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NASDAQ:SPFI

South Plains Financial - SPFI Stock Forecast, Price & News

$28.17
+0.61 (+2.21%)
(As of 01/27/2023 12:00 AM ET)
Add
Compare
Today's Range
$28.11
$29.97
50-Day Range
$27.42
$31.26
52-Week Range
$22.47
$31.96
Volume
44,415 shs
Average Volume
36,745 shs
Market Capitalization
$478.89 million
P/E Ratio
8.51
Dividend Yield
1.73%
Price Target
$30.00

South Plains Financial MarketRank™ Forecast

Analyst Rating
N/A
0.00 Rating Score
Upside/​Downside
6.5% Upside
$30.00 Price Target
Short Interest
Healthy
1.40% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.92mentions of South Plains Financial in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$1.30 M Sold Last Quarter
Proj. Earnings Growth
-19.05%
From $3.15 to $2.55 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.69 out of 5 stars

Finance Sector

813th out of 900 stocks

State Commercial Banks Industry

179th out of 191 stocks


SPFI stock logo

About South Plains Financial (NASDAQ:SPFI) Stock

South Plains Financial, Inc. is a bank holding company, which engages in the provision of commercial and retail banking services through its subsidiary, City Bank. The firm also offers insurance, investment, trust and mortgage services through its other non-bank subsidiaries. It operates through the Community Banking and Insurance business segments. The company was founded on October 28, 1992 and is headquartered in Lubbock, TX.

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SPFI Stock News Headlines

Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
South Plains Financial (SPFI) Tops Q4 Earnings Estimates
Earnings Preview: South Plains Financial
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
South Plains Financial: Q3 Earnings Insights
South Plains Financial's Earnings Outlook
South Plains Financial, Inc. (SPFI)
South Plains Financial Inc
SPFI South Plains Financial, Inc.
See More Headlines
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SPFI Company Calendar

Last Earnings
10/26/2021
Ex-Dividend for 11/15 Dividend
10/28/2022
Dividend Payable
11/15/2022
Today
1/27/2023
Ex-Dividend for 2/13 Dividend
1/27/2023
Dividend Payable
2/13/2023
Next Earnings (Estimated)
4/25/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:SPFI
Fax
N/A
Employees
609
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$30.00
High Stock Price Forecast
$30.00
Low Stock Price Forecast
$30.00
Forecasted Upside/Downside
+6.5%
Consensus Rating
N/A
Rating Score (0-4)
0.00
Research Coverage
0 Analysts

Profitability

Net Income
$58.61 million
Pretax Margin
31.94%

Debt

Sales & Book Value

Annual Sales
$232.51 million
Cash Flow
$3.97 per share
Book Value
$22.90 per share

Miscellaneous

Free Float
12,604,000
Market Cap
$478.89 million
Optionable
Not Optionable
Beta
0.64

Key Executives

  • Curtis C. Griffith
    Chairman & Chief Executive Officer
  • Cory T. Newsom
    President & Director
  • Steven B. Crockett
    CFO, Treasurer & Principal Accounting Officer
  • Mikella D. Newsom
    Secretary & Chief Risk Officer













SPFI Stock - Frequently Asked Questions

What is South Plains Financial's stock price forecast for 2023?

0 analysts have issued 1-year price objectives for South Plains Financial's shares. Their SPFI share price forecasts range from $30.00 to $30.00. On average, they anticipate the company's stock price to reach $30.00 in the next year. This suggests a possible upside of 5.3% 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 2023?

South Plains Financial's stock was trading at $27.53 at the start of the year. Since then, SPFI stock has increased by 3.5% and is now trading at $28.48.
View the best growth stocks for 2023 here
.

Are investors shorting South Plains Financial?

South Plains Financial saw a drop in short interest in the month of January. As of January 15th, there was short interest totaling 137,200 shares, a drop of 15.2% from the December 31st total of 161,700 shares. Based on an average daily volume of 42,600 shares, the days-to-cover ratio is presently 3.2 days. Currently, 1.4% of the shares of the company are sold short.
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 Tuesday, April 25th 2023.
View our SPFI earnings forecast
.

How were South Plains Financial's earnings last quarter?

South Plains Financial, Inc. (NASDAQ:SPFI) released its quarterly earnings results on Tuesday, October, 26th. The company reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.10. The company had revenue of $56.97 million for the quarter, compared to analyst estimates of $53.30 million. South Plains Financial had a trailing twelve-month return on equity of 16.07% and a net margin of 25.55%. During the same period last year, the firm posted $0.92 earnings per share.

How often does South Plains Financial pay dividends? What is the dividend yield for South Plains Financial?

South Plains Financial announced a quarterly dividend on Thursday, January 19th. Investors of record on Monday, January 30th will be given a dividend of $0.13 per share on Monday, February 13th. This represents a $0.52 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Friday, January 27th. This is a boost from the stock's previous quarterly dividend of $0.12.
Read our dividend analysis for SPFI
.

Is South Plains Financial a good dividend stock?

South Plains Financial (NASDAQ:SPFI) pays an annual dividend of $0.48 per share and currently has a dividend yield of 1.73%. 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 14.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SPFI will have a dividend payout ratio of 18.82% 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 Blockchain (RIOT), CalAmp (CAMP), Delphi Technologies (DLPH) and DocuSign (DOCU).

When did South Plains Financial IPO?

(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 acted as the underwriters for the IPO.

What is South Plains Financial's stock symbol?

South Plains Financial trades on the NASDAQ under the ticker symbol "SPFI."

Who are South Plains Financial's major shareholders?

South Plains Financial's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Strs Ohio (0.11%). Insiders that own company stock include Curtis C Griffith, Kyle R Wargo and Richard D Campbell.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is South Plains Financial's stock price today?

One share of SPFI stock can currently be purchased for approximately $28.48.

How much money does South Plains Financial make?

South Plains Financial (NASDAQ:SPFI) has a market capitalization of $484.16 million and generates $232.51 million in revenue each year. The company earns $58.61 million in net income (profit) each year or $3.31 on an earnings per share basis.

How many employees does South Plains Financial have?

The company employs 609 workers across the globe.

How can I contact South Plains Financial?

South Plains Financial's mailing address is 5219 CITY BANK PARKWAY, LUBBOCK TX, 79407. The official website for the company is www.spfi.bank. The company can be reached via phone at (806) 792-7101 or via email at investors@city.bank.

This page (NASDAQ:SPFI) was last updated on 1/27/2023 by MarketBeat.com Staff