South Plains Financial (SPFI) Projected to Post Quarterly Earnings on Friday

South Plains Financial (NASDAQ:SPFI) will likely be releasing its earnings data before the market opens on Friday, January 24th. Analysts expect South Plains Financial to post earnings of $0.67 per share and revenue of $49,160.00 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

South Plains Financial (NASDAQ:SPFI) last posted its earnings results on Wednesday, October 23rd. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. South Plains Financial had a return on equity of 10.39% and a net margin of 15.51%. The firm had revenue of $72.28 million during the quarter, compared to the consensus estimate of $48.90 million. During the same period in the prior year, the company earned $0.78 EPS. 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 2.2 %

Shares of SPFI opened at $34.55 on Thursday. South Plains Financial has a fifty-two week low of $24.05 and a fifty-two week high of $40.90. The stock has a market capitalization of $566.27 million, a PE ratio of 13.44 and a beta of 0.62. The company’s fifty day moving average is $36.69 and its 200 day moving average is $34.35. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 0.92.

Analysts Set New Price Targets

Separately, Hovde Group lifted their price target on South Plains Financial from $36.00 to $41.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th.

Insider Buying and Selling at South Plains Financial

In other news, CEO Curtis C. Griffith sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $33.50, for a total value of $1,675,000.00. Following the completion of the sale, the chief executive officer now owns 865,967 shares in the company, valued at approximately $29,009,894.50. This trade represents a 5.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.