South Plains Financial, Inc. (NASDAQ:SPFI) Stock Has Average Price Target of $49.60 According to Brokerages

08 Nov 2026, 03:15 by Amy Steele · The Cerbat Gem

Shares of South Plains Financial, Inc. (NASDAQ:SPFI – Get Free Report) have been given a consensus rating of “Buy” by the seven analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $49.60.

A number of equities analysts have issued reports on SPFI shares. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $50.00 price objective (up from $48.00) on shares of South Plains Financial in a research report on Monday, July 20th. Raymond James Financial restated an “outperform” rating and set a $50.00 price target on shares of South Plains Financial in a report on Monday, July 20th. Benchmark restated a “buy” rating on shares of South Plains Financial in a report on Monday, July 20th. Finally, Weiss Ratings raised South Plains Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, October 29th.

View Our Latest Report on South Plains Financial

Insider Activity at South Plains Financial

In related news, Director Richard Campbell sold 18,848 shares of the firm’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $43.61, for a total value of $821,961.28. Following the completion of the sale, the director owned 1,366,121 shares of the company’s stock, valued at $59,576,536.81. This trade represents a 1.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 52,557 shares of company stock worth $2,306,544 in the last ninety days. 24.29% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On South Plains Financial

Several institutional investors and hedge funds have recently modified their holdings of SPFI. BlackRock Inc. bought a new position in shares of South Plains Financial during the second quarter valued at approximately $61,644,000. Y Intercept Hong Kong Ltd bought a new stake in shares of South Plains Financial in the 1st quarter worth approximately $1,451,000. Legacy Wealth Management LLC MS bought a new stake in shares of South Plains Financial in the 2nd quarter worth approximately $1,659,000. Bank of America Corp DE bought a new stake in shares of South Plains Financial in the 2nd quarter worth approximately $1,099,000. Finally, Wedge Capital Management L L P NC purchased a new stake in shares of South Plains Financial in the 2nd quarter worth approximately $2,410,000. 54.95% of the stock is owned by hedge funds and other institutional investors.

South Plains Financial Stock Down 1.0%

Shares of South Plains Financial stock opened at $42.45 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.96 and a current ratio of 0.97. South Plains Financial has a 52-week low of $35.81 and a 52-week high of $46.94. The stock has a market capitalization of $800.18 million, a price-to-earnings ratio of 11.26 and a beta of 0.47. The company’s 50 day moving average price is $43.51 and its 200-day moving average price is $42.67.

South Plains Financial (NASDAQ:SPFI – Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.07. The company had revenue of $65.27 million during the quarter, compared to analyst estimates of $65.22 million. South Plains Financial had a net margin of 21.23% and a return on equity of 12.36%. Equities research analysts forecast that South Plains Financial will post 3.86 EPS 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 given a $0.19 dividend. The ex-dividend date is Monday, November 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.8%. This is an increase from South Plains Financial’s previous quarterly dividend of $0.18. South Plains Financial’s dividend payout ratio is 20.16%.

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.