Exchange Traded Concepts LLC acquired a new position in shares of South Plains Financial, Inc. (NASDAQ:SPFI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,114 shares of the company's stock, valued at approximately $282,000.
Other institutional investors also recently modified their holdings of the company. US Bancorp DE acquired a new position in South Plains Financial during the 3rd quarter worth about $36,000. FMR LLC lifted its position in shares of South Plains Financial by 39.3% during the third quarter. FMR LLC now owns 1,397 shares of the company's stock worth $47,000 after purchasing an additional 394 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of South Plains Financial during the third quarter valued at approximately $149,000. BNP Paribas Financial Markets increased its holdings in shares of South Plains Financial by 72.4% in the third quarter. BNP Paribas Financial Markets now owns 4,503 shares of the company's stock valued at $153,000 after purchasing an additional 1,891 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in South Plains Financial by 20.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 4,631 shares of the company's stock worth $157,000 after purchasing an additional 800 shares during the last quarter. Institutional investors own 54.95% of the company's stock.
South Plains Financial Trading Up 2.0 %
NASDAQ SPFI traded up $0.72 during trading hours on Tuesday, hitting $36.02. The company's stock had a trading volume of 18,404 shares, compared to its average volume of 33,787. South Plains Financial, Inc. has a twelve month low of $24.05 and a twelve month high of $40.90. The firm has a market capitalization of $590.37 million, a P/E ratio of 12.34 and a beta of 0.62. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.25. The stock has a fifty day moving average of $36.18 and a 200 day moving average of $34.77.
South Plains Financial (NASDAQ:SPFI - Get Free Report) last posted its quarterly earnings results on Friday, January 24th. The company reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.29. South Plains Financial had a return on equity of 11.75% and a net margin of 17.20%. During the same period in the prior year, the company posted $0.61 EPS. Equities research analysts forecast that South Plains Financial, Inc. will post 2.85 earnings per share for the current fiscal year.
South Plains Financial Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Monday, February 3rd. South Plains Financial's dividend payout ratio (DPR) is currently 20.55%.
Analysts Set New Price Targets
SPFI has been the topic of a number of recent research reports. Hovde Group increased their price objective on South Plains Financial from $46.00 to $47.00 and gave the company an "outperform" rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $45.00 price target (down previously from $46.00) on shares of South Plains Financial in a research note on Monday, January 27th.
Check Out Our Latest Analysis on South Plains Financial
About South Plains Financial
(
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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