South Plains Financial (SPFI) Projected to Post Quarterly Earnings on Thursday

South Plains Financial (NASDAQ:SPFI - Get Free Report) is projected to announce its Q2 2025 earnings results before the market opens on Thursday, July 17th. Analysts expect the company to announce earnings of $0.79 per share and revenue of $52.24 million for the quarter.

South Plains Financial (NASDAQ:SPFI - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.65 by $0.07. The firm had revenue of $49.15 million during the quarter, compared to the consensus estimate of $48.93 million. South Plains Financial had a return on equity of 11.73% and a net margin of 17.67%. During the same period last year, the company earned $0.64 earnings per share. On average, analysts expect South Plains Financial to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

South Plains Financial Trading Down 0.2%

Shares of SPFI stock opened at $37.13 on Thursday. The stock has a market cap of $602.62 million, a price-to-earnings ratio of 12.38 and a beta of 0.68. The stock has a 50-day moving average of $35.72 and a 200-day moving average of $34.57. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.25. South Plains Financial has a 1-year low of $27.47 and a 1-year high of $40.91.

South Plains Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Monday, April 28th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, April 28th. This represents a $0.60 annualized dividend and a yield of 1.62%. South Plains Financial's dividend payout ratio is currently 20.00%.

Hedge Funds Weigh In On South Plains Financial

Several hedge funds have recently made changes to their positions in SPFI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in South Plains Financial by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,066 shares of the company's stock worth $234,000 after buying an additional 312 shares in the last quarter. Empowered Funds LLC grew its position in South Plains Financial by 0.4% during the first quarter. Empowered Funds LLC now owns 89,245 shares of the company's stock worth $2,956,000 after buying an additional 398 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in South Plains Financial during the first quarter worth about $315,000. 54.95% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Raymond James Financial cut their price target on South Plains Financial from $39.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday, April 25th.

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.

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