sentiment score of 0.97. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for South Plains Financial this week, compared to 1 article on an average week.
Search Interest
1 people have searched for SPFI on MarketBeat in the last 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, South Plains Financial insiders have sold 359.88% more of their company's stock than they have bought. Specifically, they have bought $810,000.00 in company stock and sold $3,725,000.00 in company stock.
Percentage Held by Insiders
25.86% of the stock of South Plains Financial is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
54.95% of the stock of South Plains Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for South Plains Financial are expected to grow by 7.08% in the coming year, from $2.40 to $2.57 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of South Plains Financial is 7.01, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.53.
Price to Earnings Ratio vs. Sector
The P/E ratio of South Plains Financial is 7.01, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 59.13.
Price to Book Value per Share Ratio
South Plains Financial has a P/B Ratio of 1.03. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About South Plains Financial Stock (NASDAQ:SPFI)

South Plains Financial, Inc. operates as a bank holding company for City Bank that provides commercial and consumer financial services to small and medium-sized businesses and individuals. The company operates through two segments, Banking and Insurance. It offers deposit products, including demand deposit accounts, interest-bearing products, savings accounts, and certificate of deposits. The company also provides commercial real estate loans; general and specialized commercial loans, including agricultural production and real estate, energy, finance, investment, and insurance loans, as well as loans to goods, services, restaurant and retail, construction, and other industries; residential construction loans; and 1-4 family residential loans, auto loans, and other loans for recreational vehicles or other purposes. In addition, it offers crop insurance products; trust products and services; investment services; mortgage banking services; online and mobile banking services; and debit and credit cards. The company was founded in 1941 and is headquartered in Lubbock, Texas.

SPFI Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SPFI Stock News Headlines

April 18, 2024 | globenewswire.com

South Plains Financial, Inc. Announces 8% Increase to Quarterly Cash Dividend

April 18, 2024 | americanbankingnews.com

South Plains Financial (SPFI) Scheduled to Post Earnings on Thursday

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April 15, 2024 | americanbankingnews.com

South Plains Financial, Inc. (NASDAQ:SPFI) Short Interest Down 21.8% in March

April 11, 2024 | globenewswire.com

South Plains Financial, Inc. Announces First Quarter 2024 Earnings Call

March 13, 2024 | globenewswire.com

South Plains Financial, Inc. Publishes 2023 Community Impact Report

March 2, 2024 | finance.yahoo.com

South Plains Financial Independent Director Acquires 26% More Stock

February 26, 2024 | globenewswire.com

South Plains Financial, Inc. Announces Stock Repurchase Program

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South Plains Financial Stock (NASDAQ:SPFI) Earnings Dates and Earning Calls

February 12, 2024 | benzinga.com

Empowering Shareholders with Growth: South Plains Financial Enhances Performance and Reports Rising Profits

February 6, 2024 | ca.finance.yahoo.com

SPFI Feb 2024 40.000 call

January 27, 2024 | finance.yahoo.com

Q4 2023 South Plains Financial Inc Earnings Call

January 27, 2024 | finance.yahoo.com

South Plains Financial Full Year 2023 Earnings: Revenues Beat Expectations, EPS In Line

January 27, 2024 | finance.yahoo.com

South Plains Financial, Inc. (NASDAQ:SPFI) Q4 2023 Earnings Call Transcript

January 26, 2024 | finance.yahoo.com

South Plains Financial, Inc. Reports Fourth Quarter and Year-End 2023 Financial Results

January 26, 2024 | finance.yahoo.com

South Plains Financial Inc. Reports Mixed Results Amid Economic Challenges

January 26, 2024 | finance.yahoo.com

Compared to Estimates, South Plains Financial (SPFI) Q4 Earnings: A Look at Key Metrics

January 25, 2024 | benzinga.com

A Preview Of South Plains Financial's Earnings

January 23, 2024 | finance.yahoo.com

Countdown to South Plains Financial (SPFI) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS

January 23, 2024 | benzinga.com

South Plains Financial: Dividend Insights

January 22, 2024 | finance.yahoo.com

South Plains Financial (NASDAQ:SPFI) Will Pay A Dividend Of $0.13

January 16, 2024 | finance.yahoo.com

South Plains Financial, Inc. Announces Fourth Quarter and Full Year 2023 Earnings Call

January 3, 2024 | finance.yahoo.com

With EPS Growth And More, South Plains Financial (NASDAQ:SPFI) Makes An Interesting Case

December 14, 2023 | finance.yahoo.com

Strength Seen in Cadence (CADE): Can Its 6.0% Jump Turn into More Strength?

November 28, 2023 | finance.yahoo.com

What Makes South Plains Financial (SPFI) a New Buy Stock

October 27, 2023 | finance.yahoo.com

South Plains Financial Inc's Dividend Analysis

See More Headlines

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Company Calendar

Last Earnings: 1/26/2024
Ex-Dividend for 2/12 Dividend: 1/26/2024
Dividend Payable: 2/12/2024
Today: 4/18/2024
Next Earnings (Confirmed): 4/25/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: State commercial banks
Sub-Industry: N/A
Current Symbol: NASDAQ:SPFI
CUSIP: N/A
CIK: 1163668
Web: www.spfi.bank
Phone: (806) 792-7101
Fax: N/A
Employees: 547
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $29.67
High Stock Price Target: $31.00
Low Stock Price Target: $28.00
Potential Upside/Downside: +16.7%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.63
Trailing P/E Ratio: 7.01
Forward P/E Ratio: 10.60
P/E Growth: N/A
Net Income: $62.74 million
Net Margins: 21.54%
Pretax Margin: 27.27%
Return on Equity: 11.06%
Return on Assets: 1.03%

Debt

Debt-to-Equity Ratio: 0.27
Current Ratio: 0.91
Quick Ratio: 0.90

Sales & Book Value

Annual Sales: $291.26 million
Price / Sales: 1.43
Cash Flow: $2.37 per share
Price / Cash Flow: 10.72
Book Value: $24.70 per share
Price / Book: 1.03

Miscellaneous

Outstanding Shares: 16,430,000
Free Float: 12,183,000
Market Cap: $417.81 million
Optionable: Optionable
Beta: 0.56

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Key Executives

Mr. Curtis C. Griffith (Age 71)
Chairman & CEO
Comp: $911.84k
Mr. Cory T. Newsom (Age 56)
President & Director
Comp: $1.43M
Mr. Steven B. Crockett (Age 51)
CFO & Treasurer
Comp: $573.47k
Ms. Mikella D. Newsom (Age 49)
Chief Risk Officer & Secretary
Mr. Kelly L. Deterding (Age 65)
President of Windmark Insurance & Senior VP of Insurance Development of City Bank
Comp: $642.35k

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SPFI Stock Analysis - Frequently Asked Questions

Should I buy or sell South Plains Financial stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for South Plains Financial in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SPFI shares.
View SPFI analyst ratings or view top-rated stocks.
What is South Plains Financial's stock price target for 2024?: 2 equities research analysts have issued 1-year price targets for South Plains Financial's shares. Their SPFI share price targets range from $28.00 to $31.00. On average, they expect the company's stock price to reach $29.67 in the next year. This suggests a possible upside of 16.7% from the stock's current price.
View analysts price targets for SPFI or view top-rated stocks among Wall Street analysts.
How have SPFI shares performed in 2024?: South Plains Financial's stock was trading at $28.96 at the beginning of 2024. Since then, SPFI stock has decreased by 12.2% and is now trading at $25.43.
View the best growth stocks for 2024 here.
Are investors shorting South Plains Financial?: South Plains Financial saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 52,100 shares, a decrease of 21.8% from the March 15th total of 66,600 shares. Based on an average daily volume of 26,300 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.4% of the shares of the company are sold short.
View South Plains Financial's Short Interest.
When is South Plains Financial's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our SPFI earnings forecast.
How can I listen to South Plains Financial's earnings call?: South Plains Financial will be holding an earnings conference call on Thursday, April 25th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13745782".
How were South Plains Financial's earnings last quarter?: South Plains Financial, Inc. (NASDAQ:SPFI) posted its quarterly earnings results on Friday, January, 26th. The company reported $0.61 EPS for the quarter, missing the consensus estimate of $0.65 by $0.04. The firm earned $66.38 million during the quarter, compared to the consensus estimate of $47.25 million. South Plains Financial had a trailing twelve-month return on equity of 11.06% and a net margin of 21.54%. During the same quarter in the previous year, the business earned $0.71 earnings per share.

How often does South Plains Financial pay dividends? What is the dividend yield for South Plains Financial?: South Plains Financial announced a quarterly dividend on Thursday, January 18th. Shareholders of record on Monday, January 29th will be given a dividend of $0.13 per share on Monday, February 12th. This represents a $0.52 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Friday, January 26th.
Read our dividend analysis for SPFI.
Is South Plains Financial a good dividend stock?: South Plains Financial (NASDAQ:SPFI) pays an annual dividend of $0.52 per share and currently has a dividend yield of 2.06%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 14.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SPFI will have a dividend payout ratio of 20.23% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SPFI.
What is Cory Newsom's approval rating as South Plains Financial's CEO?: 15 employees have rated South Plains Financial Chief Executive Officer Cory Newsom on Glassdoor.com. Cory Newsom has an approval rating of 76% among the company's employees.
What other stocks do shareholders of South Plains Financial own?: Based on aggregate information from My MarketBeat watchlists, some companies that other South Plains Financial investors own include Main Street Capital (MAIN), Boeing (BA), General Motors (GM), NVIDIA (NVDA), Overstock.com (OSTK), Pure Storage (PSTG), Riot Platforms (RIOT), CalAmp (CAMP), Delphi Technologies (DLPH) and DocuSign (DOCU).
When did South Plains Financial IPO?: South Plains Financial (SPFI) raised $63 million in an initial public offering (IPO) on Thursday, May 9th 2019. The company issued 3,400,000 shares at a price of $17.50-$19.50 per share. Keefe, Bruyette & Woods (A Stifel Company) and Sandler O’Neill + Partners acted as the underwriters for the IPO.
How do I buy shares of South Plains Financial?: Shares of SPFI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SPFI) was last updated on 4/19/2024 by MarketBeat.com Staff

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South Plains Financial (SPFI) Stock Price, News & Analysis

South Plains Financial MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About South Plains Financial Stock (NASDAQ:SPFI)

SPFI Stock Price History

SPFI Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

SPFI Stock Analysis - Frequently Asked Questions

Overall MarketRank^™