NASDAQ:SPFI South Plains Financial (SPFI) Stock Price, News & Analysis $32.83 -0.73 (-2.18%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$32.80▼$33.8050-Day Range$26.47▼$34.9152-Week Range$24.05▼$34.93Volume90,330 shsAverage Volume42,853 shsMarket Capitalization$538.08 millionP/E Ratio8.78Dividend Yield1.71%Price Target$34.33 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get South Plains Financial alerts: Email Address South Plains Financial MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside4.6% Upside$34.33 Price TargetShort InterestHealthy0.42% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingAcquiring Shares$1.50 M Bought Last QuarterProj. Earnings Growth3.57%From $2.52 to $2.61 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.76 out of 5 starsFinance Sector509th out of 871 stocksState Commercial Banks Industry119th out of 177 stocks 1.5 Analyst's Opinion Consensus RatingSouth Plains Financial has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageSouth Plains Financial has only been the subject of 2 research reports in the past 90 days.Read more about South Plains Financial's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.42% 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 1.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in South Plains Financial has recently increased by 70.73%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldSouth Plains Financial pays a meaningful dividend of 1.65%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthSouth Plains Financial does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of South Plains Financial is 14.97%. 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 21.46% next year. This indicates that South Plains Financial will be able to sustain or increase its dividend.Read more about South Plains Financial's 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 2.2 News and Social Media Coverage News SentimentSouth Plains Financial has a news sentiment score of 1.02. 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 0.70 average news sentiment score of Finance companies. Previous Next 4.2 Company Ownership Insider Buying vs. Insider SellingIn the past three months, South Plains Financial insiders have bought 176.36% more of their company's stock than they have sold. Specifically, they have bought $1,500,000.00 in company stock and sold $542,778.00 in company stock.Percentage Held by Insiders25.39% 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 Institutions54.95% of the stock of South Plains Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about South Plains Financial's insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for South Plains Financial are expected to grow by 3.57% in the coming year, from $2.52 to $2.61 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of South Plains Financial is 8.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.71.Price to Earnings Ratio vs. SectorThe P/E ratio of South Plains Financial is 8.78, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 32.64.Price to Book Value per Share RatioSouth Plains Financial has a P/B Ratio of 1.29. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about South Plains Financial's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Porter & CompanyWar on Elon Escalates… A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” grift of the elites. And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.One company holds a near-total monopoly on it. About South Plains Financial Stock (NASDAQ:SPFI)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 was founded in 1941 and is headquartered in Lubbock, Texas.Read More SPFI Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SPFI Stock News HeadlinesAugust 17, 2024 | insidertrades.comSouth Plains Financial, Inc. (NASDAQ:SPFI) Director Buys 50,000 Shares of StockAugust 7, 2024 | insidertrades.comCurtis C. Griffith Sells 1,599 Shares of South Plains Financial, Inc. (NASDAQ:SPFI) StockSeptember 7, 2024 | Golden Crest (Ad)Biden’s Capital Gains Tax to Devastate Savings!Don't let the corrupt elites dictate your future—ACT NOW! This guide is your first step towards financial independence and security.August 31, 2024 | finance.yahoo.comInvestors in South Plains Financial (NASDAQ:SPFI) have seen impressive returns of 131% over the past five yearsAugust 28, 2024 | americanbankingnews.comHead to Head Review: South Plains Financial (NASDAQ:SPFI) & California BanCorp (NASDAQ:CALB)August 28, 2024 | americanbankingnews.comHead-To-Head Review: South Plains Financial (NASDAQ:SPFI) vs. California BanCorp (NASDAQ:CALB)August 19, 2024 | nz.finance.yahoo.comSouth Plains Financial, Inc. (4S4.F)August 17, 2024 | finance.yahoo.comDirector Noe Valles Acquires 50,000 Shares of South Plains Financial Inc (SPFI)September 7, 2024 | Golden Crest (Ad)Biden’s Capital Gains Tax to Devastate Savings!Don't let the corrupt elites dictate your future—ACT NOW! This guide is your first step towards financial independence and security.July 21, 2024 | finance.yahoo.comResults: South Plains Financial, Inc. Exceeded Expectations And The Consensus Has Updated Its EstimatesJuly 20, 2024 | msn.comSouth Plains Financial, Inc. (NASDAQ:SPFI) Q2 2024 Earnings Call TranscriptJuly 19, 2024 | seekingalpha.comSouth Plains Financial declares $0.14 dividendJuly 19, 2024 | seekingalpha.comSouth Plains Financial, Inc. (SPFI) Q2 2024 Earnings Call TranscriptJuly 19, 2024 | markets.businessinsider.comSouth Plains Financial (SPFI) Gets a Buy from KBWJuly 18, 2024 | investorplace.comSPFI Stock Earnings: South Plains Financial Beats EPS, Beats Revenue for Q2 2024July 18, 2024 | globenewswire.comSouth Plains Financial, Inc. Declares Quarterly Cash DividendJuly 18, 2024 | globenewswire.comSouth Plains Financial, Inc. Reports Second Quarter 2024 Financial ResultsJuly 9, 2024 | globenewswire.comSouth Plains Financial, Inc. Announces Second Quarter 2024 Earnings CallSee More Headlines 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 Company Calendar Last Earnings7/18/2024Ex-Dividend for 8/12 Dividend7/29/2024Dividend Payable8/12/2024Today9/07/2024Next Earnings (Estimated)10/22/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry State commercial banks Sub-IndustryBanking Current SymbolNASDAQ:SPFI CUSIPN/A CIK1163668 Webwww.spfi.bank Phone(806) 792-7101FaxN/AEmployees680Year FoundedN/APrice Target and Rating Average Stock Price Target$34.33 High Stock Price Target$36.00 Low Stock Price Target$31.00 Potential Upside/Downside+4.6%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$3.74 Trailing P/E Ratio8.78 Forward P/E Ratio13.03 P/E GrowthN/ANet Income$62.74 million Net Margins16.53% Pretax Margin21.12% Return on Equity11.42% Return on Assets1.09% Debt Debt-to-Equity Ratio0.26 Current Ratio0.92 Quick Ratio0.91 Sales & Book Value Annual Sales$291.26 million Price / Sales1.85 Cash Flow$2.27 per share Price / Cash Flow14.47 Book Value$25.51 per share Price / Book1.29Miscellaneous Outstanding Shares16,390,000Free Float12,250,000Market Cap$538.08 million OptionableOptionable Beta0.59 Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.Get This Free Report Key ExecutivesMr. Curtis C. Griffith (Age 71)Chairman & CEO Comp: $888.33kMr. Cory T. Newsom (Age 56)President & Director Comp: $1.39MMr. Steven B. Crockett (Age 52)CFO & Treasurer Comp: $702.46kMs. Mikella D. Newsom (Age 50)Chief Risk Officer & Secretary Mr. Kelly L. Deterding (Age 65)President of Windmark Insurance & Senior VP of Insurance Development of City Bank Comp: $642.35kKey CompetitorsFarmers National BancNASDAQ:FMNBEquity BancsharesNASDAQ:EQBKCNB FinancialNASDAQ:CCNEAtlantic Capital BancsharesNASDAQ:ACBISierra BancorpNASDAQ:BSRRView All CompetitorsInsiders & InstitutionsNoe G VallesBought 50,000 shares on 8/15/2024Total: $1.50 M ($30.00/share)Prospector Partners LLCBought 2,050 shares on 8/14/2024Ownership: 0.203%Westwood Holdings Group Inc.Sold 10,735 shares on 8/13/2024Ownership: 0.065%Dimensional Fund Advisors LPBought 30,665 shares on 8/9/2024Ownership: 2.219%Salzhauer MichaelBought 8,708 shares on 8/9/2024Ownership: 0.114%View All Insider TransactionsView All Institutional Transactions SPFI Stock Analysis - Frequently Asked Questions How have SPFI shares performed this year? South Plains Financial's stock was trading at $28.96 at the start of the year. Since then, SPFI stock has increased by 13.4% and is now trading at $32.83. View the best growth stocks for 2024 here. How were South Plains Financial's earnings last quarter? South Plains Financial, Inc. (NASDAQ:SPFI) released its earnings results on Thursday, July, 18th. The company reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $0.10. The firm had revenue of $71.92 million for the quarter, compared to analysts' expectations of $46.50 million. South Plains Financial had a trailing twelve-month return on equity of 11.42% and a net margin of 16.53%. 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. When did South Plains Financial IPO? South Plains Financial (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 acted as the underwriters for the IPO. Who are South Plains Financial's major shareholders? Top institutional investors of South Plains Financial include Dimensional Fund Advisors LP (2.22%), Acadian Asset Management LLC (1.46%), American Century Companies Inc. (1.07%) and Bank of New York Mellon Corp (0.39%). Insiders that own company stock include Richard D Campbell, Curtis C Griffith, Noe G Valles and Cory T Newsom. 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of South Plains Financial own? Based on aggregate information from My MarketBeat watchlists, some other companies that South Plains Financial investors own include Main Street Capital (MAIN), Boeing (BA), General Motors (GM), NVIDIA (NVDA), Overstock.com (OSTK), Pure Storage (PSTG) and Riot Platforms (RIOT). This page (NASDAQ:SPFI) was last updated on 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. But the top investors keep buying wit...Crypto 101 Media | SponsoredThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase,...Deal Maker | SponsoredPre-IPO| 32,481% Growth: First Disruption to $martphones in 15 Years🤳45M Users | 32,481% Growth Rate Get in on the biggest disruption to smartphones in over a decade. 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