South Plains Financial (SPFI) to Release Quarterly Earnings on Thursday

South Plains Financial (NASDAQ:SPFI) will issue its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.58 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

South Plains Financial (NASDAQ:SPFI) last announced its quarterly earnings results on Friday, January 26th. The company reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.04). South Plains Financial had a net margin of 21.54% and a return on equity of 11.06%. The company had revenue of $66.38 million during the quarter, compared to analysts’ expectations of $47.25 million. During the same period last year, the firm earned $0.71 earnings per share. On average, analysts expect South Plains Financial to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

South Plains Financial Price Performance

Shares of SPFI opened at $25.31 on Thursday. The firm has a fifty day moving average price of $25.85 and a 200 day moving average price of $26.87. South Plains Financial has a 1-year low of $18.75 and a 1-year high of $30.22. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.90. The stock has a market cap of $415.84 million, a PE ratio of 6.97 and a beta of 0.56.

Analysts Set New Price Targets

Separately, Raymond James raised their price objective on shares of South Plains Financial from $28.00 to $31.00 and gave the company an “outperform” rating in a research report on Monday, January 29th.

Insider Buying and Selling at South Plains Financial

In other South Plains Financial news, Director Noe G. Valles bought 30,000 shares of South Plains Financial stock in a transaction that occurred on Tuesday, February 6th. The shares were acquired at an average price of $27.00 per share, for a total transaction of $810,000.00. Following the acquisition, the director now owns 195,512 shares of the company’s stock, valued at approximately $5,278,824. The acquisition was disclosed in a filing with the SEC, which is available at this link. In related news, Director Noe G. Valles bought 30,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was bought at an average price of $27.00 per share, with a total value of $810,000.00. Following the transaction, the director now owns 195,512 shares of the company’s stock, valued at $5,278,824. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Curtis C. Griffith sold 100,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $24.75, for a total transaction of $2,475,000.00. Following the sale, the chief executive officer now directly owns 1,103,797 shares of the company’s stock, valued at approximately $27,318,975.75. The disclosure for this sale can be found here. 26.75% of the stock is owned by company insiders.

Institutional Trading of South Plains Financial

A number of institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its stake in South Plains Financial by 193.5% during the third quarter. Tower Research Capital LLC TRC now owns 1,259 shares of the company’s stock valued at $33,000 after purchasing an additional 830 shares during the last quarter. FMR LLC increased its stake in South Plains Financial by 60.7% in the 1st quarter. FMR LLC now owns 1,530 shares of the company’s stock valued at $33,000 after buying an additional 578 shares during the period. Lazard Asset Management LLC acquired a new position in South Plains Financial in the 3rd quarter valued at approximately $56,000. Citigroup Inc. increased its stake in South Plains Financial by 676.4% in the 1st quarter. Citigroup Inc. now owns 2,702 shares of the company’s stock valued at $58,000 after buying an additional 2,354 shares during the period. Finally, UBS Group AG bought a new stake in South Plains Financial in the fourth quarter worth approximately $101,000. 54.95% of the stock is owned by institutional investors and hedge funds.

About South Plains Financial

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.