South Plains Financial, Inc. (NASDAQ:SPFI) Stock Now Rated “Buy” by Sell-Side Analysts

Posted by George Bondi on Nov 3rd, 2026

South Plains Financial, Inc. (NASDAQ:SPFI – Get Free Report) has been assigned a consensus recommendation of “Buy” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $49.60.

Several research firms recently weighed in on SPFI. Benchmark restated a “buy” rating on shares of South Plains Financial in a report on Monday, July 20th. Raymond James Financial reiterated an “outperform” rating and set a $50.00 target price on shares of South Plains Financial in a report on Monday, July 20th. Weiss Ratings raised shares of South Plains Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $50.00 price target (up from $48.00) on shares of South Plains Financial in a report on Monday, July 20th.

View Our Latest Stock Analysis on SPFI

South Plains Financial Trading Up 0.8%

SPFI opened at $44.36 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.10. The stock’s fifty day moving average is $43.56 and its two-hundred day moving average is $42.62. The company has a market capitalization of $835.74 million, a P/E ratio of 11.77 and a beta of 0.49. South Plains Financial has a 52 week low of $35.70 and a 52 week high of $46.94.

South Plains Financial (NASDAQ:SPFI – Get Free Report) last issued its earnings results on Thursday, October 22nd. The company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.07. South Plains Financial had a return on equity of 12.81% and a net margin of 21.23%. The business had revenue of $65.27 million during the quarter, compared to analysts’ expectations of $65.22 million. Analysts forecast that South Plains Financial will post 3.86 earnings per share for the current year.

South Plains Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.19 per share. This is a boost from South Plains Financial’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Monday, November 2nd. South Plains Financial’s payout ratio is 19.10%.

Hedge Funds Weigh In On South Plains Financial

A number of large investors have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. bought a new stake in South Plains Financial during the 3rd quarter valued at $62,000. Sequoia Financial Advisors LLC purchased a new stake in South Plains Financial in the second quarter valued at approximately $204,000. Tidal Investments LLC purchased a new position in shares of South Plains Financial during the second quarter worth $562,000. Squarepoint Ops LLC purchased a new stake in shares of South Plains Financial in the second quarter worth about $421,000. Finally, Corient Private Wealth LP acquired a new position in South Plains Financial in the second quarter valued at approximately $3,346,000. Institutional investors own 54.95% of the company’s stock.

South Plains Financial Company Profile

(Get Free Report)

South Plains Financial, Inc is a bank holding company headquartered in Lubbock, Texas. Through its principal subsidiary, City Bank, the company provides banking and financial services to individuals, businesses, agricultural customers and other organizations.

City Bank offers a range of products and services, including checking and savings accounts, certificates of deposit, consumer loans, commercial and industrial lending, agricultural loans, real estate financing, mortgage lending, wealth management and treasury management services.