South Plains Financial (NASDAQ:SPFI) Issues Quarterly Earnings Results

South Plains Financial (NASDAQ:SPFI) issued its quarterly earnings results on Monday. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.32, Fidelity Earnings reports. The business had revenue of $36.62 million for the quarter.

Shares of SPFI opened at $16.87 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 1.13. The firm’s 50-day simple moving average is $17.78. South Plains Financial has a 12-month low of $16.04 and a 12-month high of $18.70.

A number of analysts have recently issued reports on SPFI shares. Keefe, Bruyette & Woods started coverage on South Plains Financial in a research report on Monday, June 3rd. They set an “outperform” rating and a $22.00 price target for the company. Sandler O’Neill started coverage on South Plains Financial in a research report on Monday, June 3rd. They set a “buy” rating and a $21.00 price target for the company.



In other news, President Cory T. Newsom bought 5,500 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was bought at an average price of $17.50 per share, for a total transaction of $96,250.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Steven B. Crockett bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was purchased at an average price of $17.50 per share, with a total value of $87,500.00. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 11,050 shares of company stock valued at $193,375.

About South Plains Financial

There is no company description available for South Plains Financial Inc

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