Hovde Group initiated coverage on South Plains Financial with a new price target
$SPFI
Major Banks
Finance
Hovde Group initiated coverage of South Plains Financial with a rating of Outperform and set a new price target of $28.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/25/2024 | $36.00 → $41.00 | Outperform | Hovde Group |
| 7/19/2024 | $32.00 → $36.00 | Outperform | Hovde Group |
| 4/26/2024 | $34.00 → $32.00 | Outperform | Hovde Group |
| 7/14/2023 | $28.00 | Outperform | Hovde Group |
| 3/17/2023 | $26.00 | Outperform | Raymond James |
10-Q - SOUTH PLAINS FINANCIAL, INC. (0001163668) (Filer)
8-K - SOUTH PLAINS FINANCIAL, INC. (0001163668) (Filer)
8-K - SOUTH PLAINS FINANCIAL, INC. (0001163668) (Filer)
SC 13G/A - SOUTH PLAINS FINANCIAL, INC. (0001163668) (Subject)
SC 13G/A - SOUTH PLAINS FINANCIAL, INC. (0001163668) (Subject)
SC 13G/A - SOUTH PLAINS FINANCIAL, INC. (0001163668) (Subject)
LUBBOCK, Texas, Oct. 23, 2024 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) ("South Plains" or the "Company"), the parent company of City Bank ("City Bank" or the "Bank"), today reported its financial results for the quarter ended September 30, 2024. Third Quarter 2024 Highlights Net income for the third quarter of 2024 was $11.2 million, compared to $11.1 million for the second quarter of 2024 and $13.5 million for the third quarter of 2023.Diluted earnings per share for the third quarter of 2024 was $0.66, compared to $0.66 for the second quarter of 2024 and $0.78 for the third quarter of 2023.Average cost of deposits for the third quarter of 2024 was 247 basis points,
LUBBOCK, Texas, Oct. 17, 2024 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) ("South Plains"), the parent company of City Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per share of common stock, a 7% increase from the most recent quarterly cash dividend declared in July 2024. The dividend is payable on November 12, 2024 to shareholders of record as of the close of business on October 28, 2024. About South Plains Financial, Inc. South Plains is the bank holding company for City Bank, a Texas state-chartered bank headquartered in Lubbock, Texas. City Bank is one of the largest independent banks in West Texas and has additi
LUBBOCK, Texas, Oct. 09, 2024 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) ("South Plains" or the "Company"), the parent company of City Bank, today announced that its third quarter 2024 financial results will be released after market close on Wednesday, October 23, 2024. The Company will host a conference call and webcast at 5:00 p.m. ET on the same day to discuss the financial results. Investors and analysts interested in participating in the call are invited to dial 1-877-407-9716 (international callers please dial 1-201-493-6779) approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available on the Company's web
Piper Sandler analyst Stephen Scouten maintains South Plains Financial (NASDAQ:SPFI) with a Overweight and raises the price target from $32 to $36.
South Plains Financial (NASDAQ:SPFI) reported quarterly earnings of $0.66 per share which beat the analyst consensus estimate of $0.58 by 13.79 percent. The company reported quarterly sales of $48.597 million which beat the analyst consensus estimate of $46.527 million by 4.45 percent. This is a 40.71 percent decrease over sales of $81.963 million the same period last year.
South Plains Financial (NASDAQ:SPFI) reported quarterly earnings of $0.64 per share which beat the analyst consensus estimate of $0.57 by 12.28 percent. This is a 20.75 percent increase over earnings of $0.53 per share from the same period last year. The company reported quarterly sales of $46.777 million which beat the analyst consensus estimate of $45.472 million by 2.87 percent. This is a 3.94 percent increase over sales of $45.006 million the same period last year.
4 - SOUTH PLAINS FINANCIAL, INC. (0001163668) (Issuer)
4 - SOUTH PLAINS FINANCIAL, INC. (0001163668) (Issuer)
4 - SOUTH PLAINS FINANCIAL, INC. (0001163668) (Issuer)
Hovde Group reiterated coverage of South Plains Financial with a rating of Outperform and set a new price target of $41.00 from $36.00 previously
Hovde Group reiterated coverage of South Plains Financial with a rating of Outperform and set a new price target of $36.00 from $32.00 previously
Hovde Group reiterated coverage of South Plains Financial with a rating of Outperform and set a new price target of $32.00 from $34.00 previously
LUBBOCK, Texas, Oct. 23, 2024 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) ("South Plains" or the "Company"), the parent company of City Bank ("City Bank" or the "Bank"), today reported its financial results for the quarter ended September 30, 2024. Third Quarter 2024 Highlights Net income for the third quarter of 2024 was $11.2 million, compared to $11.1 million for the second quarter of 2024 and $13.5 million for the third quarter of 2023.Diluted earnings per share for the third quarter of 2024 was $0.66, compared to $0.66 for the second quarter of 2024 and $0.78 for the third quarter of 2023.Average cost of deposits for the third quarter of 2024 was 247 basis points,
LUBBOCK, Texas, Oct. 17, 2024 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) ("South Plains"), the parent company of City Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per share of common stock, a 7% increase from the most recent quarterly cash dividend declared in July 2024. The dividend is payable on November 12, 2024 to shareholders of record as of the close of business on October 28, 2024. About South Plains Financial, Inc. South Plains is the bank holding company for City Bank, a Texas state-chartered bank headquartered in Lubbock, Texas. City Bank is one of the largest independent banks in West Texas and has additi
LUBBOCK, Texas, Oct. 09, 2024 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) ("South Plains" or the "Company"), the parent company of City Bank, today announced that its third quarter 2024 financial results will be released after market close on Wednesday, October 23, 2024. The Company will host a conference call and webcast at 5:00 p.m. ET on the same day to discuss the financial results. Investors and analysts interested in participating in the call are invited to dial 1-877-407-9716 (international callers please dial 1-201-493-6779) approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available on the Company's web
4 - SOUTH PLAINS FINANCIAL, INC. (0001163668) (Issuer)
3 - SOUTH PLAINS FINANCIAL, INC. (0001163668) (Issuer)
3 - SOUTH PLAINS FINANCIAL, INC. (0001163668) (Issuer)