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

Company Overview

South Plains Financial, Inc. is a bank holding company headquartered in Lubbock, Texas, serving the Texas Panhandle and West Texas regions. Through its primary subsidiary, South Plains Bank and Trust, the company offers a full suite of commercial and consumer banking services. These include deposit and lending solutions, mortgage financing, treasury management, and wealth planning, all tailored to support the diverse financial needs of individuals, families, and businesses across rural and urban markets.

Founded in 1971, South Plains Bank and Trust has grown from a single community bank into a regional financial institution with multiple branch locations spanning 17 counties. The company’s history is marked by a commitment to local decision-making and customer-focused service. By maintaining strong relationships with community stakeholders, South Plains Financial has developed expertise in agricultural lending, energy-sector financing, and small- to middle-market commercial credit, helping fuel economic growth throughout its service area.

In addition to traditional banking products, South Plains Financial provides specialized services such as online and mobile banking, merchant services, and trust and investment management. These offerings are delivered through a combination of branch network, digital platforms, and dedicated relationship managers. The company has invested in technology enhancements to streamline transactions and improve customer experience, ensuring clients have access to timely financial information and efficient payment processing capabilities.

Under the leadership of President and Chief Executive Officer Russell E. Nelson and a board of directors with deep roots in West Texas communities, South Plains Financial emphasizes prudent risk management and community engagement. The company supports local nonprofit organizations, educational initiatives, and economic development programs. This community-centric approach reinforces its mission of delivering personalized financial solutions while contributing to the long-term vitality of the regions it serves.

Key Stats

• Today's Range: $37.14 to $37.46
• 50-Day Range: $33.69 to $37.94
• 52-Week Range: $26.46 to $40.91
• Volume: 2,570 shs
• Average Volume: 38,269 shs
• Market Capitalization: $611.14 million
• P/E Ratio: 12.55
• Dividend Yield: 1.59%
• Price Target: $41.50
• Consensus Rating: Buy

South Plains Financial Stock Analysis - MarketRank™

South Plains Financial scored higher than 83% of companies evaluated by MarketBeat, and ranked 383rd out of 901 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 4 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 12.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 25.87.

Price to Earnings Ratio vs. Sector

The P/E ratio of South Plains Financial is 12.33, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.95.

Price to Book Value per Share Ratio

South Plains Financial has a P/B Ratio of 1.38. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.83% 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 2.8, 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 increased by 10.87%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Yield

South Plains Financial pays a meaningful dividend of 1.58%, 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 18.29% 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

0.83% 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 2.8, 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 increased by 10.87%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: N/A

News Sentiment

South Plains Financial has a news sentiment score of 1.08. 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 higher news sentiment than the 0.74 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 1 news article for South Plains Financial this week, compared to 2 articles on an average week.

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

25.39% 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 start of the year. Since then, SPFI shares have increased by 6.4% and is now trading at $36.99.

How were South Plains Financial's earnings last quarter?

South Plains Financial, Inc. (NASDAQ:SPFI) issued 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 company had revenue of $49.15 million for the quarter, compared to analysts' expectations of $48.93 million. South Plains Financial had a trailing twelve-month return on equity of 11.73% and a net margin of 17.67%.
Read the conference call transcript.

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

South Plains Financial's Board of Directors approved a share buyback program on Tuesday, February 25th 2025, which permits the company to repurchase $15,000,000 in outstanding shares, according to EventVestor. This means that the company could buy up to 2.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its shares are undervalued.

When did South Plains Financial IPO?

South Plains Financial (SPFI) raised $63 million in an initial public offering (IPO) 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.

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

• Last Earnings: 4/24/2025
• Record date for 5/12 Dividend: 4/28/2025
• Ex-Dividend for 5/12 Dividend: 4/28/2025
• Dividend Payable: 5/12/2025
• Today: 7/08/2025
• Next Earnings (Estimated): 7/17/2025
• 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 Stock Price Target: $41.50
• High Stock Price Target: $47.00
• Low Stock Price Target: $36.00
• Potential Upside/Downside: +12.2%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 4 Analysts

Profitability

• EPS (Trailing Twelve Months): $3.00
• Trailing P/E Ratio: 12.33
• Forward P/E Ratio: 12.98
• P/E Growth: N/A
• Net Income: $49.72 million
• Net Margins: 17.67%
• Pretax Margin: 22.45%
• Return on Equity: 11.73%
• Return on Assets: 1.19%

Debt

• Debt-to-Equity Ratio: 0.25
• Current Ratio: 0.94
• Quick Ratio: 0.93

Sales & Book Value

• Annual Sales: $288.97 million
• Price / Sales: 2.08
• Cash Flow: $3.52 per share
• Price / Cash Flow: 10.51
• Book Value: $26.78 per share
• Price / Book: 1.38

Miscellaneous

• Outstanding Shares: 16,230,000
• Free Float: 12,108,000
• Market Cap: $600.35 million
• Optionable: Optionable
• Beta: 0.68