South Plains Financial (NASDAQ:SPFI) Short Interest Down 47.5% in February

South Plains Financial (NASDAQ:SPFI) was the recipient of a large decline in short interest in the month of February. As of February 14th, there was short interest totalling 104,200 shares, a decline of 47.5% from the January 30th total of 198,500 shares. Based on an average trading volume of 53,700 shares, the short-interest ratio is currently 1.9 days. Approximately 1.0% of the company’s shares are short sold.

Separately, BidaskClub upgraded South Plains Financial from a “sell” rating to a “hold” rating in a report on Tuesday.

Shares of NASDAQ:SPFI traded up $0.01 during midday trading on Wednesday, reaching $20.50. The company’s stock had a trading volume of 4,100 shares, compared to its average volume of 23,158. The firm has a market cap of $369.03 million and a price-to-earnings ratio of 12.13. The business has a 50 day moving average price of $21.10 and a 200 day moving average price of $18.58. South Plains Financial has a 1 year low of $15.82 and a 1 year high of $22.00. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 0.56.

South Plains Financial (NASDAQ:SPFI) last released its earnings results on Friday, January 24th. The company reported $0.55 earnings per share for the quarter. South Plains Financial had a return on equity of 11.68% and a net margin of 15.41%. The firm had revenue of $45.36 million for the quarter. Sell-side analysts anticipate that South Plains Financial will post 1.9 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Monday, January 27th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.59%. The ex-dividend date was Friday, January 24th. South Plains Financial’s dividend payout ratio (DPR) is 7.10%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Banc Funds Co. LLC lifted its holdings in shares of South Plains Financial by 5.6% during the 4th quarter. Banc Funds Co. LLC now owns 209,919 shares of the company’s stock worth $4,381,000 after acquiring an additional 11,100 shares during the period. FMR LLC boosted its position in shares of South Plains Financial by 18.9% in the fourth quarter. FMR LLC now owns 164,266 shares of the company’s stock worth $3,429,000 after acquiring an additional 26,141 shares during the last quarter. State Street Corp boosted its position in shares of South Plains Financial by 129.3% in the fourth quarter. State Street Corp now owns 125,904 shares of the company’s stock worth $2,628,000 after acquiring an additional 70,988 shares during the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new stake in South Plains Financial in the fourth quarter valued at approximately $1,812,000. Finally, Geode Capital Management LLC grew its holdings in South Plains Financial by 88.7% in the fourth quarter. Geode Capital Management LLC now owns 76,773 shares of the company’s stock valued at $1,602,000 after purchasing an additional 36,095 shares during the period. 22.74% of the stock is owned by institutional investors.

South Plains Financial Company Profile

There is no company description available for South Plains Financial Inc

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