Factors Likely to Have Influenced Earnings Results South Plains Financial (NASDAQ:SPFI)

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Earnings results for South Plains Financial (NASDAQ:SPFI)

South Plains Financial, Inc. is expected* to report earnings on 10/27/2020 after market close. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.49. The reported EPS for the same quarter last year was $0.45.

South Plains Financial last posted its earnings data on July 29th, 2020. The reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.05. The company had revenue of $55.34 million for the quarter, compared to the consensus estimate of $48.80 million. South Plains Financial has generated $1.69 earnings per share over the last year and currently has a price-to-earnings ratio of 8.6. South Plains Financial has confirmed that its next quarterly earnings report will be published on Tuesday, October 27th, 2020.

Analyst Opinion on South Plains Financial (NASDAQ:SPFI)

Dividend Strength: South Plains Financial (NASDAQ:SPFI)

South Plains Financial has a dividend yield of 0.80%, which is in the bottom 25% of all stocks that pay dividends. South Plains Financial does not have a long track record of dividend growth. The dividend payout ratio of South Plains Financial is 7.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, South Plains Financial will have a dividend payout ratio of 8.00% next year. This indicates that South Plains Financial will be able to sustain or increase its dividend.

Insiders buying/selling: South Plains Financial (NASDAQ:SPFI)

In the past three months, South Plains Financial insiders have not sold or bought any company stock. Only 26.66% of the stock of South Plains Financial is held by insiders. Only 21.59% of the stock of South Plains Financial is held by institutions.

Earnings and Valuation of South Plains Financial (NASDAQ:SPFI

Earnings for South Plains Financial are expected to decrease by -11.76% in the coming year, from $1.70 to $1.50 per share. The P/E ratio of South Plains Financial is 8.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 19.34. The P/E ratio of South Plains Financial is 8.59, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.21. South Plains Financial has a P/B Ratio of 0.85. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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