South Plains Financial (NASDAQ:SPFI – Get Rating)‘s stock had its “outperform” rating reaffirmed by research analysts at Raymond James in a report released on Friday, The Fly reports. They currently have a $26.00 target price on the stock. Raymond James’ target price points to a potential upside of 18.45% from the company’s current price.
South Plains Financial Trading Down 4.3 %
Shares of SPFI stock opened at $21.95 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of $26.85 and a two-hundred day moving average price of $28.31. South Plains Financial has a 12-month low of $21.59 and a 12-month high of $31.96. The firm has a market cap of $374.25 million, a P/E ratio of 6.80 and a beta of 0.65.
South Plains Financial (NASDAQ:SPFI – Get Rating) last issued its quarterly earnings results on Thursday, January 26th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.09. South Plains Financial had a return on equity of 16.08% and a net margin of 24.56%. The firm had revenue of $49.00 million during the quarter, compared to analyst estimates of $50.80 million. Equities analysts anticipate that South Plains Financial will post 2.55 EPS for the current fiscal year.
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About South Plains Financial
South Plains Financial, Inc is a bank holding company, which engages in the provision of commercial and retail banking services through its subsidiary, City Bank. The firm also offers insurance, investment, trust and mortgage services through its other non-bank subsidiaries. It operates through the Community Banking and Insurance business segments.
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