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

Company Overview

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.

Key Stats

• Today's Range: $35.59 to $39.18
• 50-Day Range: $34.97 to $41.68
• 52-Week Range: $30.01 to $42.38
• Volume: 8,334 shs
• Average Volume: 40,661 shs
• Market Capitalization: $593.69 million
• P/E Ratio: 11.43
• Dividend Yield: 1.75%
• Price Target: $44.67
• Consensus Rating: Buy

South Plains Financial Stock Analysis - MarketRank™

South Plains Financial scored higher than 88% of companies evaluated by MarketBeat, and ranked 219th out of 922 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

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 3 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.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 15.09%

Earnings Growth

Earnings for South Plains Financial are expected to grow by 15.09% in the coming year, from $2.85 to $3.28 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of South Plains Financial is 11.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 27.85.

Price to Earnings Ratio vs. Sector

The P/E ratio of South Plains Financial is 11.43, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.93.

Price to Book Value per Share Ratio

South Plains Financial has a P/B Ratio of 1.31. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.76% 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 2.1, 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 6.32%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Yield

South Plains Financial pays a meaningful dividend of 1.74%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

South Plains Financial has been increasing its dividend for 5 years.

Dividend Coverage

The dividend payout ratio of South Plains Financial is 20.00%. 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 19.51% next year. This indicates that South Plains Financial will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.76% 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 2.1, 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 6.32%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.51

News Sentiment

South Plains Financial has a news sentiment score of 0.51. 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 lower news sentiment than the 0.75 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for South Plains Financial this week, compared to 2 articles on an average week.

MarketBeat Follows

1 people have added South Plains Financial to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, South Plains Financial insiders have not sold or bought any company stock.

Percentage Held by Insiders

24.58% 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.

SPFI Stock Analysis - Frequently Asked Questions

How have SPFI shares performed this year?

South Plains Financial's stock was trading at $34.75 at the beginning of 2025. Since then, SPFI shares have increased by 5.3% and is now trading at $36.58.

How were South Plains Financial's earnings last quarter?

South Plains Financial, Inc. (NASDAQ:SPFI) announced its earnings results on Wednesday, July, 16th. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.09. The firm had revenue of $54.67 million for the quarter, compared to the consensus estimate of $52.24 million. South Plains Financial had a net margin of 18.59% and a trailing twelve-month return on equity of 12.27%.
Read the conference call transcript.

How will South Plains Financial's stock buyback program work?

South Plains Financial's board approved a share buyback plan on Tuesday, February 25th 2025, which authorizes the company to repurchase $15,000,000 in shares, according to EventVestor. This means that the company could repurchase up to 2.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.

When did South Plains Financial IPO?

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

Who are South Plains Financial's major shareholders?

Top institutional shareholders of South Plains Financial include Acadian Asset Management LLC (1.91%), Geode Capital Management LLC (1.80%), Polaris Capital Management LLC (0.83%) and Rosenthal Henry Capital Advisors Inc. (0.49%). Insiders that own company stock include Richard D Campbell, Curtis C Griffith, Noe G Valles, Noe G Valles and Cory T Newsom.
View institutional ownership trends.

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.

What other stocks do shareholders of South Plains Financial own?

Based on aggregate information from My MarketBeat watchlists, some other companies that South Plains Financial investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Netflix (NFLX), Tesla (TSLA), Broadcom (AVGO) and JPMorgan Chase & Co. (JPM).

Company Calendar

• Record date for 5/12 Dividend: 4/28/2025
• Ex-Dividend for 5/12 Dividend: 4/28/2025
• Dividend Payable: 5/12/2025
• Last Earnings: 7/16/2025
• Record date for 8/11 Dividend: 7/28/2025
• Ex-Dividend for 8/11 Dividend: 7/28/2025
• Today: 8/08/2025
• Dividend Payable: 8/11/2025
• Next Earnings (Estimated): 10/22/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: BANKS - SOUTHEAST
• Sub-Industry: Banking
• Current Symbol: NASDAQ:SPFI
• CIK: 1163668
• Web: www.spfi.bank
• Phone: (806) 792-7101
• Fax: N/A
• Employees: 680
• Year Founded: N/A

Price Target and Rating

• Average Price Target for South Plains Financial: $44.67
• High Price Target: $47.00
• Low Price Target: $42.00
• Potential Upside/Downside: +22.1%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): $3.20
• Trailing P/E Ratio: 11.43
• Forward P/E Ratio: 12.84
• P/E Growth: N/A
• Net Income: $49.72 million
• Net Margins: 18.59%
• Pretax Margin: 23.61%
• Return on Equity: 12.27%
• Return on Assets: 1.26%

Debt

• Debt-to-Equity Ratio: 0.24
• Current Ratio: 0.94
• Quick Ratio: 0.93

Sales & Book Value

• Annual Sales: $288.97 million
• Price / Sales: 2.05
• Cash Flow: $3.58 per share
• Price / Cash Flow: 10.22
• Book Value: $27.98 per share
• Price / Book: 1.31

Miscellaneous

• Outstanding Shares: 16,230,000
• Free Float: 12,239,000
• Market Cap: $593.69 million
• Optionable: Optionable
• Beta: 0.72