South Plains Financial declared a quarterly cash dividend of $0.15 per share, payable February 18, 2025.
Quiver AI Summary
South Plains Financial, Inc. has announced a quarterly cash dividend of $0.15 per share, which will be paid on February 18, 2025, to shareholders who are on record by the close of business on February 3, 2025. South Plains, the parent company of City Bank, operates one of the largest independent banks in West Texas and offers a variety of financial services, including commercial and retail banking, investment, trust, and mortgage services, across several markets in Texas and New Mexico. More information can be found on their website.
Potential Positives
- South Plains Financial, Inc. has declared a quarterly cash dividend of $0.15 per share, reflecting the company's commitment to returning value to shareholders.
- The dividend payment enhances investor confidence and signals positive financial performance and stability within the organization.
- This announcement indicates that the company is in a strong financial position, allowing it to distribute earnings to shareholders while also supporting its growth and operations.
- The timely payment date of February 18, 2025, allows shareholders to plan accordingly and reinforces the company's reliability in honoring its financial obligations.
Potential Negatives
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FAQ
What is the latest dividend declared by South Plains Financial?
South Plains Financial has declared a quarterly cash dividend of $0.15 per share.
When will the dividend be paid to shareholders?
The dividend will be payable on February 18, 2025.
What is the record date for the dividend?
Shareholders must be on record by the close of business on February 3, 2025.
Where is South Plains Financial headquartered?
South Plains Financial is headquartered in Lubbock, Texas.
What services does South Plains Financial offer?
South Plains Financial provides commercial and consumer financial services, including banking and investment services.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SPFI Insider Trading Activity
$SPFI insiders have traded $SPFI stock on the open market 9 times in the past 6 months. Of those trades, 2 have been purchases and 7 have been sales.
Here’s a breakdown of recent trading of $SPFI stock by insiders over the last 6 months:
- CURTIS C GRIFFITH (Chairman and CEO) has made 0 purchases and 7 sales selling 150,000 shares for an estimated $4,729,469.
- NOE G VALLES has made 2 purchases buying 100,000 shares for an estimated $3,175,000 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$SPFI Hedge Fund Activity
We have seen 55 institutional investors add shares of $SPFI stock to their portfolio, and 36 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- M3F, INC. removed 242,127 shares (-86.0%) from their portfolio in Q3 2024, for an estimated $8,212,947
- JPMORGAN CHASE & CO added 117,207 shares (+200.1%) to their portfolio in Q3 2024, for an estimated $3,975,661
- DEPRINCE RACE & ZOLLO INC added 103,284 shares (+inf%) to their portfolio in Q3 2024, for an estimated $3,503,393
- RUSSELL INVESTMENTS GROUP, LTD. added 90,511 shares (+inf%) to their portfolio in Q3 2024, for an estimated $3,070,133
- VANGUARD GROUP INC added 90,156 shares (+15.5%) to their portfolio in Q3 2024, for an estimated $3,058,091
- HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC added 84,960 shares (+inf%) to their portfolio in Q3 2024, for an estimated $2,881,843
- BLACKROCK, INC. added 50,554 shares (+4.0%) to their portfolio in Q3 2024, for an estimated $1,714,791
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
LUBBOCK, Texas, Jan. 23, 2025 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains”), the parent company of City Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per share of common stock. The dividend is payable on February 18, 2025 to shareholders of record as of the close of business on February 3, 2025.
About South Plains Financial, Inc.
South Plains is the bank holding company for City Bank, a Texas state-chartered bank headquartered in Lubbock, Texas. City Bank is one of the largest independent banks in West Texas and has additional banking operations in the Dallas, El Paso, Greater Houston, the Permian Basin, and College Station, Texas markets, and the Ruidoso, New Mexico market. South Plains provides a wide range of commercial and consumer financial services to small and medium-sized businesses and individuals in its market areas. Its principal business activities include commercial and retail banking, along with investment, trust and mortgage services. Please visit https://www.spfi.bank for more information.
Contact: | Mikella Newsom, Chief Risk Officer and Secretary |
[email protected] | |
(866) 771-3347 |
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Source: South Plains Financial, Inc.