South Plains Financial (SPFI) Set to Announce Quarterly Earnings on Thursday

South Plains Financial (NASDAQ:SPFI) is set to issue its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.58 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

South Plains Financial (NASDAQ:SPFI) last issued its earnings results on Friday, January 26th. The company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.04). The company had revenue of $66.38 million during the quarter, compared to analysts’ expectations of $47.25 million. South Plains Financial had a return on equity of 11.06% and a net margin of 21.54%. During the same quarter in the prior year, the business posted $0.71 EPS. On average, analysts expect South Plains Financial to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

South Plains Financial Trading Up 1.1 %

Shares of NASDAQ:SPFI opened at $26.40 on Wednesday. The stock has a market capitalization of $433.75 million, a price-to-earnings ratio of 7.27 and a beta of 0.56. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.90 and a current ratio of 0.91. The stock’s 50-day simple moving average is $25.85 and its two-hundred day simple moving average is $26.86. South Plains Financial has a 52-week low of $18.75 and a 52-week high of $30.22.

South Plains Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Monday, April 29th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, April 26th. This represents a $0.56 dividend on an annualized basis and a yield of 2.12%. South Plains Financial’s payout ratio is presently 14.33%.

Analysts Set New Price Targets

Separately, Raymond James boosted their target price on shares of South Plains Financial from $28.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday, January 29th.

Insider Buying and Selling at South Plains Financial

In other South Plains Financial news, Director Noe G. Valles purchased 30,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was bought at an average cost of $27.00 per share, for a total transaction of $810,000.00. Following the completion of the purchase, the director now owns 195,512 shares in the company, valued at approximately $5,278,824. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other South Plains Financial news, Director Noe G. Valles acquired 30,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were acquired at an average cost of $27.00 per share, with a total value of $810,000.00. Following the acquisition, the director now directly owns 195,512 shares of the company’s stock, valued at $5,278,824. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Curtis C. Griffith sold 50,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $25.00, for a total value of $1,250,000.00. Following the completion of the sale, the chief executive officer now owns 1,253,797 shares in the company, valued at approximately $31,344,925. The disclosure for this sale can be found here. Insiders own 25.39% of the company’s stock.

South Plains Financial Company Profile

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.