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3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
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
26,635 shs
Market Capitalization
$427.18 million
P/E Ratio
7.16
Dividend Yield
2.00%
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
0.73mentions of South Plains Financial in the last 14 days
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.

4.38 out of 5 stars

Finance Sector

216th out of 845 stocks

State Commercial Banks Industry

46th out of 175 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

3 Sub-$10 Stocks to Buy for 2024
Often, investors will overlook stocks just because they're cheap. It's a common thought that a cheap price tag means that something must be wrong with the company. But this couldn't be further from the case in many instances.
3 Sub-$10 Stocks to Buy for 2024
Often, investors will overlook stocks just because they're cheap. It's a common thought that a cheap price tag means that something must be wrong with the company. But this couldn't be further from the case in many instances.
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
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
4/19/2024
Next Earnings (Confirmed)
4/25/2024
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
$2.42 per share
Book Value
$24.70 per share

Miscellaneous

Free Float
12,183,000
Market Cap
$427.02 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 Wall Street research analysts have issued 12 month 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 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 on January 1st, 2024. Since then, SPFI shares have 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 decline in short interest during the month of March. As of March 31st, there was short interest totaling 52,100 shares, a decline of 21.8% from the March 15th total of 66,600 shares. Based on an average daily volume of 26,300 shares, the short-interest ratio is currently 2.0 days. Approximately 0.4% of the shares of the stock 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) 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 business had revenue of $66.38 million for the quarter, compared to analyst estimates 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 period last 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 declared a quarterly dividend on Thursday, January 18th. Investors of record on Monday, January 29th will be paid a dividend of $0.13 per share on Monday, February 12th. This represents a $0.52 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend 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 2.05%. 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 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 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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