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Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
A coffee roastery in Finland has launched an AI-generated blend. The results were surprising
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
New York lawmakers pass $237 billion budget with policies to jump-start housing market
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
A coffee roastery in Finland has launched an AI-generated blend. The results were surprising
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
New York lawmakers pass $237 billion budget with policies to jump-start housing market
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
A coffee roastery in Finland has launched an AI-generated blend. The results were surprising
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
New York lawmakers pass $237 billion budget with policies to jump-start housing market
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
A coffee roastery in Finland has launched an AI-generated blend. The results were surprising
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
New York lawmakers pass $237 billion budget with policies to jump-start housing market
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
NASDAQ:SPFI

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

$26.00
+0.57 (+2.24%)
(As of 04/19/2024 ET)
Today's Range
$25.36
$26.06
50-Day Range
$24.52
$27.10
52-Week Range
$18.75
$30.22
Volume
24,533 shs
Average Volume
25,204 shs
Market Capitalization
$427.26 million
P/E Ratio
7.16
Dividend Yield
2.15%
Price Target
$29.67

South Plains Financial MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
14.1% 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
0.72mentions of South Plains Financial in the last 14 days
Based on 7 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.

4.39 out of 5 stars

Finance Sector

212th out of 857 stocks

State Commercial Banks Industry

46th out of 182 stocks

SPFI stock logo

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

SPFI Stock News Headlines

South Plains Financial increases dividend by 8%
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
SPFI Feb 2024 40.000 call
Q4 2023 South Plains Financial Inc Earnings Call
A Preview Of South Plains Financial's Earnings
South Plains Financial: Dividend Insights
What Makes South Plains Financial (SPFI) a New Buy Stock
See More Headlines
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Company Calendar

Last Earnings
1/26/2024
Today
4/21/2024
Next Earnings (Confirmed)
4/25/2024
Ex-Dividend for 5/13 Dividend
4/26/2024
Ex-Dividend for 5/13 Dividend
4/26/2024
Dividend Payable
5/13/2024
Dividend Payable
5/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
N/A
Current Symbol
NASDAQ:SPFI
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
+14.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$62.74 million
Pretax Margin
27.27%

Debt

Sales & Book Value

Annual Sales
$291.26 million
Cash Flow
$2.41 per share
Book Value
$24.70 per share

Miscellaneous

Free Float
12,183,000
Market Cap
$427.18 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

SPFI Stock Analysis - Frequently Asked Questions

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

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for South Plains Financial in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street 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 12 month price objectives for South Plains Financial's stock. Their SPFI share price targets range from $28.00 to $31.00. On average, they predict the company's share price to reach $29.67 in the next twelve months. This suggests a possible upside of 14.1% 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 start of the year. Since then, SPFI stock has decreased by 10.2% and is now trading at $26.00.
View the best growth stocks for 2024 here
.

Are investors shorting South Plains Financial?

South Plains Financial saw a decrease in short interest in 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 trading volume, of 26,300 shares, the short-interest ratio is presently 2.0 days. Approximately 0.4% of the company's shares are short sold.
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) issued 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 business earned $66.38 million during the quarter, compared to analysts' expectations of $47.25 million. South Plains Financial had a net margin of 21.54% and a trailing twelve-month return on equity of 11.06%. During the same quarter in the prior year, the firm 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 declared a quarterly dividend on Thursday, April 18th. Stockholders of record on Monday, April 29th will be paid a dividend of $0.14 per share on Monday, May 13th. This represents a $0.56 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Friday, April 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 $0.56 per share and currently has a dividend yield of 2.05%. 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 15.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SPFI will have a dividend payout ratio of 21.79% 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 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.

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 4/21/2024 by MarketBeat.com Staff

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