Swiss National Bank Sells 2,800 Shares of South Plains Financial, Inc. (NASDAQ:SPFI)

Swiss National Bank lessened its holdings in South Plains Financial, Inc. (NASDAQ:SPFIFree Report) by 10.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,033 shares of the company’s stock after selling 2,800 shares during the period. Swiss National Bank owned approximately 0.15% of South Plains Financial worth $725,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Rosenthal Henry Capital Advisors Inc. bought a new stake in South Plains Financial in the fourth quarter valued at $2,444,000. Citigroup Inc. increased its position in shares of South Plains Financial by 85.7% during the 3rd quarter. Citigroup Inc. now owns 19,699 shares of the company’s stock worth $521,000 after purchasing an additional 9,090 shares in the last quarter. Prospector Partners LLC lifted its holdings in South Plains Financial by 37.3% during the 3rd quarter. Prospector Partners LLC now owns 23,190 shares of the company’s stock valued at $613,000 after purchasing an additional 6,300 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in South Plains Financial by 22.8% in the fourth quarter. SG Americas Securities LLC now owns 6,628 shares of the company’s stock valued at $192,000 after buying an additional 1,230 shares in the last quarter. 54.95% of the stock is owned by institutional investors and hedge funds.

South Plains Financial Stock Up 2.1 %

Shares of NASDAQ:SPFI opened at $27.15 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. The firm has a market cap of $445.80 million, a P/E ratio of 7.26 and a beta of 0.56. South Plains Financial, Inc. has a 12 month low of $21.58 and a 12 month high of $30.22. The company’s 50-day moving average price is $26.38 and its two-hundred day moving average price is $26.98.

South Plains Financial (NASDAQ:SPFIGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.06. South Plains Financial had a net margin of 21.23% and a return on equity of 11.19%. The business had revenue of $46.78 million during the quarter, compared to analyst estimates of $45.20 million. As a group, research analysts forecast that South Plains Financial, Inc. will post 2.39 EPS for the current fiscal year.

South Plains Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 13th. Stockholders of record on Monday, April 29th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend was Friday, April 26th. South Plains Financial’s dividend payout ratio (DPR) is presently 14.97%.

Analysts Set New Price Targets

Separately, Hovde Group reduced their target price on South Plains Financial from $34.00 to $32.00 and set an “outperform” rating on the stock in a report on Friday, April 26th.

View Our Latest Stock Analysis on South Plains Financial

Insider Activity at South Plains Financial

In other South Plains Financial news, CEO Curtis C. Griffith sold 100,000 shares of South Plains Financial stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $24.75, for a total transaction of $2,475,000.00. Following the transaction, the chief executive officer now directly owns 1,103,797 shares in the company, valued at $27,318,975.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 25.39% of the stock is currently owned by company insiders.

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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Institutional Ownership by Quarter for South Plains Financial (NASDAQ:SPFI)

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