Friday, May 14, 2021

Is South Plains Financial Inc. [SPFI] on the road to rising earnings?

Earnings from South Plains Financial Inc. [SPFI] are scheduled on April 27, 2021, after the market closes. It is expected that the company will report strong earnings for the quarter ending Mar 2021.


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SPFI Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn $0.68 per share on revenue of $50.63M. Taking a look at the future, the company is projected to report revenue of $49.27M at an earnings per share of $0.55 for the Jun 2021 quarter. The estimates represent year-over-year improvements of -4.70% in revenue and -14.13% in earnings per share for the company.

SPFI Stock Earnings Forecast For The Current Year


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For the full financial year, South Plains Financial Inc. [NASDAQ:SPFI] is forecasted to generate revenue of $199.8M. The figure is about $-14.56 million below what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $2.3 in 2021, which is -$0.18 lower than the figure in FY20. Based on current estimates, earnings are expected to grow -7.30% this year, -14.30% next year. With regard to sales, forecasts suggest a decline of -6.80% in current fiscal year and -4.70% over following year.

SPFI Stock Price Performance

At a recent check today, South Plains Financial Inc. [NASDAQ:SPFI] finished up 3.05% at $21.95. The stock’s day high price was $22.40, and its lowest was $21.30. Its price fall -0.47% in the last five days. Since the beginning of the year, South Plains Financial Inc.’s shares are up nearly 12.40%. However, the share price is -12.48% below its one year high. The top price reached by the shares of the company was $25.08 on 03/12/21, while the 52-week low came on 01/27/21, when the shares were $18.51. In the past year, shares of the company have risen 82.05%. At 50 days, the moving average achieved is $21.96 while at 200 days, the moving average is $17.60.

South Plains Financial Inc. [NASDAQ:SPFI] Stock Valuation Metrics

With a prevailing 12-month PE ratio of 8.61, South Plains Financial Inc. [SPFI] does qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a discount to the industry average of 13.08 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 2.73 PS value ratio is reported for the last one year of reported earnings. This is above the average return 2.73 for the industry, which means SPFI offers an unattractive investment opportunity than its competitors do.

SPFI Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 21.96 level, and the violation of this level will cause a further drop to 20.93 level. At the upper end, 23.13 remains a key resistance. As the stock increases, it may find resistance at 22.77. In the 14-day chart, the Relative Strength Index standing at 51.18 suggests a technical neutral stance while the MACD standing at -0.06 indicates price will decrease in the next trading period. Stochastic %K at 39.49% suggests holding the stock while Percent R indicator at 44.35% suggests low price movement.

How much is the short interest in South Plains Financial Inc.?

There have been a drop in short interest in the South Plains Financial Inc. Financial stock, with short interest down by 18380.0 shares to 65370.0 shares on Mar 14, 2021. According to data provided by Yahoo Finance, the short interest on Apr 14, 2021 stood at 46990.0 shares. This 28.12% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 0.51% of the overall float in the stock, while the stock’s days to cover moved to 1.99.

How do analysts view South Plains Financial Inc.?

In regard to the share price forecast for South Plains Financial Inc. stock, the analysts, as surveyed by FactSet, forecast the price to reach $27.50 in the next twelve months, representing almost an 20.18% growth from its recent price of $21.95. Among South Plains Financial Inc. stock projections, $29.00 is the highest analyst target for the stock, while $26.00 is the lowest. Despite this, 2 analysts who share their consensus rating for SPFI in 2021 agree that the stock is a Buy.

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