Q2 2020 EPS Estimates for South Plains Financial Boosted by Analyst (NASDAQ:SPFI)

South Plains Financial (NASDAQ:SPFI) – Investment analysts at Piper Sandler increased their Q2 2020 earnings per share (EPS) estimates for South Plains Financial in a report released on Thursday, June 25th. Piper Sandler analyst B. Milsaps now anticipates that the company will earn $0.27 per share for the quarter, up from their previous forecast of $0.25. Piper Sandler also issued estimates for South Plains Financial’s Q3 2020 earnings at $0.28 EPS, Q4 2020 earnings at $0.31 EPS and FY2020 earnings at $1.25 EPS.

South Plains Financial (NASDAQ:SPFI) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.38. South Plains Financial had a net margin of 15.76% and a return on equity of 10.31%. The business had revenue of $49.07 million during the quarter, compared to analyst estimates of $44.15 million.

Several other research firms have also issued reports on SPFI. BidaskClub lowered shares of South Plains Financial from a “buy” rating to a “hold” rating in a research report on Thursday, March 5th. ValuEngine lowered shares of South Plains Financial from a “hold” rating to a “sell” rating in a research report on Monday, March 30th. Finally, Zacks Investment Research lowered shares of South Plains Financial from a “hold” rating to a “sell” rating in a research report on Tuesday.

NASDAQ SPFI opened at $13.75 on Monday. The company has a 50-day simple moving average of $13.25 and a two-hundred day simple moving average of $16.71. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 0.51. South Plains Financial has a 12-month low of $11.30 and a 12-month high of $22.00. The firm has a market cap of $225.74 million and a price-to-earnings ratio of 7.86.

Institutional investors have recently bought and sold shares of the company. Bank of Montreal Can boosted its holdings in shares of South Plains Financial by 310.6% during the fourth quarter. Bank of Montreal Can now owns 1,273 shares of the company’s stock worth $27,000 after purchasing an additional 963 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of South Plains Financial by 1,378.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,360 shares of the company’s stock worth $28,000 after purchasing an additional 1,268 shares during the period. Citigroup Inc. boosted its holdings in shares of South Plains Financial by 2,204.5% during the fourth quarter. Citigroup Inc. now owns 2,028 shares of the company’s stock worth $42,000 after purchasing an additional 1,940 shares during the period. Russell Investments Group Ltd. bought a new position in South Plains Financial in the fourth quarter worth about $49,000. Finally, Bank of America Corp DE raised its stake in South Plains Financial by 130.8% in the fourth quarter. Bank of America Corp DE now owns 4,490 shares of the company’s stock worth $94,000 after buying an additional 2,545 shares in the last quarter. Institutional investors own 22.15% of the company’s stock.

In other news, CEO Curtis C. Griffith bought 3,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was bought at an average cost of $13.79 per share, for a total transaction of $41,370.00. Following the completion of the acquisition, the chief executive officer now owns 2,384,021 shares in the company, valued at approximately $32,875,649.59. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders have bought 5,800 shares of company stock valued at $77,950. 26.66% of the stock is currently owned by company insiders.

About South Plains Financial

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Earnings History and Estimates for South Plains Financial (NASDAQ:SPFI)

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