<div id="readability-page-1"><p>JPMorgan Chase &amp; Co. raised its stake in  South Plains Financial, Inc. (NASDAQ:SPFI - Free Report) by 34.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 346,567 shares of the company's stock after buying an additional 88,992 shares during the quarter. JPMorgan Chase &amp; Co. owned 2.13% of South Plains Financial worth $12,490,000 as of its most recent filing with the Securities and Exchange Commission.</p><p>Several other institutional investors also recently modified their holdings of SPFI. Truist Financial Corp acquired a new position in  South Plains Financial during the second quarter valued at approximately $212,000.  Invesco Ltd. raised its holdings in  South Plains Financial by 352.5% in the first quarter. Invesco Ltd. now owns 92,768 shares of the company's stock worth $3,072,000 after purchasing an additional 72,269 shares during the period.  Dynamic Technology Lab Private Ltd bought a new position in shares of  South Plains Financial during the second quarter worth $336,000.  Vanguard Group Inc. grew its holdings in shares of  South Plains Financial by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 678,579 shares of the company's stock valued at $22,475,000 after buying an additional 15,942 shares during the period.  Finally, Nuveen LLC acquired a new position in shares of  South Plains Financial in the 1st quarter valued at $1,809,000. 54.95% of the stock is currently owned by institutional investors and hedge funds. </p><div><p><span></span><span>Get <strong>South Plains Financial</strong> alerts:</span></p></div><h2>Insiders Place Their Bets</h2><p>In other South Plains Financial news, Director Richard D. Campbell sold 44,417 shares of South Plains Financial stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $40.21, for a total value of $1,786,007.57. Following the sale, the director directly owned 1,544,969 shares in the company, valued at approximately $62,123,203.49. The trade was a 2.79% decrease in their position. The sale was disclosed in a filing with the Securities &amp; Exchange Commission, which is accessible through this link. Company insiders own  25.39% of the company's stock. </p><h2>South Plains Financial Stock Down 0.9%</h2><p>NASDAQ:SPFI opened at $38.93 on Monday. The stock has a 50-day simple moving average of $37.70 and a 200 day simple moving average of $37.91. South Plains Financial, Inc. has a 52-week low of $30.01 and a 52-week high of $42.38. The company has a market cap of $632.61 million, a PE ratio of 11.12 and a beta of 0.61. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.93 and a current ratio of 0.93. </p><p>South Plains Financial (NASDAQ:SPFI - Get Free Report) last released its earnings results on Thursday, October 23rd. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.87 by $0.09. South Plains Financial had a return on equity of 13.16% and a net margin of 20.09%.The firm had revenue of $54.18 million for the quarter, compared to analysts' expectations of $54.07 million.  On average, sell-side analysts expect that  South Plains Financial, Inc. will post 2.85 EPS for the current fiscal year. </p><h2>South Plains Financial Dividend Announcement</h2><p>The firm also recently announced a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Monday, October 27th were issued a dividend of $0.16 per share. The ex-dividend date was Monday, October 27th. This represents a $0.64 annualized dividend and a yield of 1.6%. South Plains Financial's dividend payout ratio  is presently 18.29%. </p><h2>Analyst Upgrades and Downgrades</h2><p>Several brokerages recently commented on SPFI. Keefe, Bruyette &amp; Woods raised their price objective on South Plains Financial from $44.00 to $45.00 and gave the stock an &#34;outperform&#34; rating in a research note on Friday, October 24th. Piper Sandler downgraded South Plains Financial from an &#34;overweight&#34; rating to a &#34;neutral&#34; rating and lowered their price target for the stock from $44.00 to $41.00 in a report on Friday, October 24th. Hovde Group raised their price target on South Plains Financial from $45.00 to $48.00 and gave the stock an &#34;outperform&#34; rating in a research report on Friday, October 24th. Weiss Ratings  reiterated a &#34;buy (b-)&#34; rating on shares of South Plains Financial in a report on Wednesday, October 8th. Finally, Zacks Research lowered South Plains Financial from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a research report on Monday, September 15th. Four research analysts have rated the stock with a Buy rating and two have issued  a Hold rating to the stock. According to MarketBeat.com, South Plains Financial  has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $44.00.</p><p><b>Get Our Latest Stock Analysis on SPFI</b></p><h2>South Plains Financial Profile</h2> (Free Report)<p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than South Plains Financial</li><li>Do ETFs Pay Dividends? What You Need to Know</li><li>Rubrik’s Massive Rebound: Why the Next Leg Higher Could Be Fast</li><li>Growth Investing: Should You Adopt This Investing Strategy in 2022?</li><li>Five Below and Dollar Tree Earnings Signal a Shopper Shift</li><li>EV Stocks and How to Profit from Them </li><li>Ulta’s Stock May Be Set for a Glow-Up—20% Upside Ahead?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U1BGSQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U1BGSQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in South Plains Financial Right Now?</h2><p>Before you consider South Plains Financial, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and South Plains Financial wasn't on the list.</p><p>While South Plains Financial currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

SPFI

<p>JPMorgan Chase & Co. increased its stake in South Plains Financial, Inc. by 34.5% in Q2, owning 2.13% of the company. Analysts have mixed ratings, with some upgrading and others downgrading the stock. South Plains Financial reported strong earnings, beating estimates, and announced a quarterly dividend. The stock has a moderate buy rating from analysts.</p>

JPMorgan Chase & Co. Buys 88,992 Shares of South Plains Financial, Inc. $SPFI