Free Trial
NASDAQ:SPFI

South Plains Financial (SPFI) Stock Price, News & Analysis

South Plains Financial logo
$38.88 +0.08 (+0.21%)
(As of 11/15/2024 ET)

About South Plains Financial Stock (NASDAQ:SPFI)

Key Stats

Today's Range
$38.23
$39.24
50-Day Range
$31.93
$40.51
52-Week Range
$24.05
$40.90
Volume
25,536 shs
Average Volume
39,955 shs
Market Capitalization
$637.24 million
P/E Ratio
15.13
Dividend Yield
1.54%
Price Target
$36.00
Consensus Rating
Buy

Company Overview

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.

South Plains Financial Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
61st Percentile Overall Score

SPFI MarketRank™: 

South Plains Financial scored higher than 61% of companies evaluated by MarketBeat, and ranked 538th out of 963 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    South 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 Coverage

    South Plains Financial has only been the subject of 1 research reports in the past 90 days.

  • Read more about South Plains Financial's stock forecast and price target.
  • Earnings Growth

    Earnings for South Plains Financial are expected to grow by 3.05% in the coming year, from $2.62 to $2.70 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of South Plains Financial is 15.13, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.87.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of South Plains Financial is 15.13, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 26.17.

  • Price to Book Value per Share Ratio

    South Plains Financial has a P/B Ratio of 1.44. 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.
  • Percentage of Shares Shorted

    0.33% of the float of South Plains Financial has been sold short.
  • Short Interest Ratio / Days to Cover

    South 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 month

    Short interest in South Plains Financial has recently increased by 2.51%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    South Plains Financial pays a meaningful dividend of 1.54%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    South Plains Financial does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of South Plains Financial is 23.35%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, South Plains Financial will have a dividend payout ratio of 22.22% 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.
  • Percentage of Shares Shorted

    0.33% of the float of South Plains Financial has been sold short.
  • Short Interest Ratio / Days to Cover

    South 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 month

    Short interest in South Plains Financial has recently increased by 2.51%, indicating that investor sentiment is decreasing.
  • News Sentiment

    South Plains Financial has a news sentiment score of 0.94. 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 0.68 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for South Plains Financial this week, compared to 1 article on an average week.
  • Insider Buying vs. Insider Selling

    In 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 $1,675,000.00 in company stock.

  • Percentage Held by Insiders

    25.39% 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 Institutions

    54.95% 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.

SPFI Stock News Headlines

[Urgent] Starlink Set For The Largest IPO In History?
He turned PayPal from a tiny, off-the-radar startup… to a massive $64 billion giant. Then, he did it again with Tesla… which is up more than 19,500% since 2010. For perspective, that turns $100 invested into almost $20,000! And now, Elon could be set to do it for the third and final time… with what might be his biggest breakthrough yet. And for the first time ever, you have the rare chance to profit BEFORE the upcoming IPO.
See More Headlines

SPFI Stock Analysis - Frequently Asked Questions

South Plains Financial's stock was trading at $28.96 at the start of the year. Since then, SPFI shares have increased by 34.3% and is now trading at $38.88.
View the best growth stocks for 2024 here
.

South Plains Financial, Inc. (NASDAQ:SPFI) announced its earnings results on Wednesday, October, 23rd. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.01. The company earned $72.28 million during the quarter, compared to analyst estimates of $48.90 million. South Plains Financial had a net margin of 15.51% and a trailing twelve-month return on equity of 10.39%.

South Plains Financial (SPFI) raised $63 million in an initial public offering 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.

Top institutional shareholders of South Plains Financial include State Street Corp (1.68%), Geode Capital Management LLC (1.66%), Empowered Funds LLC (0.56%) and Hotchkis & Wiley Capital Management LLC (0.52%). Insiders that own company stock include Richard D Campbell, Curtis C Griffith, Noe G Valles and Cory T Newsom.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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 Earnings
10/23/2024
Ex-Dividend for 11/12 Dividend
10/28/2024
Dividend Payable
11/12/2024
Today
11/17/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
1/24/2025

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Banking
Current Symbol
NASDAQ:SPFI
Fax
N/A
Employees
680
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$36.00
High Stock Price Target
$41.00
Low Stock Price Target
$31.00
Potential Upside/Downside
-7.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$62.74 million
Pretax Margin
19.84%

Debt

Sales & Book Value

Annual Sales
$291.26 million
Cash Flow
$2.35 per share
Book Value
$27.04 per share

Miscellaneous

Free Float
12,229,000
Market Cap
$637.24 million
Optionable
Optionable
Beta
0.58
Ten Starter Stocks For Beginners to Buy Now Cover

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

Get This Free Report

This page (NASDAQ:SPFI) was last updated on 11/17/2024 by MarketBeat.com Staff
From Our Partners