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 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SPFI shares have decreased by 27.6% and is now trading at $12.49. 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) announced its earnings results on Thursday, April, 30th. The company reported $0.38 EPS for the quarter, meeting analysts' consensus estimates of $0.38. The company earned $49.07 million during the quarter, compared to analyst estimates of $44.15 million. South Plains Financial had a net margin of 15.76% and a return on equity of 10.31%. 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 0.96%. The ex-dividend date is Friday, April 24th. View South Plains Financial's dividend history.

2 brokers have issued 1-year target prices for South Plains Financial's stock. Their forecasts range from $21.00 to $22.00. On average, they expect South Plains Financial's stock price to reach $21.50 in the next year. This suggests a possible upside of 72.1% from the stock's current price. View analysts' price targets for South Plains Financial.

Headlines about SPFI stock have trended extremely negative recently, according to InfoTrie. The research firm rates the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. South Plains Financial earned a media sentiment score of -4.6 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutSouth Plains Financial.

South Plains Financial saw a increase in short interest in 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 short-interest ratio is presently 2.8 days. Approximately 0.6% of the shares of the stock are short sold. View South Plains Financial's Current Options Chain.

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

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

South Plains Financial's stock is owned by many different retail and institutional investors. Top institutional shareholders 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 acquired 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 $12.49.

South Plains Financial has a market capitalization of $225.57 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]