Positive News Sentiment NASDAQ:SPFI South Plains Financial - SPFI Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding South Plains Financial, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $28.38 +0.16 (+0.57%) (As of 02/3/2023 12:00 AM ET) Add Compare Share Share Today's Range$27.91▼$28.5050-Day Range$27.42▼$31.1852-Week Range$22.47▼$31.96Volume20,261 shsAverage Volume33,912 shsMarket Capitalization$482.46 millionP/E Ratio8.79Dividend Yield1.84%Price Target$30.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media South Plains Financial MarketRank™ ForecastAnalyst RatingN/A0.00 Rating ScoreUpside/Downside5.7% Upside$30.00 Price TargetShort InterestHealthy1.40% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment1.61Based on 2 Articles This WeekInsider TradingSelling Shares$275,718 Sold Last QuarterProj. Earnings Growth-1.96%From $2.55 to $2.50 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.74 out of 5 starsFinance Sector744th out of 865 stocksState Commercial Banks Industry165th out of 186 stocks 0.0 Analyst's Opinion Price Target Upside/DownsideAccording to analysts' consensus price target of $30.00, South Plains Financial has a forecasted upside of 5.7% from its current price of $28.38.Amount of Analyst CoverageSouth Plains Financial has received no research coverage in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.40% of the float of South Plains Financial has been sold short.Short Interest Ratio / Days to CoverSouth Plains Financial has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in South Plains Financial has recently decreased by 15.15%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldSouth Plains Financial pays a meaningful dividend of 1.84%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthSouth Plains Financial has only been increasing its dividend for 4 years.Dividend CoverageThe dividend payout ratio of South Plains Financial is 16.10%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, South Plains Financial will have a dividend payout ratio of 20.80% next year. This indicates that South Plains Financial will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for SPFI. Previous Next 3.1 News and Social Media Coverage News SentimentSouth Plains Financial has a news sentiment score of 1.61. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.56 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 2 news articles for South Plains Financial this week, compared to 1 article on an average week. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, South Plains Financial insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $275,718.00 in company stock.Percentage Held by Insiders25.86% of the stock of South Plains Financial is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 25.63% of the stock of South Plains Financial is held by institutions. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for South Plains Financial are expected to decrease by -1.96% in the coming year, from $2.55 to $2.50 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of South Plains Financial is 8.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.42.Price to Earnings Ratio vs. SectorThe P/E ratio of South Plains Financial is 8.79, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 182.32.Price to Book Value per Share RatioSouth Plains Financial has a P/B Ratio of 1.24. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About South Plains Financial (NASDAQ:SPFI) StockSouth Plains Financial, Inc. is a bank holding company, which engages in the provision of commercial and retail banking services through its subsidiary, City Bank. The firm also offers insurance, investment, trust and mortgage services through its other non-bank subsidiaries. It operates through the Community Banking and Insurance business segments. The company was founded on October 28, 1992 and is headquartered in Lubbock, TX.Read More Receive SPFI Stock News and Ratings via Email Sign-up to receive the latest news and ratings for South Plains Financial and its competitors with MarketBeat's FREE daily newsletter. Email Address SPFI Stock News HeadlinesJanuary 30, 2023 | finance.yahoo.comSouth Plains Financial, Inc. (NASDAQ:SPFI) Q4 2022 Earnings Call TranscriptJanuary 27, 2023 | seekingalpha.comSouth Plains Financial Inc. (SPFI) Q4 2022 Earnings Call TranscriptFebruary 4, 2023 | Tradewins (Ad)Know Your Profit Potential BEFORE You Trade!I’m Chuck Hughes, ten-time trading champion and author of the coveted e-book, “Options Trading Made Easy”, the strategy guide that will teach you to calculate your trade’s profit potential before you risk any capital. Click here for a free copy now! January 26, 2023 | nasdaq.comSouth Plains Financial (SPFI) Declares $0.13 DividendJanuary 26, 2023 | finance.yahoo.comSouth Plains Financial, Inc. Reports Fourth Quarter and Year-End 2022 Financial ResultsJanuary 26, 2023 | finance.yahoo.comSouth Plains Financial (SPFI) Tops Q4 Earnings EstimatesJanuary 25, 2023 | msn.comEarnings Preview: South Plains FinancialJanuary 19, 2023 | finance.yahoo.comSouth Plains Financial, Inc. Announces 8% Increase to Quarterly Cash DividendFebruary 4, 2023 | Wall Street Watch Dogs (Ad)“Future Fuel” will unleash $11 trillion wave of wealthThe next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…January 12, 2023 | finance.yahoo.comSouth Plains Financial, Inc. Announces Fourth Quarter and Full Year 2022 Earnings CallDecember 8, 2022 | finance.yahoo.comInvestors in South Plains Financial (NASDAQ:SPFI) have made a notable return of 60% over the past three yearsDecember 1, 2022 | finance.yahoo.comSouth Plains Financial (SPFI) Is a Great Choice for 'Trend' Investors, Here's WhyNovember 21, 2022 | finance.yahoo.comSouth Plains Financial, Inc. Publishes Second Annual ESG Highlights ReportNovember 11, 2022 | finance.yahoo.comSouth Plains Financial Third Quarter 2022 Earnings: Beats ExpectationsNovember 10, 2022 | finance.yahoo.comTrade Alert: The Independent Director Of South Plains Financial, Inc. (NASDAQ:SPFI), Noe Valles, Has Just Spent US$870k Buying 27% More SharesNovember 8, 2022 | finance.yahoo.comHere's Why Momentum in South Plains Financial (SPFI) Should Keep goingOctober 21, 2022 | seekingalpha.comSouth Plains Financial, Inc. (SPFI) Q3 2022 Earnings Call TranscriptOctober 21, 2022 | finance.yahoo.comSouth Plains Financial (SPFI) Tops Q3 Earnings and Revenue EstimatesOctober 21, 2022 | finance.yahoo.comSouth Plains Financial (SPFI) Is a Great Choice for "Trend" Investors, Here's WhyOctober 21, 2022 | benzinga.comSouth Plains Financial: Q3 Earnings InsightsOctober 21, 2022 | finance.yahoo.comSouth Plains Financial, Inc. Reports Third Quarter 2022 Financial ResultsOctober 20, 2022 | msn.comSouth Plains Financial's Earnings OutlookOctober 11, 2022 | finance.yahoo.comSouth Plains Financial, Inc. Announces Third Quarter 2022 Earnings CallOctober 5, 2022 | finance.yahoo.comIs South Plains Financial (SPFI) a Great Value Stock Right Now?September 20, 2022 | finance.yahoo.comSouth Plains Financial, Inc. (SPFI)September 18, 2022 | reuters.comSouth Plains Financial IncSeptember 16, 2022 | seekingalpha.comSPFI South Plains Financial, Inc.See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive SPFI Stock News and Ratings via Email Sign-up to receive the latest news and ratings for South Plains Financial and its competitors with MarketBeat's FREE daily newsletter. Email Address SPFI Company Calendar Last Earnings10/26/2021Ex-Dividend for 11/15 Dividend10/28/2022Dividend Payable11/15/2022Ex-Dividend for 2/13 Dividend1/27/2023Today2/03/2023Dividend Payable2/13/2023Next Earnings (Estimated)4/25/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry State commercial banks Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:SPFI CUSIPN/A CIK1163668 Webwww.spfi.bank Phone(806) 792-7101FaxN/AEmployees609Year FoundedN/APrice Target and Rating Average Stock Price Forecast$30.00 High Stock Price Forecast$30.00 Low Stock Price Forecast$30.00 Forecasted Upside/Downside+5.7%Consensus RatingN/A Rating Score (0-4)0.00 Research Coverage0 Analysts Profitability EPS (Most Recent Fiscal Year)$3.23 Trailing P/E Ratio8.79 Forward P/E Ratio11.13 P/E GrowthN/ANet Income$58.24 million Net Margins24.56% Pretax Margin31.94% Return on Equity16.00% Return on Assets1.46% Debt Debt-to-Equity Ratio0.36 Current Ratio0.86 Quick Ratio0.85 Sales & Book Value Annual Sales$237.31 million Price / Sales2.03 Cash Flow$3.93 per share Price / Cash Flow7.22 Book Value$22.90 per share Price / Book1.24Miscellaneous Outstanding Shares17,000,000Free Float12,604,000Market Cap$482.46 million OptionableNot Optionable Beta0.63 Key ExecutivesCurtis C. GriffithChairman & Chief Executive OfficerCory T. NewsomPresident & DirectorSteven B. CrockettCFO, Treasurer & Principal Accounting OfficerMikella D. NewsomSecretary & Chief Risk OfficerKey CompetitorsEquity BancsharesNASDAQ:EQBKIndependent BankNASDAQ:IBCPFive Star BancorpNASDAQ:FSBCFarmers National BancNASDAQ:FMNBBank of Marin BancorpNASDAQ:BMRCView All CompetitorsInsiders & InstitutionsBailard Inc.Bought 9,727 shares on 2/2/2023Ownership: 0.101%SG Americas Securities LLCBought 3,806 shares on 2/2/2023Ownership: 0.022%Summit Global InvestmentsBought 7,400 shares on 1/31/2023Ownership: 0.044%Strs OhioSold 2,500 shares on 1/26/2023Ownership: 0.112%Bank of New York Mellon CorpBought 5,457 shares on 12/8/2022Ownership: 0.337%View All Insider TransactionsView All Institutional Transactions SPFI Stock - Frequently Asked Questions What is South Plains Financial's stock price forecast for 2023? 0 equities research 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 anticipate the company's stock price to reach $30.00 in the next year. This suggests a possible upside of 5.7% 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 2023? South Plains Financial's stock was trading at $27.53 at the beginning of 2023. Since then, SPFI stock has increased by 3.1% and is now trading at $28.38. View the best growth stocks for 2023 here. Are investors shorting South Plains Financial? South Plains Financial saw a decrease in short interest during the month of January. As of January 15th, there was short interest totaling 137,200 shares, a decrease of 15.2% from the December 31st total of 161,700 shares. Based on an average daily volume of 42,600 shares, the short-interest ratio is currently 3.2 days. Approximately 1.4% of the shares of the stock are short sold. View South Plains Financial's Short Interest. When is South Plains Financial's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023. 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, topping analysts' consensus estimates 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 16.00% and a net margin of 24.56%. During the same period last year, the firm posted $0.92 earnings per share. 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 Thursday, January 19th. Investors of record on Monday, January 30th will be given a dividend of $0.13 per share on Monday, February 13th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Friday, January 27th. This is an increase from the stock's previous quarterly dividend of $0.12. Read our dividend analysis for SPFI. Is South Plains Financial a good dividend stock? South Plains Financial (NASDAQ:SPFI) pays an annual dividend of $0.52 per share and currently has a dividend yield of 1.86%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SPFI will have a dividend payout ratio of 20.80% 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 Platforms (RIOT), CalAmp (CAMP), Delphi Technologies (DLPH) and DocuSign (DOCU). When did South Plains Financial IPO? (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 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." Who are South Plains Financial's major shareholders? South Plains Financial's stock is owned by a number of institutional and retail investors. Top institutional investors include Strs Ohio (0.11%), Bailard Inc. (0.10%), Summit Global Investments (0.04%) and SG Americas Securities LLC (0.02%). Insiders that own company stock include Curtis C Griffith, Kyle R Wargo and Richard D Campbell. 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 $28.38. How much money does South Plains Financial make? South Plains Financial (NASDAQ:SPFI) has a market capitalization of $482.46 million and generates $237.31 million in revenue each year. The company earns $58.24 million in net income (profit) each year or $3.23 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 2/4/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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