South Plains Financial (SPFI) Expected to Announce Earnings on Friday

South Plains Financial (NASDAQ:SPFI) will likely be issuing its quarterly earnings data before the market opens on Friday, January 24th. Analysts expect the company to announce earnings of $0.67 per share and revenue of $49,160.00 billion 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 released its earnings results on Wednesday, October 23rd. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.01. The company had revenue of $72.28 million during the quarter, compared to the consensus estimate of $48.90 million. South Plains Financial had a return on equity of 10.39% and a net margin of 15.51%. During the same period in the previous year, the company posted $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 0.3 %

Shares of SPFI stock opened at $34.67 on Friday. South Plains Financial has a fifty-two week low of $24.05 and a fifty-two week high of $40.90. The company has a 50 day moving average price of $36.97 and a 200 day moving average price of $34.09. The stock has a market capitalization of $568.24 million, a P/E ratio of 13.49 and a beta of 0.62. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 0.92.

Insider Activity at South Plains Financial

In other South Plains Financial news, CEO Curtis C. Griffith sold 50,000 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now owns 865,967 shares in the company, valued at $29,009,894.50. This represents a 5.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 25.39% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

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.