South Plains Financial (SPFI) to Release Earnings on Thursday

South Plains Financial (NASDAQ:SPFI - Get Free Report) will likely be announcing its Q1 2025 earnings results after the market closes on Thursday, April 24th. Analysts expect South Plains Financial to post earnings of $0.65 per share and revenue of $48.93 million for the quarter.

South Plains Financial (NASDAQ:SPFI - Get Free Report) last released its earnings results on Friday, January 24th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.67 by $0.29. South Plains Financial had a net margin of 17.20% and a return on equity of 11.75%. During the same period in the previous year, the company posted $0.61 earnings per share. On average, analysts expect South Plains Financial to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

South Plains Financial Trading Down 1.0 %

Shares of South Plains Financial stock traded down $0.32 during trading hours on Monday, reaching $31.88. 22,994 shares of the company's stock were exchanged, compared to its average volume of 38,813. The firm has a market capitalization of $517.60 million, a price-to-earnings ratio of 10.92 and a beta of 0.46. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. South Plains Financial has a 52-week low of $25.13 and a 52-week high of $40.91. The company has a fifty day moving average of $33.12 and a 200-day moving average of $35.04.

South Plains Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, April 28th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, April 28th. This represents a $0.60 annualized dividend and a yield of 1.88%. South Plains Financial's dividend payout ratio (DPR) is presently 20.55%.

South Plains Financial declared that its board has approved a share buyback plan on Tuesday, February 25th that authorizes the company to buyback $15.00 million in shares. This buyback authorization authorizes the company to reacquire up to 2.7% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SPFI shares. Hovde Group raised their target price on shares of South Plains Financial from $46.00 to $47.00 and gave the stock an "outperform" rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $45.00 price objective (down from $46.00) on shares of South Plains Financial in a research note on Monday, January 27th.

Insider Activity

In other South Plains Financial news, Director Noe G. Valles acquired 100,000 shares of the firm's stock in a transaction on Monday, March 10th. The stock was bought at an average cost of $33.00 per share, for a total transaction of $3,300,000.00. Following the completion of the purchase, the director now directly owns 486,437 shares in the company, valued at $16,052,421. This represents a 25.88 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Curtis C. Griffith sold 5,196 shares of the firm's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $35.60, for a total transaction of $184,977.60. Following the completion of the transaction, the chief executive officer now directly owns 828,683 shares in the company, valued at approximately $29,501,114.80. This represents a 0.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,061 shares of company stock valued at $1,493,613 in the last three months. Corporate insiders own 25.39% of the company's stock.

About South Plains Financial

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.