South Plains Financial (NASDAQ:SPFI) Issues Earnings Results

Posted by Brenda Bartman on Jul 17th, 2026

South Plains Financial (NASDAQ:SPFI – Get Free Report) released its quarterly earnings data on Friday. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.02, FiscalAI reports. The company had revenue of $64.49 million for the quarter, compared to analyst estimates of $63.34 million. South Plains Financial had a return on equity of 12.58% and a net margin of 20.22%.

South Plains Financial Stock Up 3.5%

SPFI opened at $44.25 on Friday. The business has a 50 day simple moving average of $41.35 and a 200-day simple moving average of $41.55. South Plains Financial has a 12 month low of $35.34 and a 12 month high of $45.09. The stock has a market capitalization of $847.39 million, a P/E ratio of 12.39 and a beta of 0.46. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.93 and a quick ratio of 0.93.

South Plains Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Monday, July 27th will be paid a dividend of $0.18 per share. This is a positive change from South Plains Financial’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Monday, July 27th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.6%. South Plains Financial’s dividend payout ratio (DPR) is currently 19.05%.

Insider Buying and Selling at South Plains Financial

In other news, Director James D. Stein sold 13,504 shares of South Plains Financial stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $40.01, for a total transaction of $540,295.04. Following the completion of the sale, the director directly owned 344,432 shares in the company, valued at approximately $13,780,724.32. This trade represents a 3.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders have sold 30,000 shares of company stock worth $1,204,340. Corporate insiders own 24.29% of the company’s stock.

Hedge Funds Weigh In On South Plains Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in shares of South Plains Financial during the 2nd quarter worth approximately $32,000. Quarry LP acquired a new position in shares of South Plains Financial in the third quarter worth $60,000. BNP Paribas Financial Markets raised its holdings in shares of South Plains Financial by 11.0% in the second quarter. BNP Paribas Financial Markets now owns 2,594 shares of the company’s stock worth $93,000 after acquiring an additional 258 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in South Plains Financial in the 2nd quarter valued at about $106,000. Finally, Tower Research Capital LLC TRC boosted its position in South Plains Financial by 595.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,353 shares of the company’s stock worth $121,000 after acquiring an additional 2,871 shares during the last quarter. Institutional investors and hedge funds own 54.95% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on SPFI. Benchmark assumed coverage on shares of South Plains Financial in a report on Wednesday, June 24th. They issued a “buy” rating and a $53.00 target price for the company. Weiss Ratings upgraded South Plains Financial from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, June 29th. Zacks Research lowered South Plains Financial from a “strong-buy” rating to a “hold” rating in a report on Friday, March 27th. Piper Sandler lowered their target price on South Plains Financial from $48.00 to $46.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Finally, Wall Street Zen upgraded shares of South Plains Financial from a “sell” rating to a “hold” rating in a research note on Sunday, May 10th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $47.60.

View Our Latest Stock Analysis on South Plains Financial

About South Plains Financial

(Get Free Report)

South Plains Financial, Inc is the bank holding company for South Plains Bank, a community-oriented financial institution headquartered in Lubbock, Texas. The company operates as a full-service commercial bank, providing a broad spectrum of banking solutions to individuals, small businesses and agricultural clients. Its principal subsidiary, South Plains Bank, holds state and national banking charters and is subject to regulatory oversight by the Federal Reserve and various state banking authorities.

The company’s product offerings include traditional deposit accounts such as checking, savings and money market accounts, as well as time deposits.