South Plains Financial (SPFI) has disclosed a new risk, in the Employment / Personnel category.
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South Plains Financial’s strategic emphasis on relationship-driven banking makes it highly dependent on the ability of its bankers to generate business, maintain reputations and manage customer relationships effectively. If it cannot retain, internally develop or recruit such talent, customer relationships and associated loan, deposit and fee growth could migrate to competitors.
The company also faces execution risk because it must commit significant time and expense to training, integrating and developing new bankers before their profitability is clear. Persistent difficulties in building or maintaining a successful banker base could impair execution of its growth strategy and adversely affect its business, financial condition, operating results and long-term prospects.
The average SPFI stock price target is $46.33, implying 13.03% upside potential.
To learn more about South Plains Financial’s risk factors, click here.