Earnings results might Drive Its Stock Price 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 01/27/2021 after market close. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.73. The reported EPS for the same quarter last year was $0.55.

South Plains Financial last announced its quarterly earnings data on October 27th, 2020. The reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.43. The business earned $62.93 million during the quarter, compared to analyst estimates of $53.60 million. South Plains Financial has generated $1.69 earnings per share over the last year and currently has a price-to-earnings ratio of 9.1. South Plains Financial has confirmed that its next quarterly earnings report will be published on Wednesday, January 27th, 2021.

Analyst Opinion on South Plains Financial (NASDAQ:SPFI)

There is no enough data Analyst Ratings

There is not enough analysis data for South Plains Financial.

Dividend Strength: South Plains Financial (NASDAQ:SPFI)

South Plains Financial has a dividend yield of 1.01%, which is in the bottom 25% of all stocks that pay dividends. South Plains Financial has only been increasing its dividend for 1 years. The dividend payout ratio of South Plains Financial is 11.83%. 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 8.89% 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 21.73% 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 -3.43% in the coming year, from $2.33 to $2.25 per share. The P/E ratio of South Plains Financial is 9.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.17. The P/E ratio of South Plains Financial is 9.06, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 22.03. South Plains Financial has a P/B Ratio of 1.15. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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