South Plains Financial (NASDAQ:SPFI) Given Consensus Rating of “Buy” by Brokerages

Shares of South Plains Financial (NASDAQ:SPFI) have received a consensus broker rating score of 1.50 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company.

Brokers have set a one year consensus price target of $21.50 for the company, according to Zacks. Zacks has also assigned South Plains Financial an industry rank of 167 out of 256 based on the ratings given to its competitors.

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

SPFI traded up $0.25 during trading hours on Friday, reaching $16.98. 6,400 shares of the stock traded hands, compared to its average volume of 77,328. The business’s fifty day moving average price is $17.51. South Plains Financial has a fifty-two week low of $16.04 and a fifty-two week high of $18.70. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 1.05.

South Plains Financial (NASDAQ:SPFI) last released its quarterly earnings results on Monday, June 24th. The company reported $0.32 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.32. The firm had revenue of $36.62 million for the quarter.

In related news, President Cory T. Newsom acquired 5,500 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was bought at an average cost of $17.50 per share, with a total value of $96,250.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Steven B. Crockett acquired 5,000 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were bought at an average cost of $17.50 per share, with a total value of $87,500.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 11,050 shares of company stock valued at $193,375.

About South Plains Financial

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