Recent Investment Analysts’ Ratings Changes for South Plains Financial (SPFI)

Several brokerages have updated their recommendations and price targets on shares of South Plains Financial (NASDAQ: SPFI) in the last few weeks:

• 5/10/2026 – South Plains Financial was upgraded by Wall Street Zen from “sell” to “hold”.
• 5/8/2026 – South Plains Financial was upgraded by Weiss Ratings from “buy (b)” to “buy (b+)”.
• 5/2/2026 – South Plains Financial was downgraded by Wall Street Zen from “hold” to “sell”.
• 4/30/2026 – South Plains Financial had its price target lowered by Piper Sandler from $48.00 to $46.00. They now have an “overweight” rating on the stock.
• 4/24/2026 – South Plains Financial had its “buy (b)” rating reaffirmed by Weiss Ratings.
• 3/27/2026 – South Plains Financial was downgraded by Zacks Research from “strong-buy” to “hold”.

South Plains Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, April 27th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, April 27th. South Plains Financial’s payout ratio is presently 19.05%.

Insider Activity

In related news, Director James D. Stein sold 10,000 shares of South Plains Financial stock in a transaction on Friday, May 8th. The shares were sold at an average price of $40.38, for a total transaction of $403,800.00. Following the transaction, the director owned 362,872 shares in the company, valued at approximately $14,652,771.36. The trade was a 2.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 24.29% of the company’s stock.

South Plains Financial, Inc is the bank holding company for South Plains Bank, a community-oriented financial institution headquartered in Lubbock, Texas. The company operates as a full-service commercial bank, providing a broad spectrum of banking solutions to individuals, small businesses and agricultural clients. Its principal subsidiary, South Plains Bank, holds state and national banking charters and is subject to regulatory oversight by the Federal Reserve and various state banking authorities.

The company’s product offerings include traditional deposit accounts such as checking, savings and money market accounts, as well as time deposits.