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NASDAQ:SPFI

South Plains Financial - SPFI Stock Forecast, Price & News

$25.51
+0.11 (+0.43%)
(As of 08/15/2022 10:50 AM ET)
Add
Compare
Today's Range
$25.49
$25.51
50-Day Range
$22.54
$26.75
52-Week Range
$22.06
$29.89
Volume
30 shs
Average Volume
22,917 shs
Market Capitalization
$443.06 million
P/E Ratio
7.80
Dividend Yield
1.89%
Price Target
$29.00

South Plains Financial MarketRank™ Forecast

Analyst Rating
N/A
0.00 Rating Score
Upside/​Downside
14.2% Upside
$29.00 Price Target
Short Interest
Bearish
1.19% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.90mentions of South Plains Financial in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-16.67%
From $3.00 to $2.50 Per Share

Overall MarketRank

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

1.66 out of 5 stars

Finance Sector

851st out of 931 stocks

State Commercial Banks Industry

193rd out of 194 stocks

SPFI stock logo

About South Plains Financial (NASDAQ:SPFI) Stock

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 operates 25 full-service banking locations; and 15 loan production offices located throughout Texas and Eastern New Mexico. South Plains Financial, Inc. was founded in 1941 and is headquartered in Lubbock, Texas.

South Plains Financial Stock Performance

South Plains Financial stock remained flat at $25.40 during midday trading on Friday. 115,955 shares of the company's stock were exchanged, compared to its average volume of 35,531. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a fifty day moving average price of $24.34 and a two-hundred day moving average price of $25.73. The firm has a market cap of $441.20 million, a price-to-earnings ratio of 7.77 and a beta of 0.65. South Plains Financial has a 52-week low of $22.06 and a 52-week high of $29.89.

South Plains Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Monday, August 1st will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.89%. This is an increase from South Plains Financial's previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Friday, July 29th. South Plains Financial's payout ratio is 14.68%.

Analysts Set New Price Targets

Separately, Piper Sandler lifted their price target on shares of South Plains Financial to $29.00 in a report on Monday, July 25th.

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SPFI Stock News Headlines

South Plains Financial declares $0.11 dividend
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SPFI Company Calendar

Last Earnings
10/26/2021
Ex-Dividend for 8/15 Dividend
7/29/2022
Today
8/15/2022
Dividend Payable
8/15/2022
Next Earnings (Estimated)
10/25/2022
Fiscal Year End
12/31/2022

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
$29.00
High Stock Price Forecast
$29.00
Low Stock Price Forecast
$29.00
Forecasted Upside/Downside
+13.7%
Consensus Rating
N/A
Rating Score (0-4)
0.00
Research Coverage
0 Analysts

Profitability

Net Income
$58.61 million
Pretax Margin
31.97%

Debt

Sales & Book Value

Annual Sales
$232.51 million
Cash Flow
$3.92 per share
Book Value
$22.90 per share

Miscellaneous

Free Float
12,877,000
Market Cap
$443.06 million
Optionable
Not Optionable
Beta
0.65














SPFI Stock - Frequently Asked Questions

What is South Plains Financial's stock price forecast for 2022?

0 Wall Street analysts have issued 12-month price targets for South Plains Financial's shares. Their SPFI share price forecasts range from $29.00 to $29.00. On average, they predict the company's share price to reach $29.00 in the next year. This suggests a possible upside of 14.2% 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 2022?

South Plains Financial's stock was trading at $27.81 at the start of the year. Since then, SPFI stock has decreased by 8.7% and is now trading at $25.40.
View the best growth stocks for 2022 here
.

When is South Plains Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our SPFI earnings forecast
.

How were South Plains Financial's earnings last quarter?

South Plains Financial, Inc. (NASDAQ:SPFI) posted its quarterly earnings results on Tuesday, October, 26th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.72 by $0.10. The firm earned $56.97 million during the quarter, compared to the consensus estimate of $53.30 million. South Plains Financial had a trailing twelve-month return on equity of 15.42% and a net margin of 25.64%. During the same quarter in the prior year, the firm earned $0.92 EPS.

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 Saturday, July 23rd. Shareholders of record on Monday, August 1st will be paid a dividend of $0.12 per share on Monday, August 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Friday, July 29th. This is a positive change from the stock's previous quarterly dividend of $0.11.
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 1.89%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 14.68%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SPFI will have a dividend payout ratio of 19.20% 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 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 served 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 variety of retail and institutional investors. Top institutional investors include Polaris Capital Management LLC (4.40%), M3F Inc. (1.45%), Keeley Teton Advisors LLC (0.99%), Banc Funds Co. LLC (0.72%), Northern Trust Corp (0.51%) and Renaissance Technologies LLC (0.17%). Insiders that own company stock include Curtis C Griffith and Kyle R Wargo.
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 $25.40.

How much money does South Plains Financial make?

South Plains Financial (NASDAQ:SPFI) has a market capitalization of $441.15 million and generates $232.51 million in revenue each year. The company earns $58.61 million in net income (profit) each year or $3.27 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 8/15/2022 by MarketBeat.com Staff

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