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

26.73USD+0.33 (+1.25%)Market Closed

Market Summary

USD26.73+0.33

Market Closed

1.25%

SPFI Stock Price

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SPFI RSI Chart

SPFI Valuation

Market Cap

439.3M

Price/Earnings (Trailing)

Price/Sales (Trailing)

2.07

EV/EBITDA

0.48

Price/Free Cashflow

8.16

SPFI Price/Sales (Trailing)

SPFI Profitability

EBT Margin

37.46%

Return on Equity

15.41%

Return on Assets

1.49%

Free Cashflow Yield

12.26%

SPFI Fundamentals

SPFI Revenue

Revenue (TTM)

212.0M

Rev. Growth (Yr)

23.81%

Rev. Growth (Qtr)

1.25%

SPFI Earnings

Earnings (TTM)

62.7M

Earnings Growth (Yr)

-18.2%

Earnings Growth (Qtr)

-23.49%

Breaking Down SPFI Revenue

Last 7 days

5.6%

Last 30 days

1.5%

Last 90 days

-6.0%

Trailing 12 Months

30.9%

How does SPFI drawdown profile look like?

SPFI Financial Health

SPFI Investor Care

Dividend Yield

1.95%

Dividend/Share (TTM)

0.52

Buy Backs (1Y)

3.61%

Diluted EPS (TTM)

3.63

Historical Charts for Stock Metrics

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

Net sales

Year	Q1	Q2	Q3	Q4
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

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
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

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

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

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
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
Feb 21, 2024	crockett steven b	acquired	-	-	7,804	cfo and treasurer
Feb 16, 2024	crockett steven b	sold (taxes)	-19,754	26.2	-754	cfo and treasurer

Which funds bought or sold SPFI recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	AMALGAMATED BANK	reduced	-66.39	-21,000	10,000	-%
Apr 23, 2024	Venturi Wealth Management, LLC	reduced	-3.57	-317,120	2,594,140	0.17%
Apr 23, 2024	Gradient Investments LLC	sold off	-100	-251,141	-	-%
Apr 22, 2024	Arista Wealth Management, LLC	unchanged	-	-26,778	325,723	0.25%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	15,382	176,772	-%
Apr 19, 2024	Copeland Capital Management, LLC	sold off	-100	-28,815	-	-%
Apr 09, 2024	MASSMUTUAL TRUST CO FSB/ADV	new	-	268	268	-%
Apr 05, 2024	CWM, LLC	added	13.33	-	2,000	-%
Mar 22, 2024	PNC Financial Services Group, Inc.	sold off	-100	-2,168	-	-%
Mar 11, 2024	VANGUARD GROUP INC	reduced	-5.8	471,640	15,335,400	-%

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

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
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
Mar 13, 2024	4	Insider Trading
Mar 11, 2024	144/A	144/A
Mar 08, 2024	4	Insider Trading
Mar 05, 2024	144	Notice of Insider Sale Intent
Feb 29, 2024	4	Insider Trading

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	556.1B	171.1B	-0.89%	40.25%	11.22	3.25	60.72%	31.52%
BAC	301.8B	130.3B	3.99%	32.91%	11.38	2.32	79.51%	-3.68%
WFC	216.8B	85.7B	6.82%	49.45%	11.33	2.53	41.49%	39.96%
C	119.4B	133.3B	2.49%	30.42%	12.94	0.9	79.09%	-
CFG	16.3B	10.2B	0.65%	23.03%	10.13	1.6	44.53%	-22.43%
KEY	13.9B	7.9B	-1.71%	42.46%	14.42	1.76	46.47%	-49.56%
MID-CAP
CMA	7.0B	4.2B	1.67%	30.02%	7.96	1.68	56.25%	-23.46%
ZION	6.2B	3.9B	2.80%	57.76%	9.19	1.58	45.91%	-25.03%
ABCB	3.3B	1.3B	2.99%	50.41%	12.38	2.6	43.24%	-22.35%
ASB	3.2B	2.0B	3.49%	25.83%	17.62	1.65	70.97%	-50.03%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	414.5M	164.9M	-2.10%	42.66%	35.44	2.51	42.66%	-70.76%
AROW	380.2M	162.6M	-5.51%	7.64%	12.64	2.34	25.39%	-38.37%
ACNB	289.0M	96.6M	-4.81%	8.26%	9.12	2.99	11.02%	-11.37%
ASRV	47.3M	60.9M	2.22%	-5.80%	-14.14	0.78	24.06%	-144.92%

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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	1.3%	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	32.00
EBITDA Margin	-6.9%	1.06*	1.14*	1.25*	1.23*	1.36*	1.44*	1.48*	1.49*	1.49*	1.50*	1.52*	1.44*	-	-	-	-	-	-	-	-	-
Interest Expenses	-1.5%	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	25.00
Income Taxes	-24.3%	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	2.00
Earnings Before Taxes	-23.7%	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	7.00
EBT Margin	-8.6%	0.37*	0.41*	0.46*	0.38*	0.45*	0.50*	0.52*	0.53*	0.54*	0.56*	0.57*	0.49*	-	-	-	-	-	-	-	-	-
Net Income	-23.5%	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	6.00
Net Income Margin	-8.5%	0.30*	0.32*	0.36*	0.30*	0.36*	0.40*	0.42*	0.43*	0.43*	0.45*	0.46*	0.39*	-	-	-	-	-	-	-	-	-
Free Cashflow	-73.8%	7.00	25.00	-1.54	24.00	3.00	28.00	18.00	69.00	18.00	7.00	60.00	8.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	0.4%	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	2,713
Cash Equivalents	-6.3%	330	352	296	328	235	330	376	529	487	328	384	413	300	291	256	136	158	245	408	339	246
Net PPE	-2.3%	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	60.00
Goodwill	0%	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	-0.4%	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	2,500
Short Term Borrowings	-	-	-	-	-	-	-	-	-	-	-	4.00	18.00	27.00	8.00	10.00	17.00	37.00	10.00	9.00	19.00	18.00
Shareholder's Equity	9.5%	407	372	392	368	357	342	364	387	407	398	393	375	370	353	337	327	306	299	291	160	155
Retained Earnings	2.4%	345	337	326	298	292	282	268	255	243	230	216	204	190	175	158	153	147	137	129	123	120
Additional Paid-In Capital	-5.4%	97.00	103	111	113	113	117	125	131	133	136	140	141	141	141	141	141	140	140	140	80.00	80.00
Shares Outstanding	-100.0%	-	17.00	17.00	17.00	17.00	17.00	17.00	18.00	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-75.0%	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	-18,280
Share Based Compensation	4.1%	532	511	589	525	887	689	649	528	414	403	432	390	306	625	31.00	310	446	265	142	-	-
Cashflow From Investing	-244.7%	-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	76,160
Cashflow From Financing	-144.0%	-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	22,369
Dividend Payments	-2.5%	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	-	-	12,501
Buy Backs	-36.6%	5,903	9,312	2,548	-	3,774	9,718	6,190	3,017	3,145	4,404	892	786	232	-	61.00	-	-	-	-	-	-

SPFI Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest income:
Loans, including fees	$ 176,598	$ 137,954	$ 120,540
Securities:
Taxable	21,590	15,010	9,445
Non taxable	3,872	4,529	4,639
Federal funds sold and interest-bearing deposits in banks	9,973	3,675	412
Total interest income	212,033	161,168	135,036
Interest expense:
Deposits	64,987	17,002	8,293
Notes payable & other borrowings	5	0	43
Subordinated debt	4,018	4,050	4,056
Junior subordinated deferrable interest debentures	3,276	1,640	880
Total interest expense	72,286	22,692	13,272
Net interest income	139,747	138,476	121,764
Provision for credit losses	4,610	(2,619)	(1,918)
Net interest income, after provision for credit losses	135,137	141,095	123,682
Noninterest income:
Service charges on deposit accounts	7,130	6,829	6,963
Income from insurance activities	1,515	10,826	8,314
Net gain on sales of loans	11,027	20,764	51,184
Bank card services and interchange fees	13,323	12,946	12,239
Other mortgage banking income	2,790	10,606	8,542
Investment commissions	1,698	1,825	1,934
Fiduciary fees	2,433	2,390	2,917
Gain on sale of subsidiary	33,778	0	0
Other	5,532	9,959	5,376
Total noninterest income	79,226	76,145	97,469
Noninterest expense:
Salaries and employee benefits	79,377	86,323	93,360
Occupancy and equipment, net	16,102	15,987	14,560
Professional services	6,433	9,740	6,752
Marketing and development	3,453	3,614	3,225
IT and data services	3,410	3,780	4,007
Bank card expenses	5,557	5,376	4,995
Appraisal expenses	1,087	1,747	3,248
Realized loss on sale of securities	3,409	0	0
Other	16,118	17,522	17,883
Total noninterest expense	134,946	144,089	148,030
Income before income taxes	79,417	73,151	73,121
Income tax expense	16,672	14,911	14,507
Net income	$ 62,745	$ 58,240	$ 58,614
Earnings per share:
Basic (in dollars per share)	$ 3.73	$ 3.35	$ 3.26
Diluted (in dollars per share)	$ 3.62	$ 3.23	$ 3.17
Net income	$ 62,745	$ 58,240	$ 58,614
Other comprehensive income (loss):
Unrealized gains (losses) on securities available for sale	17,282	(114,367)	(15,479)
Less: Change in fair value on hedged state and municipal securities	(3,686)	14,607	5,812
Reclassification adjustment for loss on sale of securities	3,409	0	0
Tax effect	(3,571)	20,950	2,030
Other comprehensive income (loss)	13,434	(78,810)	(7,637)
Comprehensive income (loss)	$ 76,179	$ (20,570)	$ 50,977

SPFI Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash and due from banks	$ 62,821	$ 61,613
Interest-bearing deposits in banks	267,337	173,270
Cash and cash equivalents	330,158	234,883
Securities available for sale	622,762	701,711
Loans held for sale ($6,615 and $10,038 at fair value at December 31, 2023 and 2022, respectively)	14,499	30,403
Loans held for investment	3,014,153	2,748,081
Allowance for credit losses on loans	(42,356)	(39,288)
Loans held for investment, net	2,971,797	2,708,793
Accrued interest receivable	20,881	16,432
Premises and equipment, net	55,070	56,337
Bank-owned life insurance	74,504	73,174
Goodwill	19,315	19,508
Intangible assets, net	2,429	4,349
Mortgage servicing rights	26,569	27,474
Deferred tax asset, net	19,413	22,818
Other assets	47,396	48,181
Total assets	4,204,793	3,944,063
Deposits:
Noninterest-bearing	974,201	1,150,488
Interest-bearing	2,651,952	2,255,942
Total deposits	3,626,153	3,406,430
Accrued expenses and other liabilities	61,358	58,265
Subordinated debt	63,775	75,961
Junior subordinated deferrable interest debentures	46,393	46,393
Total liabilities	3,797,679	3,587,049
Stockholders' equity:
Common stock, $1 par value, 30,000,000 shares authorized; 16,417,099 issued in 2023 and 17,027,197 issued in 2022	16,417	17,027
Additional paid-in capital	97,107	112,834
Retained earnings	345,264	292,261
Accumulated other comprehensive loss	(51,674)	(65,108)
Total stockholders' equity	407,114	357,014
Total liabilities and stockholders' equity	$ 4,204,793	$ 3,944,063

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 Wed Apr 24 2024, market cap of South Plains Financial Inc is 439.25 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 Wed Apr 24 2024, SPFI's PE ratio (Price to Earnings) is 7 and Price to Sales (PS) ratio is 2.07. 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.