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

South Plains Financial (NASDAQ:SPFI) is projected to release 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. Parties that are interested in participating in the company’s conference call can do so using this link.

South Plains Financial (NASDAQ:SPFI) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.01. The business had revenue of $72.28 million for the quarter, compared to analysts’ expectations 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 prior year, the firm 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 Stock Down 2.2 %

South Plains Financial stock opened at $34.55 on Thursday. South Plains Financial has a 12 month low of $24.05 and a 12 month high of $40.90. The stock has a fifty day simple moving average of $36.69 and a two-hundred day simple moving average of $34.35. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. The firm has a market cap of $566.27 million, a price-to-earnings ratio of 13.44 and a beta of 0.62.

Wall Street Analysts Forecast Growth

Separately, Hovde Group boosted their target price 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 South Plains Financial news, CEO Curtis C. Griffith sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $33.50, for a total transaction of $1,675,000.00. Following the completion of the sale, the chief executive officer now directly owns 865,967 shares of the company’s stock, valued at approximately $29,009,894.50. This represents a 5.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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.