South Plains Financial - SPFI Stock Forecast, Price & News

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.

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.

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.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023.
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, 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.

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.

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.

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 Platforms (RIOT), CalAmp (CAMP), Delphi Technologies (DLPH) and DocuSign (DOCU).

(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.

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

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.

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.

One share of SPFI stock can currently be purchased for approximately $28.38.

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.

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.