NASDAQ:SPFI South Plains Financial (SPFI) Stock Price, News & Analysis $35.19 +0.17 (+0.49%) (As of 10/17/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends About South Plains Financial Stock (NASDAQ:SPFI) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get South Plains Financial alerts:Sign Up Key Stats Today's Range$34.81▼$35.3050-Day Range$30.57▼$35.1952-Week Range$24.05▼$35.34Volume43,179 shsAverage Volume35,920 shsMarket Capitalization$577.78 millionP/E Ratio13.08Dividend Yield1.59%Price Target$34.33Consensus RatingBuy Company OverviewSouth 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… Massive shakeup in defense contracting (Ad)There is a little-known energy technology stock that has made an incredible breakthrough… Which could become crucial to the operations of the US Military. And right now there are plans for this stock to undertake a major test project at a US Air Force based in Alaska. Now, this incredible breakthrough is still in its earliest stages… Which means you still have a chance to get in while its trading for under $10.You need to check out the full story right here. South Plains Financial Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks77th Percentile Overall ScoreSPFI MarketRank™: South Plains Financial scored higher than 77% of companies evaluated by MarketBeat, and ranked 330th out of 911 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion1.5 / 5Analyst RatingBuy 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. Earnings and Valuation2.5 / 5Proj. Earnings Growth7.03% Earnings GrowthEarnings for South Plains Financial are expected to grow by 7.03% in the coming year, from $2.56 to $2.74 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of South Plains Financial is 13.08, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.86.Price to Earnings Ratio vs. SectorThe P/E ratio of South Plains Financial is 13.08, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.84.Price to Book Value per Share RatioSouth Plains Financial has a P/B Ratio of 1.42. 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. Short Interest5.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted0.39% 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, 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 12.76%, indicating that investor sentiment is improving significantly. Dividend2.5 / 5Dividend StrengthModerate Dividend YieldSouth Plains Financial pays a meaningful dividend of 1.64%, 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 20.82%. 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 20.44% 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. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted0.39% 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, 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 12.76%, indicating that investor sentiment is improving significantly. News and Social Media1.9 / 5News Sentiment0.51 News SentimentSouth Plains Financial has a news sentiment score of 0.51. 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 lower news sentiment than the 0.65 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 4 news articles for South Plains Financial this week, compared to 1 article on an average week. Company Ownership4.2 / 5Insider TradingAcquiring Shares Insider Buying vs. Insider SellingIn the past three months, South Plains Financial insiders have bought 343.45% more of their company's stock than they have sold. Specifically, they have bought $1,500,000.00 in company stock and sold $338,258.00 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. 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 HeadlinesSouth Plains Financial Raises Quarterly Dividend to 15cOctober 17 at 8:53 PM | marketwatch.comSouth Plains Financial, Inc. Announces 7% Increase to Quarterly Cash DividendOctober 17 at 4:10 PM | globenewswire.comElection warning coming true… If you missed it, my emergency election broadcast is now available - watch it before it's too late.October 17, 2024 | Porter & Company (Ad)Head-To-Head Analysis: South Plains Financial (NASDAQ:SPFI) versus Peoples Bancorp of North Carolina (NASDAQ:PEBK)October 17 at 2:57 AM | americanbankingnews.comSouth Plains Financial, Inc. Announces Third Quarter 2024 Earnings CallOctober 9, 2024 | globenewswire.comSouth Plains Financial files for $150M mixed securities shelfOctober 1, 2024 | msn.comHere's what you should try this year at South Plains Fair 2024September 28, 2024 | yahoo.com$2.2 million federal grant to build South Plains Regional Small Business Innovation CenterSeptember 18, 2024 | msn.comSee More Headlines SPFI Stock Analysis - Frequently Asked Questions How have SPFI shares performed this year? South Plains Financial's stock was trading at $28.96 on January 1st, 2024. Since then, SPFI shares have increased by 21.5% and is now trading at $35.19. 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.10. The firm had revenue of $71.92 million for the quarter, compared to analyst estimates 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%. When did South Plains Financial IPO? South Plains Financial (SPFI) raised $63 million in an initial public offering (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. Who are South Plains Financial's major shareholders? South Plains Financial's top institutional investors include Creative Planning (0.09%) and SG Americas Securities LLC (0.03%). 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 NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Netflix (NFLX), Tesla (TSLA), Broadcom (AVGO) and JPMorgan Chase & Co. (JPM). Company Calendar Last Earnings7/18/2024Ex-Dividend for 8/12 Dividend7/29/2024Dividend Payable8/12/2024Today10/17/2024Next Earnings (Confirmed)10/23/2024Fiscal 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-2.4%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.69 Trailing P/E Ratio13.08 Forward P/E Ratio13.75 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 / Sales1.98 Cash Flow$2.43 per share Price / Cash Flow14.50 Book Value$24.70 per share Price / Book1.42Miscellaneous Outstanding Shares16,390,000Free Float12,226,000Market Cap$576.76 million OptionableOptionable Beta0.58 Ten Starter Stocks For Beginners to Buy NowJust getting into the stock market? 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