South Plains Financial Inc

Company Profile

South Plains Financial Inc had its IPO on 2019-05-09 under the ticker symbol SPFI.

The company operates in the Financial Services sector and Banks-Regional industry. South Plains Financial Inc has a staff strength of 600 employees.

Stock update

Shares of South Plains Financial Inc opened at $26.66 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $26.45 - $26.95, and closed at $26.72.

This is a +1.25% increase from the previous day's closing price.

A total volume of 21,041 shares were traded at the close of the day’s session.

In the last one week, shares of South Plains Financial Inc have slipped by -1.76%.

South Plains Financial Inc's Key Ratios

South Plains Financial Inc has a market cap of $460.05 million, indicating a price to book ratio of 1.4409 and a price to sales ratio of 2.1213.

In the last 12-months South Plains Financial Inc’s revenue was $224.15 million with a gross profit of $217.24 million and an EBITDA of $0. The EBITDA ratio measures South Plains Financial Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, South Plains Financial Inc’s operating margin was 37.74% while its return on assets stood at 1.65% with a return of equity of 17.72%.

In Q2, South Plains Financial Inc’s quarterly earnings growth was a positive 94.3% while revenue growth was a positive 33.3%.

South Plains Financial Inc’s PE and PEG Ratio

Forward PE

0

Trailing PE

7.1579

PEG

Its diluted EPS in the last 12-months stands at $3.8 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into South Plains Financial Inc’s profitability.

South Plains Financial Inc stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 2.1213.

South Plains Financial Inc stock pays annual dividends of $0.5 per share, indicating a yield of 1.88% and a payout ratio of 13.39%.

Balance sheet and cash flow metrics

Total Assets

$4.15 billion

Total Liabilities

$3.64 billion

Operating Cash Flow

$-94481000.00

Capital Expenditure

$1.89 million

Dividend Payout Ratio

13.39%

South Plains Financial Inc ended 2024 with $4.15 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $4.15 billion while shareholder equity stood at $392.03 million.

South Plains Financial Inc ended 2024 with $0 in deferred long-term liabilities, $3.64 billion in other current liabilities, 16952000.00 in common stock, $325.77 million in retained earnings and $19.32 million in goodwill. Its cash balance stood at $295.58 million and cash and short-term investments were $692.59 million. The company’s total short-term debt was $0 while long-term debt stood at $122.45 million.

South Plains Financial Inc’s total current assets stands at $692.59 million while long-term investments were $628.09 million and short-term investments were $628.09 million. Its net receivables were $15.92 million compared to accounts payable of $61.13 million and inventory worth $0.

In 2024, South Plains Financial Inc's operating cash flow was $-94481000.00 while its capital expenditure stood at $1.89 million.

Comparatively, South Plains Financial Inc paid $0.13 in dividends in 2024.

Other key metrics

Current Trading Price

$26.72

52-Week High

$31.4529

52-Week Low

$18.657

Analyst Target Price

$29.38

South Plains Financial Inc stock is currently trading at $26.72 per share. It touched a 52-week high of $31.4529 and a 52-week low of $31.4529. Analysts tracking the stock have a 12-month average target price of $29.38.

Its 50-day moving average was $25.73 and 200-day moving average was $24.85 The short ratio stood at 2.62 indicating a short percent outstanding of 0%.

Around 2715.5% of the company’s stock are held by insiders while 2673.2% are held by institutions.