SPFI - South Plains Financial Inc Stock Price, Fair Value and News

27.09USD+0.09 (+0.33%)Delayed as of 17 May 2024, 09:52 am ET

Market Summary

USD27.09+0.09

Delayedas of 17 May 2024, 09:52 am

0.33%

SPFI Alerts

1 major insider buys and 1 major insider sales recently.

SPFI Stock Price

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SPFI RSI Chart

SPFI Valuation

Market Cap

443.3M

Price/Earnings (Trailing)

6.89

Price/Sales (Trailing)

1.99

EV/EBITDA

0.31

Price/Free Cashflow

9.1

SPFI Price/Sales (Trailing)

SPFI Profitability

EBT Margin

36.63%

Return on Equity

15.75%

Return on Assets

1.53%

Free Cashflow Yield

10.99%

SPFI Fundamentals

SPFI Revenue

Revenue (TTM)

223.3M

Rev. Growth (Yr)

23.77%

Rev. Growth (Qtr)

2.61%

SPFI Earnings

Earnings (TTM)

64.4M

Earnings Growth (Yr)

17.63%

Earnings Growth (Qtr)

5.33%

Breaking Down SPFI Revenue

52 Week Range

20.7627.57

(Low)(High)

Last 7 days

-3.2%

Last 30 days

7.1%

Last 90 days

1.8%

Trailing 12 Months

26.4%

How does SPFI drawdown profile look like?

SPFI Financial Health

SPFI Investor Care

Dividend Yield

1.93%

Dividend/Share (TTM)

0.52

Buy Backs (1Y)

3.77%

Diluted EPS (TTM)

3.74

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	223.3M	0	0	0
2023	175.5M	185.6M	201.0M	212.0M
2022	135.1M	142.9M	149.5M	161.2M
2021	135.5M	134.5M	134.4M	135.0M
2020	136.7M	138.2M	139.0M	138.2M
2019	122.8M	126.9M	129.8M	132.9M
2018	0	0	0	118.1M

Get all data in R, Python etc through our Historical Stock Data APIs

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Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

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Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of South Plains Financial Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 06, 2024	valles noe g	bought	1,000,000	25.00	40,000	-
May 06, 2024	griffith curtis c	sold	-1,000,000	25.00	-40,000	chairman and ceo
Mar 18, 2024	newsom mikella d	acquired	-	-	960	chief risk officer & secretary
Mar 12, 2024	griffith curtis c	sold	-2,475,000	24.75	-100,000	chairman and ceo
Mar 08, 2024	griffith curtis c	sold	-610,523	25.27	-24,160	chairman and ceo
Mar 07, 2024	griffith curtis c	sold	-498,244	25.4544	-19,574	chairman and ceo
Mar 06, 2024	griffith curtis c	sold	-163,167	26.04	-6,266	chairman and ceo
Feb 27, 2024	griffith curtis c	sold	-1,250,000	25.00	-50,000	chairman and ceo
Feb 27, 2024	valles noe g	bought	1,250,000	25.00	50,000	-
Feb 21, 2024	newsom mikella d	acquired	-	-	2,404	chief risk officer & secretary

Which funds bought or sold SPFI recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 15, 2024	BARCLAYS PLC	reduced	-14.84	-340,000	1,251,000	-%
May 15, 2024	GOLDMAN SACHS GROUP INC	added	78.25	166,609	424,092	-%
May 15, 2024	Royal Bank of Canada	reduced	-23.79	-130,000	311,000	-%
May 15, 2024	PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	reduced	-4.13	-14,006	108,726	-%
May 15, 2024	TWO SIGMA INVESTMENTS, LP	added	48.32	90,183	333,563	-%
May 15, 2024	ENDEAVOUR CAPITAL ADVISORS INC	unchanged	-	-53,328	648,662	0.22%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	added	271	496,590	700,497	-%
May 15, 2024	BRIDGEWAY CAPITAL MANAGEMENT, LLC	added	3.82	-220,930	5,214,780	0.11%
May 15, 2024	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	added	3.28	-69,000	1,454,000	-%
May 15, 2024	CITADEL ADVISORS LLC	new	-	234,819	234,819	-%

Are Funds Buying or Selling SPFI?

Are funds buying SPFI calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own SPFI

No. of Funds

SPFI Alerts

1 major insider buys and 1 major insider sales recently.

Unveiling South Plains Financial Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	griffith curtis c	14.03%	2,315,158	SC 13G/A
Feb 14, 2024	campbell richard d	9.97%	1,637,525	SC 13G/A
Feb 08, 2024	blackrock inc.	7.4%	1,209,777	SC 13G/A
Feb 07, 2024	blackrock inc.	4.9%	619,410	SC 13G/A
Jan 31, 2024	blackrock inc.	5.0%	640,366	SC 13G
Jan 26, 2024	blackrock inc.	7.5%	1,239,794	SC 13G/A
Apr 10, 2023	south plains financial, inc.	2.36%	403,120	SC 13G/A
Mar 10, 2023	south plains financial, inc.	5.65%	963,929	SC 13G/A
Feb 14, 2023	griffith curtis c	14.8%	2,531,004	SC 13G/A
Feb 14, 2023	campbell richard d	9.9%	1,691,009	SC 13G/A

Recent SEC filings of South Plains Financial Inc

View All Filings

Date Filed	Form Type	Document
May 16, 2024	8-K	Current Report
May 08, 2024	4	Insider Trading
May 08, 2024	4	Insider Trading
May 06, 2024	10-Q	Quarterly Report
Apr 25, 2024	8-K	Current Report
Apr 18, 2024	8-K	Current Report
Apr 08, 2024	ARS	ARS
Apr 08, 2024	DEF 14A	DEF 14A
Mar 20, 2024	4	Insider Trading
Mar 15, 2024	10-K	Annual Report

Peers (Alternatives to South Plains Financial Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	581.4B	174.7B	11.99%	46.24%	11.55	3.33	53.11%	19.83%
BAC	306.7B	137.9B	13.09%	37.28%	12.25	2.22	56.12%	-12.56%
WFC	212.8B	85.8B	8.19%	50.84%	11.34	2.48	35.02%	26.14%
C	122.4B	125.0B	12.50%	36.26%	15.31	0.98	37.85%	-
CFG	16.6B	10.4B	12.65%	38.40%	11.61	1.6	26.22%	-33.87%
KEY	14.4B	8.1B	7.74%	50.49%	16.53	1.78	32.15%	-50.93%
MID-CAP
CMA	7.2B	4.2B	8.99%	43.16%	10.4	1.7	34.68%	-45.96%
ZION	6.6B	4.1B	13.27%	70.96%	10.5	1.62	32.93%	-30.73%
ABCB	3.5B	1.3B	12.98%	57.40%	12.27	2.64	30.60%	-12.99%
ASB	3.3B	2.0B	11.41%	42.76%	20.79	1.64	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	415.3M	173.1M	13.52%	27.11%	14.24	2.4	26.54%	-34.86%
ALRS	390.4M	152.4M	-1.25%	34.56%	39.27	2.56	16.94%	-73.84%
ACNB	289.6M	98.7M	3.86%	15.94%	9.84	2.93	6.27%	-22.90%
ASRV	47.2M	62.5M	11.11%	-5.26%	-15.95	0.75	18.83%	-145.18%

South Plains Financial Inc News

Latest updates

South Plains Financial Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	2.6%	59.00	57.00	57.00	51.00	47.00	46.00	41.00	41.00	33.00	35.00	34.00	33.00	33.00	34.00	35.00	34.00	36.00	35.00	34.00	33.00	32.00
EBITDA Margin	-3.6%	1.03*	1.06*	1.14*	1.25*	1.23*	1.36*	1.44*	1.48*	1.49*	1.49*	1.50*	1.52*	-	-	-	-	-	-	-	-	-
Interest Expenses	0.6%	35.00	35.00	36.00	35.00	34.00	36.00	35.00	37.00	30.00	31.00	31.00	30.00	30.00	30.00	31.00	30.00	30.00	29.00	27.00	25.00	25.00
Income Taxes	12.8%	3.00	3.00	4.00	8.00	2.00	3.00	4.00	4.00	4.00	4.00	4.00	3.00	4.00	4.00	4.00	1.00	2.00	3.00	2.00	2.00	1.00
Earnings Before Taxes	6.9%	14.00	13.00	17.00	37.00	12.00	16.00	19.00	20.00	18.00	18.00	19.00	17.00	19.00	20.00	21.00	7.00	9.00	13.00	10.00	8.00	6.00
EBT Margin	-2.2%	0.37*	0.37*	0.41*	0.46*	0.38*	0.45*	0.50*	0.52*	0.53*	0.54*	0.56*	0.57*	-	-	-	-	-	-	-	-	-
Net Income	5.3%	11.00	10.00	13.00	30.00	9.00	13.00	15.00	16.00	14.00	15.00	15.00	14.00	15.00	16.00	17.00	6.00	7.00	10.00	8.00	6.00	5.00
Net Income Margin	-2.6%	0.29*	0.30*	0.32*	0.36*	0.30*	0.36*	0.40*	0.42*	0.43*	0.43*	0.45*	0.46*	-	-	-	-	-	-	-	-	-
Free Cashflow	184.8%	19.00	7.00	25.00	-1.54	24.00	3.00	28.00	18.00	69.00	18.00	7.00	60.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	0.3%	4,219	4,205	4,186	4,150	4,058	3,944	3,993	3,975	4,000	3,902	3,774	3,713	3,733	3,599	3,543	3,585	3,217	3,237	2,796	2,777	2,746
Cash Equivalents	12.7%	372	330	352	296	328	235	330	376	529	487	328	384	413	300	291	256	136	158	245	408	339
Net PPE	-1.5%	54.00	55.00	56.00	56.00	56.00	56.00	57.00	57.00	57.00	58.00	59.00	59.00	59.00	60.00	61.00	62.00	62.00	62.00	59.00	60.00	60.00
Goodwill	-0.1%	19.00	19.00	19.00	19.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	-	20.00	19.00	0.00	-	-
Liabilities	0.3%	3,810	3,798	3,815	3,758	3,690	3,587	3,651	3,611	3,613	3,494	3,376	3,320	3,358	3,229	3,190	3,248	2,890	2,931	2,497	2,486	2,527
Short Term Borrowings	-	-	-	-	-	-	-	-	-	-	-	-	4.00	18.00	27.00	8.00	10.00	17.00	37.00	10.00	9.00	19.00
Shareholder's Equity	0.4%	409	407	372	392	368	357	342	364	387	407	398	393	375	370	353	337	327	306	299	291	160
Retained Earnings	2.5%	354	345	337	326	298	292	282	268	255	243	230	216	204	190	175	158	153	147	137	129	123
Additional Paid-In Capital	0.3%	97.00	97.00	103	111	113	113	117	125	131	133	136	140	141	141	141	141	141	140	140	140	80.00
Shares Outstanding	0.1%	16.00	16.00	17.00	17.00	17.00	17.00	17.00	17.00	18.00	18.00	18.00	18.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	276	-	-	-	306	-	-	-	309	-	-	-	191	-	-	-	220	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	192.1%	19,160	6,560	26,254	350	25,375	4,645	29,498	18,831	70,616	18,570	8,495	61,058	8,148	-28,218	42,425	-12,895	4,315	8,014	811	-7,670	29,329
Share Based Compensation	-9.6%	481	532	511	589	525	887	689	649	528	414	403	432	390	306	625	31.00	310	446	265	142	-
Cashflow From Investing	191.8%	12,497	-13,616	-3,950	-94,481	-31,329	-38,923	-98,033	-139,303	-132,598	16,939	-108,683	-52,588	-15,509	-10,364	44,661	-215,571	25,046	-145,847	-168,743	58,160	42,937
Cashflow From Financing	166.6%	10,124	-15,210	34,539	61,710	99,073	-60,801	22,807	-32,450	103,773	123,712	43,839	-37,927	120,460	48,004	-52,302	348,505	-51,398	51,287	4,461	18,216	21,155
Dividend Payments	-0.4%	2,127	2,136	2,190	2,211	2,208	2,039	2,084	1,939	1,950	1,601	1,617	1,263	904	904	541	542	541	540	539	-	-
Buy Backs	-99.4%	35.00	5,903	9,312	2,548	-	3,774	9,718	6,190	3,017	3,145	4,404	892	786	232	-	61.00	-	-	-	-	-

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SPFI Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest income:
Loans, including fees	$ 48,932	$ 39,597
Securities:
Taxable	5,511	5,240
Non-taxable	809	1,116
Federal funds sold and interest-bearing deposits in banks	3,475	1,495
Total interest income	58,727	47,448
Interest expense:
Deposits	21,663	11,370
Subordinated debt	835	1,012
Junior subordinated deferrable interest debentures	861	751
Total interest expense	23,359	13,133
Net interest income	35,368	34,315
Provision for credit losses	830	1,010
Net interest income, after provision for credit losses	34,538	33,305
Noninterest income:
Service charges on deposit accounts	1,813	1,701
Income from insurance activities	34	1,411
Net gain on sales of loans	2,654	2,918
Bank card services and interchange fees	3,061	2,956
Other mortgage banking income (loss)	1,291	(633)
Investment commissions	434	389
Fiduciary fees	754	600
Other	1,368	1,349
Total noninterest income	11,409	10,691
Noninterest expense:
Salaries and employee benefits	18,988	19,254
Occupancy and equipment, net	3,920	3,832
Professional services	1,483	1,648
Marketing and development	754	936
IT and data services	990	864
Bank card expenses	1,397	1,352
Appraisal expenses	227	278
Other	4,171	4,197
Total noninterest expense	31,930	32,361
Income before income taxes	14,017	11,635
Income tax expense	3,143	2,391
Net income	$ 10,874	$ 9,244
Earnings per share:
Basic (in dollars per share)	$ 0.66	$ 0.54
Diluted (in dollars per share)	$ 0.64	$ 0.53
Net income	$ 10,874	$ 9,244
Other comprehensive income (loss):
Unrealized gains (losses) on securities available for sale	(10,832)	8,624
Less: Change in fair value on hedged state and municipal securities	1,385	(2,638)
Tax effect	1,984	(1,257)
Other comprehensive income (loss)	(7,463)	4,729
Comprehensive income	$ 3,411	$ 13,973

SPFI Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash and due from banks	$ 41,273	$ 62,821
Interest-bearing deposits in banks	330,666	267,337
Cash and cash equivalents	371,939	330,158
Securities available for sale	599,869	622,762
Loans held for sale ($9,686 and $6,615 at fair value at March 31, 2024 and December 31, 2023, respectively)	15,751	14,499
Loans held for investment	3,011,799	3,014,153
Allowance for credit losses on loans	(42,174)	(42,356)
Loans held for investment, net	2,969,625	2,971,797
Accrued interest receivable	16,605	20,881
Premises and equipment, net	54,221	55,070
Bank-owned life insurance	74,879	74,504
Goodwill	19,315	19,315
Intangible assets, net	2,247	2,429
Mortgage servicing rights	26,843	26,569
Deferred tax asset, net	21,309	19,413
Other assets	46,390	47,396
Total assets	4,218,993	4,204,793
Deposits:
Noninterest-bearing	974,174	974,201
Interest-bearing	2,664,397	2,651,952
Total deposits	3,638,571	3,626,153
Accrued expenses and other liabilities	61,496	61,358
Subordinated debt	63,821	63,775
Junior subordinated deferrable interest debentures	46,393	46,393
Total liabilities	3,810,281	3,797,679
Stockholders' equity:
Common stock, $1.00 par value per share, 30,000,000 shares authorized; 16,431,755 and 16,417,099 issued and outstanding at March 31, 2024 and December 31, 2023, respectively	16,432	16,417
Additional paid-in capital	97,406	97,107
Retained earnings	354,011	345,264
Accumulated other comprehensive loss	(59,137)	(51,674)
Total stockholders' equity	408,712	407,114
Total liabilities and stockholders' equity	$ 4,218,993	$ 4,204,793

About South Plains Financial Inc

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. The company also provides commercial real estate loans; general and specialized commercial loans, including agricultural production and real estate, energy, finance, investment, and insurance loans, as well as loans to goods, services, restaurant and retail, construction, and other industries; residential construction loans; and 1-4 family residential loans, auto loans, and other loans for recreational vehicles or other purposes. In addition, it offers crop insurance products; trust products and services; investment services; mortgage banking services; online and mobile banking services; and debit and credit cards. The company was founded in 1941 and is headquartered in Lubbock, Texas.

CEO	Mr. Curtis C. Griffith
WEBSITE	spfi.bank
INDUSTRY	Banks Diversified
EMPLOYEES	600

South Plains Financial Inc Frequently Asked Questions

What is the ticker symbol for South Plains Financial Inc? What does SPFI stand for in stocks?

SPFI is the stock ticker symbol of South Plains Financial Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of South Plains Financial Inc (SPFI)?

As of Thu May 16 2024, market cap of South Plains Financial Inc is 443.32 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of SPFI stock?

You can check SPFI's fair value in chart for subscribers.

What is the fair value of SPFI stock?

You can check SPFI's fair value in chart for subscribers. The fair value of South Plains Financial Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of South Plains Financial Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for SPFI so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is South Plains Financial Inc a good stock to buy?

The fair value guage provides a quick view whether SPFI is over valued or under valued. Whether South Plains Financial Inc is cheap or expensive depends on the assumptions which impact South Plains Financial Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for SPFI.

What is South Plains Financial Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu May 16 2024, SPFI's PE ratio (Price to Earnings) is 6.89 and Price to Sales (PS) ratio is 1.99. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. SPFI PE ratio will change depending on the future growth rate expectations of investors.