2 weeks Ago By ABMN Staff
Russell Investments Group Ltd. cut its holdings in South Plains Financial, Inc. ( NASDAQ:SPFI – Free Report ) by 14.
3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 77,579 shares of the company’s stock after selling 12,932 shares during the period.
Russell Investments Group Ltd.’s holdings in South Plains Financial were worth $2,696,000 as of its most recent SEC filing. Other institutional investors have also added to or reduced their stakes in the company.
FMR LLC raised its stake in shares of South Plains Financial by 39.3% in the third 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 bought a new stake in South Plains Financial in the 4th quarter worth about $101,000. 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 buying an additional 800 shares during the last quarter. SG Americas Securities LLC lifted its stake 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 acquiring an additional 1,175 shares during the period. Finally, Truist Financial Corp purchased a new stake in shares of South Plains Financial during the 4th quarter valued at about $205,000. 54.
95% of the stock is currently owned by hedge funds and other institutional investors. Insider Buying and Selling at South Plains Financial In related news, Director Noe G. Valles acquired 100,000 shares of the stock in a transaction dated Monday, March 10th.
The shares were purchased at an average cost of $33.00 per share, with a total value of $3,300,000.00.
Following the transaction, the director now directly owns 486,437 shares in the company, valued at approximately $16,052,421. This represents a 25.88 % increase in their ownership of the stock.
The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink . Also, CEO Curtis C. Griffith sold 15,422 shares of the stock in a transaction that occurred on Wednesday, February 12th.
The stock was sold at an average price of $35.69, for a total transaction of $550,411.18.
Following the completion of the sale, the chief executive officer now directly owns 854,818 shares of the company’s stock, valued at $30,508,454.42. This represents a 1.
77 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Over the last quarter, insiders sold 42,061 shares of company stock valued at $1,493,613.
Company insiders own 25.39% of the company’s stock. South Plains Financial Price Performance South Plains Financial ( NASDAQ:SPFI – Get Free Report ) last announced its earnings results on Friday, January 24th.
The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the company earned $0.61 earnings per share.
Equities research analysts anticipate that South Plains Financial, Inc. will post 2.85 earnings per share for the current year.
South Plains Financial declared that its Board of Directors has authorized a stock repurchase program on Tuesday, February 25th that permits the company to repurchase $15.00 million in shares. This repurchase authorization permits the company to buy up to 2.
7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued. South Plains Financial Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Monday, May 12th.
Investors of record on Monday, April 28th will be given a dividend of $0.15 per share. This represents a $0.
60 annualized dividend and a yield of 1.86%. South Plains Financial’s dividend payout ratio (DPR) is presently 20.
55%. Analyst Upgrades and Downgrades SPFI has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods restated 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 increased their price target on South Plains Financial from $46.
00 to $47.00 and gave the company an “outperform” rating in a report on Monday, January 27th. View Our Latest Research Report on SPFI 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. Featured Stories 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 ). Receive News & Ratings for South Plains Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for South Plains Financial and related companies with MarketBeat.
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