4 days Ago By Defense World Staff
JPMorgan Chase & Co. grew its stake in South Plains Financial, Inc. (NASDAQ:SPFI – Free Report) by 40.
8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 247,430 shares of the company’s stock after acquiring an additional 71,656 shares during the period. JPMorgan Chase & Co.
owned 1.51% of South Plains Financial worth $8,598,000 at the end of the most recent quarter. Other institutional investors have also recently made changes to their positions in the company.
FMR LLC increased its stake in shares of South Plains Financial by 39.3% during the 3rd quarter. FMR LLC now owns 1,397 shares of the company’s stock worth $47,000 after purchasing an additional 394 shares during the last quarter.
KLP Kapitalforvaltning AS acquired a new stake in shares of South Plains Financial in the fourth quarter valued at approximately $101,000. BNP Paribas Financial Markets boosted its stake in shares of South Plains Financial by 72.4% during the 3rd quarter.
BNP Paribas Financial Markets now owns 4,503 shares of the company’s stock worth $153,000 after acquiring an additional 1,891 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of South Plains Financial by 20.9% during the 3rd quarter.
Public Employees Retirement System of Ohio now owns 4,631 shares of the company’s stock worth $157,000 after acquiring an additional 800 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in South Plains Financial by 26.8% during the 4th quarter.
SG Americas Securities LLC now owns 5,556 shares of the company’s stock valued at $193,000 after purchasing an additional 1,175 shares during the last quarter. Institutional investors and hedge funds own 54.95% of the company’s stock.
South Plains Financial Stock Up 2.0 %SPFI opened at $31.79 on Wednesday.
The stock has a fifty day moving average of $33.44 and a 200-day moving average of $35.04.
The company has a market capitalization of $524.09 million, a P/E ratio of 10.89 and a beta of 0.
46. South Plains Financial, Inc. has a fifty-two week low of $24.
81 and a fifty-two week high of $40.91. The company has a debt-to-equity ratio of 0.
25, a quick ratio of 0.92 and a current ratio of 0.92.
South Plains Financial (NASDAQ:SPFI – Get Free Report) last issued its quarterly earnings data 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 previous year, the business posted $0.
61 earnings per share. On average, equities analysts expect that South Plains Financial, Inc. will post 2.
85 EPS for the current year. South Plains Financial announced that its Board of Directors has authorized a share buyback plan on Tuesday, February 25th that allows the company to repurchase $15.00 million in outstanding shares.
This repurchase authorization allows the company to buy up to 2.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
South Plains Financial Dividend AnnouncementThe business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a dividend of $0.15 per share.
This represents a $0.60 dividend on an annualized basis and a yield of 1.89%.
The ex-dividend date was Monday, February 3rd. South Plains Financial’s dividend payout ratio is currently 20.55%.
Insiders Place Their BetsIn related news, Director Noe G. Valles purchased 100,000 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average price of $33.
00 per share, with a total value of $3,300,000.00. Following the completion of the purchase, the director now directly owns 486,437 shares in the company, valued at $16,052,421.
This trade represents a 25.88 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Also, CEO Curtis C. Griffith sold 15,422 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $35.
69, for a total transaction of $550,411.18. Following the sale, the chief executive officer now owns 854,818 shares in the company, valued at $30,508,454.
42. The trade was a 1.77 % decrease in their ownership of the stock.
The disclosure for this sale can be found here. Insiders have sold a total of 42,061 shares of company stock worth $1,493,613 in the last 90 days. Company insiders own 25.
39% of the company’s stock. Analyst Ratings ChangesSeveral equities analysts have commented on SPFI shares. Hovde Group upped their price objective on shares of South Plains Financial from $46.
00 to $47.00 and gave the company an “outperform” rating in a report on Monday, January 27th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $45.
00 price target (down from $46.00) on shares of South Plains Financial in a report on Monday, January 27th.View Our Latest Research Report on SPFISouth Plains Financial Company Profile (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.Recommended StoriesFive stocks we like better than South Plains FinancialWhat is a Bond Market Holiday? How to Invest and TradeBeware of BigBear.
ai: Insiders Are Selling—Should You?What is the MACD Indicator and How to Use it in Your TradingCrowdStrike Stock is a Buy as Cyberthreat Environment ExpandsBest Stocks Under $10.00 Congress! Who Traded What During the Tariff-Induced Meltdown Want to see what other hedge funds are holding SPFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for South Plains Financial, Inc.
(NASDAQ:SPFI – Free Report)..
