South Plains Financial (SPFI) Scheduled to Post Quarterly Earnings on Thursday

South Plains Financial (NASDAQ:SPFIGet Rating) will be issuing its quarterly earnings data after the market closes on Thursday, January 26th. Analysts expect the company to announce earnings of $0.62 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

South Plains Financial Price Performance

Shares of NASDAQ SPFI opened at $27.96 on Wednesday. The firm has a market cap of $475.32 million, a PE ratio of 8.45 and a beta of 0.64. The firm has a fifty day moving average of $29.12 and a 200 day moving average of $28.09. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.85 and a current ratio of 0.86. South Plains Financial has a one year low of $22.47 and a one year high of $31.96.

South Plains Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 13th. Investors of record on Monday, January 30th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.86%. The ex-dividend date is Friday, January 27th. This is a positive change from South Plains Financial’s previous quarterly dividend of $0.12. South Plains Financial’s payout ratio is presently 14.50%.

Wall Street Analyst Weigh In

Separately, Piper Sandler boosted their price target on shares of South Plains Financial to $30.00 in a report on Thursday, September 29th.

Insider Transactions at South Plains Financial

In other news, Director Richard D. Campbell sold 4,300 shares of the company’s stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $30.47, for a total transaction of $131,021.00. Following the completion of the sale, the director now owns 1,643,786 shares of the company’s stock, valued at $50,086,159.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Richard D. Campbell sold 4,300 shares of the company’s stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $30.47, for a total transaction of $131,021.00. Following the completion of the sale, the director now owns 1,643,786 shares of the company’s stock, valued at $50,086,159.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard D. Campbell sold 4,701 shares of the company’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $30.78, for a total transaction of $144,696.78. Following the sale, the director now directly owns 1,654,086 shares of the company’s stock, valued at approximately $50,912,767.08. The disclosure for this sale can be found here. Insiders sold 44,001 shares of company stock valued at $1,297,018 over the last 90 days. 25.86% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On South Plains Financial

A number of large investors have recently modified their holdings of SPFI. BlackRock Inc. boosted its position in shares of South Plains Financial by 14.0% during the 3rd quarter. BlackRock Inc. now owns 1,092,186 shares of the company’s stock valued at $30,101,000 after acquiring an additional 133,929 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of South Plains Financial by 43.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 137,310 shares of the company’s stock valued at $3,785,000 after acquiring an additional 41,425 shares during the last quarter. Two Sigma Advisers LP acquired a new position in shares of South Plains Financial during the 3rd quarter valued at about $1,031,000. Marshall Wace LLP acquired a new position in shares of South Plains Financial during the 3rd quarter valued at about $969,000. Finally, Two Sigma Investments LP acquired a new position in shares of South Plains Financial during the 3rd quarter valued at about $883,000. Hedge funds and other institutional investors own 25.63% of the company’s stock.

About South Plains Financial

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South Plains Financial, Inc is a bank holding company, which engages in the provision of commercial and retail banking services through its subsidiary, City Bank. The firm also offers insurance, investment, trust and mortgage services through its other non-bank subsidiaries. It operates through the Community Banking and Insurance business segments.

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Earnings History for South Plains Financial (NASDAQ:SPFI)

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