South Plains Financial (SPFI) Scheduled to Post 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. Investors interested in participating in the company’s conference call can do so using this link.

South Plains Financial (NASDAQ:SPFI) last issued its quarterly earnings data on Friday, January 26th. The company reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.04). The company had revenue of $66.38 million for the quarter, compared to the consensus estimate 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 previous year, the company earned $0.71 earnings per share. 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 Stock Performance

SPFI stock opened at $26.12 on Tuesday. The stock’s fifty day moving average is $25.82 and its two-hundred day moving average is $26.86. The stock has a market capitalization of $429.15 million, a price-to-earnings ratio of 7.20 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. South Plains Financial has a 1 year low of $18.75 and a 1 year high of $30.22.

South Plains Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Monday, April 29th will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, April 26th. This represents a $0.56 annualized dividend and a yield of 2.14%. South Plains Financial’s dividend payout ratio is presently 14.33%.

Analyst Upgrades and Downgrades

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

Insider Transactions at South Plains Financial

In related news, CEO Curtis C. Griffith sold 100,000 shares of South Plains Financial stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $24.75, for a total transaction of $2,475,000.00. Following the sale, the chief executive officer now directly owns 1,103,797 shares in the company, valued at $27,318,975.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other South Plains Financial news, CEO Curtis C. Griffith sold 50,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 1,253,797 shares in the company, valued at $31,344,925. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Curtis C. Griffith sold 100,000 shares of South Plains Financial stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $24.75, for a total value of $2,475,000.00. Following the transaction, the chief executive officer now owns 1,103,797 shares in the company, valued at $27,318,975.75. The disclosure for this sale can be found here. Company 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.