South Plains Financial, Inc. (NASDAQ:SPFI - Get Free Report) CEO Curtis C. Griffith sold 5,196 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $35.60, for a total transaction of $184,977.60. Following the completion of the sale, the chief executive officer now owns 828,683 shares in the company, valued at $29,501,114.80. This represents a 0.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
South Plains Financial Trading Down 0.4 %
Shares of SPFI stock opened at $35.50 on Friday. South Plains Financial, Inc. has a 1 year low of $24.05 and a 1 year high of $40.90. The firm has a fifty day moving average price of $35.74 and a 200-day moving average price of $34.93. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap of $581.85 million, a price-to-earnings ratio of 12.16 and a beta of 0.62.
South Plains Financial (NASDAQ:SPFI - Get Free Report) last issued its earnings results on Friday, January 24th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.29. South Plains Financial had a net margin of 17.20% and a return on equity of 11.75%. During the same period in the prior year, the company posted $0.61 earnings per share. As a group, equities analysts predict that South Plains Financial, Inc. will post 2.85 earnings per share for the current year.
South Plains Financial Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.69%. The ex-dividend date is Monday, February 3rd. South Plains Financial's dividend payout ratio is currently 20.55%.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on SPFI shares. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $45.00 price objective (down previously from $46.00) on shares of South Plains Financial in a research report on Monday, January 27th. Hovde Group boosted their price objective on shares of South Plains Financial from $46.00 to $47.00 and gave the company an "outperform" rating in a research report on Monday, January 27th.
View Our Latest Stock Analysis on SPFI
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of SPFI. US Bancorp DE bought a new position in South Plains Financial in the 3rd quarter worth $36,000. FMR LLC boosted its holdings in South Plains Financial by 39.3% in the 3rd quarter. FMR LLC now owns 1,397 shares of the company's stock worth $47,000 after buying an additional 394 shares during the period. KLP Kapitalforvaltning AS bought a new position in South Plains Financial in the 4th quarter worth $101,000. SG Americas Securities LLC bought a new position in South Plains Financial in the 3rd quarter worth $149,000. Finally, BNP Paribas Financial Markets boosted its holdings in South Plains Financial by 72.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,503 shares of the company's stock worth $153,000 after buying an additional 1,891 shares during the period. Institutional investors own 54.95% of the company's stock.
About South Plains Financial
(
Get Free Report)
South Plains Financial, Inc operates as a bank holding company for City Bank that provides commercial and consumer financial services to small and medium-sized businesses and individuals. The company operates through two segments, Banking and Insurance. It offers deposit products, including demand deposit accounts, interest-bearing products, savings accounts, and certificate of deposits.
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