South Plains Financial (NASDAQ:SPFI) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 48,400 shares, an increase of 11.3% from the September 30th total of 43,500 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 20,000 shares, the short-interest ratio is currently 2.4 days.

Shares of NASDAQ SPFI traded up $0.73 during midday trading on Friday, reaching $18.88. The company’s stock had a trading volume of 22,000 shares, compared to its average volume of 58,143. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.58. South Plains Financial has a fifty-two week low of $15.82 and a fifty-two week high of $19.00. The stock’s 50 day moving average price is $16.73.

South Plains Financial (NASDAQ:SPFI) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.10. The business had revenue of $40.68 million during the quarter.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Monday, October 28th were paid a $0.03 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.12 annualized dividend and a dividend yield of 0.64%.

Several institutional investors have recently modified their holdings of SPFI. Morgan Stanley bought a new stake in shares of South Plains Financial in the second quarter worth $37,000. Tower Research Capital LLC TRC bought a new stake in shares of South Plains Financial in the second quarter worth $66,000. Victory Capital Management Inc. bought a new stake in shares of South Plains Financial in the second quarter worth $84,000. Northern Trust Corp bought a new stake in shares of South Plains Financial in the second quarter worth $185,000. Finally, Strs Ohio boosted its position in South Plains Financial by 1,422.2% during the third quarter. Strs Ohio now owns 13,700 shares of the company’s stock valued at $223,000 after acquiring an additional 12,800 shares during the last quarter. 19.95% of the stock is currently owned by institutional investors.

Separately, ValuEngine upgraded shares of South Plains Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.

South Plains Financial Company Profile

There is no company description available for South Plains Financial Inc

See Also: Book Value Per Share – BVPS

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