South Plains Financial (NASDAQ:SPFI) Upgraded by Zacks Investment Research to Buy

South Plains Financial stock has undergone multiple analysts rating changes in the recent past.  South Plains Financial Upgraded by Zacks Investment Research on 10/30/2021. In a note to investors, the firm issued a new rating of Buy. The analysts previously had rating of Hold.

Shares of South Plains Financial traded down -$0.33 on Friday, reaching $26.06. 6659 shares of the stock traded hands, compared to its average volume of 22804. Shares of South Plains Financial were trading at $26.06 on Friday. The firm’s 50 day moving average is $23.89 and its 200 day moving average is $22.76.South Plains Financial has a 12 month low of $26.06 and a 12 month high of $26.51. While on yearly highs and lows, South Plains Financial’s today has traded high as $26.45 and has touched $26.06 on the downward trend. See More Analyst Rating at: RATING

South Plains Financial Earnings and What to expect: 

South Plains Financial last posted its quarterly earnings data on October 26th, 2021. The reported $0.82 EPS for the quarter, topping the consensus estimate of $0.72 by $0.10. South Plains Financial has generated $2.48 earnings per share over the last year ($3.35 diluted earnings per share) and currently has a price-to-earnings ratio of 7.8. Earnings for South Plains Financial are expected to decrease by -22.81% in the coming year, from $2.85 to $2.20 per share. South Plains Financial has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, January 26th, 2022 based off prior year’s report dates.

Earnings for South Plains Financial are expected to decrease by -22.81% in the coming year, from $2.85 to $2.20 per share. The P/E ratio of South Plains Financial is 7.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 13.79. The P/E ratio of South Plains Financial is 7.78, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 13.07. South Plains Financial has a P/B Ratio of 1.27. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

South Plains Financial (NASDAQ:SPFI) Moving Average Technical Analysis

5 day Moving Average is $25.64 And 5 day price change is $1.08 (4.32%)  with average volume for 5 day average is 27,020. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $24.92 and 20 day price change is $1.42 (5.76%) and average 20 day moving volume is 17,850. 50 day moving average is $23.89  and 50 day price change is $3.88 ( 17.49%)  and with average volume for 50 days is : 24,952. 200 day moving average is $22.76  and 200 day price change is $6.21 (31.28%)  and with average volume for 200 days is : 23,226.

Other owners latest trading in South Plains Financial :

  • On 10/21/2021 shares held by Hillsdale Investment Management Inc. were 2,400 which equates to market value of $59K and appx 0.00% owners of South Plains Financial
  • On 10/19/2021 shares held by Venturi Wealth Management LLC were 183,109 which equates to market value of $4.46M and appx 0.40% owners of South Plains Financial
  • On 8/23/2021 shares held by Morgan Stanley were 21,931 which equates to market value of $0.51M and appx 0.00% owners of South Plains Financial
  • In total Institutional ownership equates to Institutional Ownership Percentage: 23.34% for South Plains Financial

See More Analyst Rating at: RATING