South Plains Financial - SPFI Stock Forecast, Price & News

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.

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

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.

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.

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.

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.

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).

(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.

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 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.

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.
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One share of SPFI stock can currently be purchased for approximately $25.40.

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.

The company employs 609 workers across the globe.

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.