Financial Services - Banks - Regional - NASDAQ - US
$ 38.88
0.206 %
$ 637 M
Market Cap
15.13
P/E
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.[ Read More ]
The intrinsic value of one SPFI stock under the base case scenario is HIDDEN Compared to the current market price of 38.9 USD, South Plains Financial, Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart SPFI
FINANCIALS
211 M
REVENUE
79.4 M
OPERATING INCOME
62.7 M
NET INCOME
58.5 M
OPERATING CASH FLOW
-143 M
INVESTING CASH FLOW
180 M
FINANCING CASH FLOW
37.5 M
REVENUE
0
OPERATING INCOME
11.2 M
NET INCOME
20.7 M
OPERATING CASH FLOW
60.9 M
INVESTING CASH FLOW
91.6 M
FINANCING CASH FLOW
Balance Sheet Decomposition
South Plains Financial, Inc.
| Current Assets | 706 M |
| Cash & Short-Term Investments | 686 M |
| Receivables | 20.9 M |
| Other Current Assets | 0 |
| Non-Current Assets | 4.53 B |
| Long-Term Investments | 623 M |
| PP&E | 63.8 M |
| Other Non-Current Assets | 3.84 B |
| Current Liabilities | 51.3 M |
| Accounts Payable | 0 |
| Short-Term Debt | 0 |
| Other Current Liabilities | 51.3 M |
| Non-Current Liabilities | 3.75 B |
| Long-Term Debt | 110 M |
| Other Non-Current Liabilities | 3.64 B |
EFFICIENCY
Earnings Waterfall
South Plains Financial, Inc.
| Revenue | 211 M |
| Cost Of Revenue | 0 |
| Gross Profit | 211 M |
| Operating Expenses | 132 M |
| Operating Income | 79.4 M |
| Other Expenses | 16.7 M |
| Net Income | 62.7 M |
RATIOS
100.00%
GROSS MARGIN
37.65%
OPERATING MARGIN
29.74%
NET MARGIN
15.41%
ROE
1.49%
ROA
12.13%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
South Plains Financial, Inc.
| Net Income | 62.7 M |
| Depreciation & Amortization | 6.41 M |
| Capital Expenditures | -4.68 M |
| Stock-Based Compensation | 2.16 M |
| Change in Working Capital | -5.84 M |
| Others | -12.9 M |
| Free Cash Flow | 53.9 M |
Wall Street Analysts Price Targets
South Plains Financial, Inc.
Wall Street analysts predict an average 1-year price target for SPFI of $36 , with forecasts ranging from a low of $36 to a high of $36 .
SPFI Lowest Price Target
Wall Street Target
36 USD
-7.41%
SPFI Average Price Target
Wall Street Target
36 USD
-7.41%
SPFI Highest Price Target
Wall Street Target
36 USD
-7.41%
4. DIVIDEND ANALYSIS
0.41%
DIVIDEND YIELD
0.15 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
South Plains Financial, Inc.
Sold
0-3 MONTHS
1.68 M USD 1
3-6 MONTHS
3.26 M USD 1
6-9 MONTHS
6 M USD 1
9-12 MONTHS
2.35 M USD 2
Bought
1.68 M USD 1
0-3 MONTHS
1.5 M USD 1
3-6 MONTHS
2.25 M USD 1
6-9 MONTHS
810 K USD 1
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
1 week ago
Nov 05, 2024
|
Sell 1.68 M USD
|
Griffith Curtis C
Chairman and CEO |
- 50000
|
33.5 USD |
|
1 week ago
Nov 05, 2024
|
Bought 1.68 M USD
|
Valles Noe G
Director |
+ 50000
|
33.5 USD |
|
3 months ago
Aug 15, 2024
|
Bought 1.5 M USD
|
Valles Noe G
Director |
+ 50000
|
30 USD |
|
3 months ago
Aug 15, 2024
|
Sell 1.5 M USD
|
Griffith Curtis C
Chairman and CEO |
- 50000
|
30 USD |
|
3 months ago
Aug 02, 2024
|
Sell 49.6 K USD
|
Griffith Curtis C
Chairman and CEO |
- 1599
|
31 USD |
|
3 months ago
Aug 05, 2024
|
Sell 289 K USD
|
Griffith Curtis C
Chairman and CEO |
- 9591
|
30.1 USD |
|
3 months ago
Aug 06, 2024
|
Sell 640 K USD
|
Griffith Curtis C
Chairman and CEO |
- 21340
|
30 USD |
|
3 months ago
Jul 30, 2024
|
Sell 165 K USD
|
Griffith Curtis C
Chairman and CEO |
- 5000
|
33 USD |
|
3 months ago
Jul 31, 2024
|
Sell 411 K USD
|
Griffith Curtis C
Chairman and CEO |
- 12470
|
32.96 USD |
|
5 months ago
Jun 13, 2024
|
Sell 79.6 K USD
|
Griffith Curtis C
Chairman and CEO |
- 3000
|
26.54 USD |
|
5 months ago
Jun 13, 2024
|
Sell 125 K USD
|
Griffith Curtis C
Chairman and CEO |
- 4830
|
25.86 USD |
|
6 months ago
May 06, 2024
|
Sell 1 M USD
|
Griffith Curtis C
Chairman and CEO |
- 40000
|
25 USD |
|
6 months ago
May 06, 2024
|
Bought 1 M USD
|
Valles Noe G
Director |
+ 40000
|
25 USD |
|
8 months ago
Mar 12, 2024
|
Sell 2.48 M USD
|
Griffith Curtis C
Chairman and CEO |
- 100000
|
24.75 USD |
|
8 months ago
Mar 06, 2024
|
Sell 163 K USD
|
Griffith Curtis C
Chairman and CEO |
- 6266
|
26.04 USD |
|
8 months ago
Mar 07, 2024
|
Sell 478 K USD
|
Griffith Curtis C
Chairman and CEO |
- 18778
|
25.43 USD |
|
8 months ago
Mar 07, 2024
|
Sell 20.7 K USD
|
Griffith Curtis C
Chairman and CEO |
- 796
|
26.03 USD |
|
8 months ago
Mar 08, 2024
|
Sell 611 K USD
|
Griffith Curtis C
Chairman and CEO |
- 24160
|
25.27 USD |
|
8 months ago
Feb 27, 2024
|
Sell 1.25 M USD
|
Griffith Curtis C
Chairman and CEO |
- 50000
|
25 USD |
|
8 months ago
Feb 27, 2024
|
Bought 1.25 M USD
|
Valles Noe G
Director |
+ 50000
|
25 USD |
|
9 months ago
Feb 06, 2024
|
Bought 810 K USD
|
Valles Noe G
Director |
+ 30000
|
27 USD |
|
9 months ago
Feb 06, 2024
|
Sell 810 K USD
|
Griffith Curtis C
Chairman and CEO |
- 30000
|
27 USD |
|
9 months ago
Jan 31, 2024
|
Sell 45 K USD
|
Griffith Curtis C
Chairman and CEO |
- 1600
|
28.1 USD |
|
11 months ago
Dec 13, 2023
|
Sell 1.5 M USD
|
Campbell Richard D
Director |
- 54400
|
27.5 USD |
|
1 year ago
Aug 11, 2023
|
Bought 618 K USD
|
Valles Noe G
Director |
+ 23000
|
26.88 USD |
|
1 year ago
Aug 11, 2023
|
Sell 618 K USD
|
Griffith Curtis C
Chairman and CEO |
- 23000
|
26.88 USD |
|
1 year ago
Jun 14, 2023
|
Bought 36.4 K USD
|
Griffith Curtis C
Chairman and CEO |
+ 1500
|
24.24 USD |
|
1 year ago
Jun 13, 2023
|
Bought 35.7 K USD
|
Griffith Curtis C
Chairman and CEO |
+ 1500
|
23.82 USD |
|
1 year ago
Jun 14, 2023
|
Bought 36.4 K USD
|
Griffith Curtis C
Chairman and CEO |
+ 1500
|
24.24 USD |
|
1 year ago
Jun 13, 2023
|
Bought 35.7 K USD
|
Griffith Curtis C
Chairman and CEO |
+ 1500
|
23.82 USD |
|
1 year ago
Jun 09, 2023
|
Bought 7.96 K USD
|
Newsom Cory T
President |
+ 335
|
23.75 USD |
|
1 year ago
Jun 07, 2023
|
Bought 82.4 K USD
|
Newsom Cory T
President |
+ 3500
|
23.53 USD |
|
1 year ago
Jun 09, 2023
|
Bought 15.3 K USD
|
Newsom Cory T
President |
+ 643
|
23.84 USD |
|
2 years ago
Nov 08, 2022
|
Sell 182 K USD
|
Campbell Richard D
Director |
- 6000
|
30.39 USD |
|
2 years ago
Nov 09, 2022
|
Sell 131 K USD
|
Campbell Richard D
Director |
- 4300
|
30.47 USD |
|
2 years ago
Nov 03, 2022
|
Sell 870 K USD
|
Campbell Richard D
Director |
- 30000
|
29 USD |
|
2 years ago
Nov 03, 2022
|
Sell 151 K USD
|
Campbell Richard D
Director |
- 5000
|
30.23 USD |
|
2 years ago
Nov 04, 2022
|
Sell 307 K USD
|
Campbell Richard D
Director |
- 10000
|
30.74 USD |
|
2 years ago
Nov 07, 2022
|
Sell 145 K USD
|
Campbell Richard D
Director |
- 4701
|
30.78 USD |
|
2 years ago
Nov 03, 2022
|
Bought 870 K USD
|
Valles Noe G
Director |
+ 30000
|
29 USD |
|
2 years ago
Aug 29, 2022
|
Sell 664 K USD
|
Griffith Curtis C
Chairman and CEO |
- 25000
|
26.57 USD |
|
2 years ago
Aug 29, 2022
|
Bought 664 K USD
|
Valles Noe G
director: |
+ 25000
|
26.57 USD |
|
4 years ago
Jun 01, 2020
|
Bought 6.5 K USD
|
Griffith Curtis C
Chairman and CEO |
+ 500
|
13 USD |
|
4 years ago
May 29, 2020
|
Bought 5.34 K USD
|
Wargo Kyle R
Director |
+ 400
|
13.35 USD |
|
4 years ago
May 27, 2020
|
Bought 5.3 K USD
|
Wargo Kyle R
Director |
+ 400
|
13.25 USD |
|
4 years ago
May 26, 2020
|
Bought 19.7 K USD
|
Griffith Curtis C
Chairman & CEO |
+ 1500
|
13.11 USD |
|
4 years ago
May 22, 2020
|
Bought 19.4 K USD
|
Griffith Curtis C
Chairman & CEO |
+ 1500
|
12.9647 USD |
|
4 years ago
Mar 13, 2020
|
Bought 16.5 K USD
|
Griffith Curtis C
Chairman & CEO |
+ 1000
|
16.51 USD |
|
4 years ago
Mar 13, 2020
|
Bought 72.6 K USD
|
Campbell Richard D
Director |
+ 4380
|
16.5825 USD |
|
4 years ago
Mar 12, 2020
|
Bought 150 K USD
|
Campbell Richard D
Director |
+ 9407
|
15.9938 USD |
|
4 years ago
Mar 12, 2020
|
Bought 1.67 K USD
|
Campbell Richard D
Director |
+ 100
|
16.67 USD |
|
4 years ago
Mar 12, 2020
|
Bought 48.6 K USD
|
Campbell Richard D
Director |
+ 3087
|
15.7553 USD |
|
4 years ago
Mar 12, 2020
|
Bought 33.1 K USD
|
Griffith Curtis C
Chairman & CEO |
+ 2000
|
16.5479 USD |
|
4 years ago
Mar 11, 2020
|
Bought 17.6 K USD
|
Griffith Curtis C
Chairman & CEO |
+ 1000
|
17.623 USD |
|
4 years ago
Mar 12, 2020
|
Bought 34.4 K USD
|
Newsom Cory T
President |
+ 2000
|
17.2144 USD |
|
4 years ago
Mar 11, 2020
|
Bought 17.9 K USD
|
Newsom Cory T
President |
+ 1000
|
17.9437 USD |
|
5 years ago
May 13, 2019
|
Bought 99.8 K USD
|
Wargo Kyle R
Director |
+ 5700
|
17.5 USD |
|
5 years ago
May 13, 2019
|
Bought 4.55 K USD
|
Valles Noe G
Director |
+ 260
|
17.5 USD |
|
5 years ago
May 13, 2019
|
Bought 9.62 K USD
|
Newsom Mikella D
Chief Risk Officer & Secretary |
+ 550
|
17.5 USD |
|
5 years ago
May 13, 2019
|
Bought 96.2 K USD
|
Newsom Cory T
President |
+ 5500
|
17.5 USD |
|
5 years ago
May 13, 2019
|
Bought 43.8 K USD
|
Navitskas Allison
Director |
+ 2500
|
17.5 USD |
|
5 years ago
May 13, 2019
|
Bought 43.8 K USD
|
Keith Cynthia B
Director |
+ 2500
|
17.5 USD |
|
5 years ago
May 13, 2019
|
Bought 87.5 K USD
|
Griffith Curtis C
Chairman & CEO |
+ 5000
|
17.5 USD |
|
5 years ago
May 13, 2019
|
Bought 17.5 K USD
|
Deterding Kelly L.
|
+ 1000
|
17.5 USD |
|
5 years ago
May 13, 2019
|
Bought 87.5 K USD
|
Crockett Steven B
CFO and Treasurer |
+ 5000
|
17.5 USD |
|
5 years ago
May 13, 2019
|
Sell 11.9 M USD
|
Campbell Richard D
Director |
- 680000
|
17.5 USD |
|
5 years ago
May 13, 2019
|
Bought 48.1 K USD
|
Bass Kevin R
Chief Credit Officer |
+ 2750
|
17.5 USD |
7. News
6 Upcoming Dividend Increases
My investment strategy focuses on buying, holding, and adding to companies that consistently increase dividends and outperform benchmarks. I merge data from the "U.S. Dividend Champions" spreadsheet and NASDAQ to identify companies with a minimum of five years of dividend growth. All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List.
seekingalpha.com
- 3 weeks ago
South Plains Financial, Inc. (SPFI) Q3 2024 Earnings Call Transcript
South Plains Financial, Inc. (NASDAQ:SPFI ) Q3 2024 Earnings Conference Call October 23, 2024 5:00 PM ET Company Participants Steve Crockett – Chief Financial Officer and Treasurer Curtis Griffith – Chairman and Chief Executive Officer Cory Newsom – President Brent Bates – Chief Credit Officer Conference Call Participants Brett Rabatin – Hovde Group Woody Lay – KBW Joe Yanchunis – Raymond James Operator Good afternoon, ladies and gentlemen, and welcome to South Plains Financial, Inc. Third Quarter 2024 Earnings Conference Call. During today's presentation, all parties will be in a listen-only mode.
seekingalpha.com
- 3 weeks ago
South Plains Financial (SPFI) Reports Q3 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for South Plains Financial (SPFI) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
zacks.com
- 3 weeks ago
South Plains Financial (SPFI) Q3 Earnings Surpass Estimates
South Plains Financial (SPFI) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.78 per share a year ago.
zacks.com
- 3 weeks ago
South Plains Financial, Inc. Reports Third Quarter 2024 Financial Results
LUBBOCK, Texas, Oct. 23, 2024 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank (“City Bank” or the “Bank”), today reported its financial results for the quarter ended September 30, 2024.
globenewswire.com
- 3 weeks ago
Buy These 4 Stocks With Recent Dividend Hikes, Strong Upside
South Plains Financial (SPFI), Prosperity Bancshares (PB), Penske Automotive Group (PAG) and Bank First (BFC) recently announced dividend hikes.
zacks.com
- 3 weeks ago
South Plains Financial, Inc. Announces 7% Increase to Quarterly Cash Dividend
LUBBOCK, Texas, Oct. 17, 2024 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains”), the parent company of City Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per share of common stock, a 7% increase from the most recent quarterly cash dividend declared in July 2024. The dividend is payable on November 12, 2024 to shareholders of record as of the close of business on October 28, 2024.
globenewswire.com
- 4 weeks ago
Analysts Estimate South Plains Financial (SPFI) to Report a Decline in Earnings: What to Look Out for
South Plains Financial (SPFI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
zacks.com
- 1 month ago
South Plains Financial, Inc. Announces Third Quarter 2024 Earnings Call
LUBBOCK, Texas, Oct. 09, 2024 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank, today announced that its third quarter 2024 financial results will be released after market close on Wednesday, October 23, 2024. The Company will host a conference call and webcast at 5:00 p.m. ET on the same day to discuss the financial results.
globenewswire.com
- 1 month ago
Bears are Losing Control Over South Plains Financial (SPFI), Here's Why It's a 'Buy' Now
After losing some value lately, a hammer chart pattern has been formed for South Plains Financial (SPFI), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.
zacks.com
- 1 month ago
South Plains Financial (SPFI) Upgraded to Strong Buy: What Does It Mean for the Stock?
South Plains Financial (SPFI) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
zacks.com
- 1 month ago
Should Value Investors Buy South Plains Financial (SPFI) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
zacks.com
- 3 months ago
8. Profile Summary
South Plains Financial, Inc. SPFI
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 637 M
Dividend Yield
0.41%
Description
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 operates 25 full-service banking locations; and 15 loan production offices located throughout Texas and Eastern New Mexico. South Plains Financial, Inc. was founded in 1941 and is headquartered in Lubbock, Texas.
Contact
5219 City Bank Parkway, Lubbock, TX, 79407
https://www.spfi.bank
IPO Date
May 9, 2019
Employees
547
Officers
Mr. Curtis C. Griffith
Chairman & Chief Executive Officer
Ms. Mikella D. Newsom
Chief Risk Officer & Secretary
Mr. Cory T. Newsom
President & Director
Mr. Kelly L. Deterding
President of Windmark Insurance & Senior Vice President of Insurance Development of City Bank