BNP Paribas Financial Markets Has $153,000 Stock Holdings in South Plains Financial, Inc. (NASDAQ:SPFI)

BNP Paribas Financial Markets lifted its holdings in shares of South Plains Financial, Inc. (NASDAQ:SPFI) by 72.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,503 shares of the company’s stock after purchasing an additional 1,891 shares during the period. BNP Paribas Financial Markets’ holdings in South Plains Financial were worth $153,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. US Bancorp DE bought a new position in shares of South Plains Financial during the 3rd quarter worth approximately $36,000. FMR LLC lifted its position 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 valued at $47,000 after acquiring an additional 394 shares during the period. SG Americas Securities LLC acquired a new position in shares of South Plains Financial during the 3rd quarter valued at $149,000. Creative Planning bought a new position in South Plains Financial during the third quarter worth $504,000. Finally, Salzhauer Michael grew its holdings in South Plains Financial by 87.1% in the second quarter. Salzhauer Michael now owns 18,708 shares of the company’s stock worth $505,000 after purchasing an additional 8,708 shares during the period. Institutional investors and hedge funds own 54.95% of the company’s stock.

South Plains Financial Trading Down 2.4 %

NASDAQ SPFI opened at $38.26 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.25. South Plains Financial, Inc. has a 52 week low of $24.05 and a 52 week high of $40.90. The business has a 50 day moving average price of $36.96 and a 200-day moving average price of $32.90. The company has a market cap of $627.08 million, a price-to-earnings ratio of 14.89 and a beta of 0.60.

South Plains Financial (NASDAQ:SPFI) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. South Plains Financial had a net margin of 15.51% and a return on equity of 10.39%. The business had revenue of $72.28 million during the quarter, compared to analyst estimates of $48.90 million. During the same quarter in the previous year, the business posted $0.78 EPS. As a group, equities analysts expect that South Plains Financial, Inc. will post 2.62 earnings per share for the current fiscal year.

South Plains Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Monday, October 28th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date was Monday, October 28th. This is a positive change from South Plains Financial’s previous quarterly dividend of $0.14. South Plains Financial’s dividend payout ratio is currently 23.35%.

Wall Street Analyst Weigh In

Separately, Hovde Group upped their price objective on shares of South Plains Financial from $36.00 to $41.00 and gave the company an “outperform” rating in a report on Friday, October 25th.

Insider Activity at South Plains Financial

In related news, CEO Curtis C. Griffith sold 50,000 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $33.50, for a total value of $1,675,000.00. Following the completion of the sale, the chief executive officer now directly owns 865,967 shares of the company’s stock, valued at approximately $29,009,894.50. This represents a 5.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 25.39% of the stock is owned by insiders.

About South Plains Financial

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.