South Plains Financial (SPFI) News Today

South Plains Financial (NASDAQ:SPFI) Sees Large Volume Increase After Analyst Upgrade

Piper Sandler lifted their price target on South Plains Financial from $32.00 to $36.00 and gave the stock an "overweight" rating in a research report on Tuesday.

South Plains Financial (NASDAQ:SPFI) Hits New 52-Week High on Analyst Upgrade

South Plains Financial, Inc. (NASDAQ:SPFI) declared a quarterly dividend on Thursday, July 18th. Shareholders of record on Monday, July 29th will be paid a dividend of 0.14 per share on Monday, August 12th. This represents a $0.56 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Monday, July 29th.

South Plains Financial (NASDAQ:SPFI - Get Free Report) announced its earnings results on Thursday. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $0.10. South Plains Financial had a net margin of 21.23% and a return on equity of 11.19%. During the same quarter last year, the firm earned $0.55 EPS.

South Plains Financial (NASDAQ:SPFI) Reaches New 1-Year High at $30.96

South Plains Financial, Inc. (NASDAQ:SPFI - Get Free Report) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 52,400 shares, a growth of 52.8% from the June 15th total of 34,300 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 34,900 shares, the short-interest ratio is presently 1.5 days.

South Plains Financial (NASDAQ:SPFI) will be releasing earnings after the market closes on Thursday, July 18, Zacks reports. (Register for Conference Call at http://mmm.wallstreethorizon.com/u.asp?u=288591)

South Plains Financial, Inc. (NASDAQ:SPFI - Get Free Report) saw a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 31,200 shares, a decline of 23.5% from the May 15th total of 40,800 shares. Approximately 0.3% of the company's shares are sold short. Based on an average daily volume of 32,700 shares, the short-interest ratio is presently 1.0 days.

South Plains Financial, Inc. (NASDAQ:SPFI - Get Free Report) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 42,300 shares, a drop of 18.8% from the March 31st total of 52,100 shares. Currently, 0.4% of the company's stock are short sold. Based on an average daily trading volume, of 28,000 shares, the short-interest ratio is currently 1.5 days.

Hovde Group reduced their price objective on shares of South Plains Financial from $34.00 to $32.00 and set an "outperform" rating for the company in a research note on Friday.

South Plains Financial, Inc. (NASDAQ:SPFI) declared a quarterly dividend on Thursday, April 18th. Investors of record on Monday, April 29th will be paid a dividend of 0.14 per share on Monday, May 13th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Friday, April 26th.

South Plains Financial, Inc. (NASDAQ:SPFI - Get Free Report) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 52,100 shares, a decline of 21.8% from the March 15th total of 66,600 shares. Based on an average trading volume of 26,300 shares, the short-interest ratio is presently 2.0 days. Currently, 0.4% of the shares of the stock are sold short.

Rosenthal Henry Capital Advisors Inc. bought a new position in shares of South Plains Financial, Inc. (NASDAQ:SPFI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 84,400 shares of the company's stock, valued at

South Plains Financial, Inc. (NASDAQ:SPFI - Get Free Report) 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 sale, the chief executive officer now directly owns 1,103,797 shares of the company's stock, valued at approximately $27,318,975.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

South Plains Financial, Inc. (NASDAQ:SPFI - Get Free Report) CEO Curtis C. Griffith sold 50,000 shares of the business's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $25.00, for a total value of $1,250,000.00. Following the sale, the chief executive officer now owns 1,253,797 shares in the company, valued at $31,344,925. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.