South Plains Financial (SPFI) Scheduled to Post Earnings on Thursday

South Plains Financial (NASDAQ:SPFI) will be posting its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect South Plains Financial to post earnings of $0.58 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

South Plains Financial (NASDAQ:SPFI) last announced 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 business had revenue of $66.38 million during 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 period in the prior year, the firm earned $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 Stock Up 1.1 %

South Plains Financial stock opened at $26.40 on Wednesday. The company has a fifty day simple moving average of $25.85 and a 200 day simple moving average of $26.86. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.27. South Plains Financial has a 1-year low of $18.75 and a 1-year high of $30.22. The company has a market cap of $433.75 million, a P/E ratio of 7.27 and a beta of 0.56.

South Plains Financial Announces Dividend

The business also recently announced 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. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, April 26th. South Plains Financial’s dividend payout ratio is currently 14.33%.

Insider Buying and Selling at South Plains Financial

In other news, CEO Curtis C. Griffith sold 50,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $25.00, for a total transaction of $1,250,000.00. Following the transaction, the chief executive officer now directly owns 1,253,797 shares in the company, valued at approximately $31,344,925. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 on Tuesday, February 6th. The shares were purchased at an average price of $27.00 per share, for a total transaction of $810,000.00. Following the completion of the purchase, the director now directly owns 195,512 shares of the company’s stock, valued at $5,278,824. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Curtis C. Griffith sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were 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 of the company’s stock, valued at $31,344,925. The disclosure for this sale can be found here. Corporate insiders own 25.39% of the company’s stock.

Wall Street Analyst Weigh In

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

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.