South Plains Financial (SPFI) Declares $0.13 Dividend

South Plains Financial said on January 19, 2023 that its board of directors declared a regular quarterly dividend of $0.13 per share. ( $0.52 per year).Shareholders of record as of January 27, 2023 will receive the payment on February 13, 2023. Previously, the company paid $0.12 per share.

At the most recent share price of $28.39 / share, the stock's annualized dividend yield is 1.83%. Additionally, the company's dividend payout ratio is 0.14, indicating it is retaining a low percentage of its earnings to reinvest in growth opportunities.

The company's 3-Year dividend growth rate is 3.00%, demonstrating that it consistently increased its dividends over time.

Analyst Price Forecast Suggests 13.17% Upside

As of January 23, 2023, the average one-year price target for South Plains Financial is $32.13. The forecasts range from a low of $31.31 to a high of $33.60. The average price target represents an increase of 13.17% from its latest reported closing price of $28.39.

The projected annual revenue for South Plains Financial is $218MM, a decrease of -2.31%. The projected annual EPS is $2.70, a decrease of -21.17%.