South Plains Financial (NASDAQ:SPFI) Short Interest Update

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South Plains Financial (NASDAQ:SPFI) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 234,400 shares, a growth of 400.9% from the December 31st total of 46,800 shares. Approximately 2.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 55,400 shares, the short-interest ratio is presently 4.2 days.

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

Shares of SPFI stock opened at $21.79 on Tuesday. South Plains Financial has a 52-week low of $15.82 and a 52-week high of $21.97. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.94 and a current ratio of 0.96. The firm has a market capitalization of $383.43 million and a PE ratio of 12.89. The stock has a fifty day simple moving average of $20.72 and a two-hundred day simple moving average of $18.03.

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Monday, January 27th will be paid a $0.03 dividend. The ex-dividend date is Friday, January 24th. This represents a $0.12 dividend on an annualized basis and a yield of 0.55%. South Plains Financial’s payout ratio is presently 7.10%.

A number of hedge funds have recently modified their holdings of SPFI. Penn Capital Management Co. Inc. purchased a new stake in South Plains Financial in the 2nd quarter worth $858,000. Northern Trust Corp purchased a new stake in South Plains Financial in the 2nd quarter worth $185,000. BlackRock Inc. purchased a new stake in South Plains Financial in the 2nd quarter worth $2,529,000. Tower Research Capital LLC TRC purchased a new stake in South Plains Financial in the 2nd quarter worth $66,000. Finally, Vanguard Group Inc. purchased a new stake in South Plains Financial in the 2nd quarter worth $1,067,000. Institutional investors and hedge funds own 20.88% of the company’s stock.

About South Plains Financial

There is no company description available for South Plains Financial Inc

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