NASDAQ:SPFISouth Plains Financial Stock Price, Forecast & News

South Plains Financial's stock was trading at $17.24 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SPFI shares have decreased by 23.4% and is now trading at $13.21. View which stocks have been most impacted by Coronavirus.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for South Plains Financial in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for South Plains Financial.

South Plains Financial is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for South Plains Financial.

South Plains Financial (NASDAQ:SPFI) issued its earnings results on Thursday, April, 30th. The company reported $0.38 earnings per share (EPS) for the quarter, hitting the Zacks' consensus estimate of $0.38. The business had revenue of $49.07 million for the quarter, compared to the consensus estimate of $44.15 million. South Plains Financial had a return on equity of 10.31% and a net margin of 15.76%. View South Plains Financial's earnings history.

South Plains Financial declared a quarterly dividend on Thursday, April 16th. Investors of record on Monday, April 27th will be paid a dividend of $0.03 per share on Monday, May 11th. This represents a $0.12 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Friday, April 24th. View South Plains Financial's dividend history.

2 brokerages have issued 1-year target prices for South Plains Financial's shares. Their forecasts range from $21.00 to $22.00. On average, they anticipate South Plains Financial's stock price to reach $21.50 in the next year. This suggests a possible upside of 62.8% from the stock's current price. View analysts' price targets for South Plains Financial.

News articles about SPFI stock have been trending very negative on Friday, InfoTrie reports. The research group scores the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. South Plains Financial earned a media sentiment score of -3.4 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutSouth Plains Financial.

South Plains Financial saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 60,800 shares, an increase of 23.1% from the April 30th total of 49,400 shares. Based on an average daily trading volume, of 21,700 shares, the days-to-cover ratio is presently 2.8 days. Approximately 0.6% of the company's stock are sold short. View South Plains Financial's Current Options Chain.

Some companies that are related to South Plains Financial include S & T Bancorp (STBA), Veritex (VBTX), 1st Source (SRCE), German American Bancorp. (GABC), Great Western Bancorp (GWB), Oritani Financial (ORIT), TriCo Bancshares (TCBK), Enterprise Financial Services (EFSC), Carolina Financial (CARO), FB Financial (FBK), First Bancorp (FBNC), Stock Yards Bancorp (SYBT), Republic Bancorp, Inc. KY (RBCAA), First Foundation (FFWM) and OFG Bancorp (OFG). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other South Plains Financial investors own include AbbVie (ABBV), Amplify Energy (AMPY), Amplify Energy (AMPY), Algonquin Power & Utilities (AQN), BCE (BCE), Franklin Resources (BEN), Bank of Nova Scotia (BNS), British American Tobacco (BTI), Carnival (CCL) and Canadian Imperial Bank of Commerce (CM).

(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 acted as the underwriters for the IPO.

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

South Plains Financial's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (3.82%), Polaris Capital Management LLC (1.24%), State Street Corp (0.76%), M3F Inc. (0.55%), Geode Capital Management LLC (0.48%) and Acadian Asset Management LLC (0.26%). Company insiders that own South Plains Financial stock include Cory T Newsom, Curtis C Griffith, Kyle R Wargo, Mikella D Newsom, Richard D Campbell and Steven B Crockett. View institutional ownership trends for South Plains Financial.

SPFI stock was sold by a variety of institutional investors in the last quarter, including M3F Inc., Morgan Stanley, BlackRock Inc., and UBS Group AG. View insider buying and selling activity for South Plains Financial.

SPFI stock was bought by a variety of institutional investors in the last quarter, including Mackay Shields LLC, Wedge Capital Management L L P NC, Acadian Asset Management LLC, Bank of New York Mellon Corp, Polaris Capital Management LLC, Rhumbline Advisers, State Street Corp, and Geode Capital Management LLC. Company insiders that have bought South Plains Financial stock in the last two years include Cory T Newsom, Curtis C Griffith, Kyle R Wargo, Mikella D Newsom, and Steven B Crockett. View insider buying and selling activity for South Plains Financial.

Shares of SPFI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of SPFI stock can currently be purchased for approximately $13.21.

South Plains Financial has a market capitalization of $238.56 million and generates $189.57 million in revenue each year. The company earns $29.22 million in net income (profit) each year or $1.69 on an earnings per share basis.

The official website for South Plains Financial is www.spfi.bank.

South Plains Financial's mailing address is 5219 CITY BANK PARKWAY, LUBBOCK TX, 79407. The company can be reached via phone at 806-792-7101 or via email at [email protected]