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S&P 500   3,640.47
DOW   29,225.61
QQQ   271.87
As a Black Woman in Business for 2 Decades, Here's How I've Learned to Navigate Microaggressions and Racism in Networking
The $193 Billion US-China War You Don't Know About (Ad)
2 Casino Stocks Worth Taking a Look At
This Small-Cap Healthcare Name Is Outperforming Its Index
The NEW US – RUSSIA COLD WAR (Ad)
What Cintas Can Teach Investors About This Bear Market?
Wall Street drops back to lowest since 2020 as fear returns
The NEW US – RUSSIA COLD WAR (Ad)
Are Smucker & Hostess Buys As Consumers Focus On Food Purchases?
NATO believes Baltic Sea gas leaks were sabotage
S&P 500   3,640.47
DOW   29,225.61
QQQ   271.87
As a Black Woman in Business for 2 Decades, Here's How I've Learned to Navigate Microaggressions and Racism in Networking
The $193 Billion US-China War You Don't Know About (Ad)
2 Casino Stocks Worth Taking a Look At
This Small-Cap Healthcare Name Is Outperforming Its Index
The NEW US – RUSSIA COLD WAR (Ad)
What Cintas Can Teach Investors About This Bear Market?
Wall Street drops back to lowest since 2020 as fear returns
The NEW US – RUSSIA COLD WAR (Ad)
Are Smucker & Hostess Buys As Consumers Focus On Food Purchases?
NATO believes Baltic Sea gas leaks were sabotage
S&P 500   3,640.47
DOW   29,225.61
QQQ   271.87
As a Black Woman in Business for 2 Decades, Here's How I've Learned to Navigate Microaggressions and Racism in Networking
The $193 Billion US-China War You Don't Know About (Ad)
2 Casino Stocks Worth Taking a Look At
This Small-Cap Healthcare Name Is Outperforming Its Index
The NEW US – RUSSIA COLD WAR (Ad)
What Cintas Can Teach Investors About This Bear Market?
Wall Street drops back to lowest since 2020 as fear returns
The NEW US – RUSSIA COLD WAR (Ad)
Are Smucker & Hostess Buys As Consumers Focus On Food Purchases?
NATO believes Baltic Sea gas leaks were sabotage
NASDAQ:SPFI

South Plains Financial - SPFI Stock Forecast, Price & News

$27.56
-0.20 (-0.72%)
(As of 09/29/2022 12:00 AM ET)
Add
Compare
Today's Range
$27.29
$27.59
50-Day Range
$24.27
$28.25
52-Week Range
$22.47
$29.89
Volume
37,534 shs
Average Volume
35,767 shs
Market Capitalization
$478.72 million
P/E Ratio
8.43
Dividend Yield
1.73%
Price Target
$29.00

South Plains Financial MarketRank™ Forecast

Analyst Rating
N/A
0.00 Rating Score
Upside/​Downside
8.9% Upside
$30.00 Price Target
Short Interest
Healthy
1.08% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.57mentions of South Plains Financial in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$664,250 Sold Last Quarter
Proj. Earnings Growth
-13.33%
From $3.00 to $2.60 Per Share

Overall MarketRank

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

1.45 out of 5 stars

Finance Sector

896th out of 926 stocks

State Commercial Banks Industry

193rd out of 196 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.

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SPFI Stock News Headlines

South Plains Financial, Inc. (SPFI)
South Plains Financial Inc
SPFI South Plains Financial, Inc.
South Plains Financial declares $0.11 dividend
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SPFI Company Calendar

Last Earnings
7/22/2022
Ex-Dividend for 8/15 Dividend
7/29/2022
Dividend Payable
8/15/2022
Today
9/30/2022
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
$30.00
High Stock Price Forecast
$30.00
Low Stock Price Forecast
$30.00
Forecasted Upside/Downside
+5.2%
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
$3.88 per share
Book Value
$22.90 per share

Miscellaneous

Free Float
12,877,000
Market Cap
$478.72 million
Optionable
Not Optionable
Beta
0.62

Key Executives

  • Mr. Curtis C. Griffith (Age 69)
    Chairman & CEO
    Comp: $916.84k
  • Mr. Cory T. Newsom (Age 54)
    Pres & Director
    Comp: $1.31M
  • Mr. Steven B. Crockett (Age 49)
    CFO & Treasurer
    Comp: $513.36k
  • Ms. Mikella D. Newsom (Age 47)
    Chief Risk Officer & Sec.
  • Mr. Kelly L. Deterding (Age 63)
    Pres of Windmark Insurance & Sr. VP of Insurance Devel. of City Bank













SPFI Stock - Frequently Asked Questions

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

0 Wall Street analysts have issued 12 month target prices for South Plains Financial's shares. Their SPFI share price forecasts range from $30.00 to $30.00. On average, they expect the company's stock price to reach $30.00 in the next twelve months. This suggests a possible upside of 8.9% 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 0.9% and is now trading at $27.56.
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) issued its earnings results on Friday, July, 22nd. The company reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.38. The company earned $55.94 million during the quarter, compared to the consensus estimate of $48.50 million. South Plains Financial had a net margin of 25.64% and a trailing twelve-month return on equity of 15.42%.

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. Investors 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 yield of 1.74%. 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 1.73%. 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 initial public offering 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 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."

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 $27.56.

How much money does South Plains Financial make?

South Plains Financial (NASDAQ:SPFI) has a market capitalization of $478.66 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 9/30/2022 by MarketBeat.com Staff

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