South Plains Financial (NASDAQ:SPFI) Given New $49.00 Price Target at Hovde Group

South Plains Financial (NASDAQ:SPFI) had its price objective boosted by research analysts at Hovde Group from $47.00 to $49.00 in a research report issued on Tuesday. The firm currently has an “outperform” rating on the stock. Hovde Group’s target price suggests a potential upside of 18.59% from the company’s current price.

A number of other research analysts also recently weighed in on SPFI. Raymond James Financial increased their target price on South Plains Financial from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, January 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of South Plains Financial in a research note on Monday, December 22nd. Keefe, Bruyette & Woods boosted their target price on shares of South Plains Financial from $45.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $45.00 price target on shares of South Plains Financial in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $46.00.

South Plains Financial Trading Up 0.8%

NASDAQ:SPFI opened at $41.32 on Tuesday. The company has a market cap of $671.45 million, a PE ratio of 11.81 and a beta of 0.60. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.13. The company has a 50 day simple moving average of $39.47 and a two-hundred day simple moving average of $38.93. South Plains Financial has a 12 month low of $30.01 and a 12 month high of $43.25.

South Plains Financial (NASDAQ:SPFI) last released its quarterly earnings results on Monday, January 26th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.06. The firm had revenue of $53.88 million for the quarter, compared to analysts’ expectations of $54.11 million. South Plains Financial had a return on equity of 13.16% and a net margin of 20.09%. Research analysts forecast that South Plains Financial will post 2.85 earnings per share for the current year.

Institutional Investors Weigh In On South Plains Financial

Institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of South Plains Financial by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,066 shares of the company’s stock valued at $234,000 after acquiring an additional 312 shares in the last quarter. Empowered Funds LLC lifted its holdings in South Plains Financial by 0.4% in the 1st quarter. Empowered Funds LLC now owns 89,245 shares of the company’s stock worth $2,956,000 after purchasing an additional 398 shares in the last quarter. Jane Street Group LLC bought a new position in South Plains Financial in the 1st quarter worth approximately $315,000. Truist Financial Corp purchased a new position in shares of South Plains Financial in the second quarter worth $212,000. Finally, CWM LLC boosted its position in shares of South Plains Financial by 44.8% during the second quarter. CWM LLC now owns 1,678 shares of the company’s stock worth $60,000 after acquiring an additional 519 shares during the last quarter. Hedge funds and other institutional investors own 54.95% of the company’s stock.

South Plains Financial News Summary

Here are the key news stories impacting South Plains Financial this week:

• Positive Sentiment: EPS beat and strong full‑year performance — Q4 diluted EPS of $0.90 topped consensus and full‑year EPS rose to $3.44 (from $2.92), driven by NII expansion and loan growth; net income for 2025 was $58.5M. Yahoo Finance: Earnings Highlights
• Positive Sentiment: Management guidance and M&A growth strategy — Company expects mid‑ to high single‑digit loan growth in 2026 and is moving to scale up in Houston via the BOH/Bank of Houston acquisition, which could enhance revenue mix and franchise scale. Seeking Alpha: Loan Growth / Houston Expansion
• Positive Sentiment: Capital and profitability trends supportive — Tangible book value per share rose to $29.05, CET1 and other capital ratios remain strong (CET1 ~14.45%), and net interest margin expanded year‑over‑year to ~4.00%, supporting ROE. Business Insider: Press Release / Results
• Neutral Sentiment: Analyst context and disclosures — Some sell‑side coverage is constructive (median price target near $44) and the company hosted an earnings call/transcript and slide deck that provide more detail on acquisition assumptions and execution plans. Seeking Alpha: Q4 Call Transcript
• Negative Sentiment: Quarterly softness in some metrics — Q4 revenue was $53.88M vs. an estimate ~$54.11M (slight miss); Q4 net income and EPS declined sequentially and year‑over‑year (EPS $0.90 vs. $0.96 prior), which tempers the headline beat. Zacks: Q4 Key Metrics
• Negative Sentiment: Revenue mix pressure and higher provisions/expenses — Mortgage banking revenue and other noninterest income fell q/q and y/y; provision for credit losses rose in Q4 (to $1.8M) and noninterest expense included acquisition and tech consulting costs — potential short‑term pressure on margins. QuiverQuant / Press Release Summary

South Plains Financial Company Profile

South Plains Financial, Inc is the bank holding company for South Plains Bank, a community-oriented financial institution headquartered in Lubbock, Texas. The company operates as a full-service commercial bank, providing a broad spectrum of banking solutions to individuals, small businesses and agricultural clients. Its principal subsidiary, South Plains Bank, holds state and national banking charters and is subject to regulatory oversight by the Federal Reserve and various state banking authorities.

The company’s product offerings include traditional deposit accounts such as checking, savings and money market accounts, as well as time deposits.