South Plains Financial (NASDAQ:SPFI) Downgraded by BidaskClub

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South Plains Financial (NASDAQ:SPFI) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Saturday, BidAskClub reports.

Shares of NASDAQ SPFI opened at $20.69 on Friday. The business’s 50-day moving average price is $21.14 and its two-hundred day moving average price is $18.38. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.96 and a quick ratio of 0.94. South Plains Financial has a one year low of $15.82 and a one year high of $22.00. The company has a market capitalization of $378.33 million and a P/E ratio of 12.24.

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of Montreal Can lifted its position in shares of South Plains Financial by 310.6% in the fourth quarter. Bank of Montreal Can now owns 1,273 shares of the company’s stock worth $27,000 after buying an additional 963 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of South Plains Financial by 1,378.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,360 shares of the company’s stock worth $28,000 after buying an additional 1,268 shares during the last quarter. Citigroup Inc. lifted its position in shares of South Plains Financial by 2,204.5% in the fourth quarter. Citigroup Inc. now owns 2,028 shares of the company’s stock worth $42,000 after buying an additional 1,940 shares during the last quarter. Morgan Stanley acquired a new stake in shares of South Plains Financial in the second quarter worth about $37,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of South Plains Financial in the fourth quarter worth about $49,000. Hedge funds and other institutional investors own 20.98% of the company’s stock.

About South Plains Financial

There is no company description available for South Plains Financial Inc

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