Street Calls of the Week
Director Richard D. Campbell of South Plains Financial, Inc. (NASDAQ:SPFI), a $655 million market cap financial institution trading at a P/E ratio of 12.6, sold 60,000 shares of common stock on September 11 and 12, 2025, for approximately $2.4 million. According to InvestingPro, the stock is currently trading near its Fair Value.
The sales were executed in two separate transactions. On September 11, Campbell sold 44,417 shares at a weighted average price of $40.21, with prices ranging from $40.10 to $40.63. The total value of this transaction was approximately $1.78 million. Following this transaction, Campbell indirectly held 1,544,969 shares.
On September 12, Campbell sold an additional 15,583 shares at a weighted average price of $39.62, with prices ranging from $39.40 to $40.03. The total value of this transaction was approximately $617,000. Following this transaction, Campbell indirectly held 1,529,386 shares.
After the reported transactions, Campbell continues to indirectly hold 1,529,386 shares through Henry TAW LP, 40,000 shares through RIG LLC, and directly holds 9,761 shares. The company offers a 1.59% dividend yield and has raised its dividend for six consecutive years. For deeper insights into SPFI’s valuation and growth prospects, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, South Plains Financial reported a strong performance in its second quarter of 2025, exceeding both earnings and revenue expectations. The company achieved an earnings per share of $0.86, surpassing the forecasted $0.77, and reported revenue of $54.7 million, outperforming the expected $52.02 million. Additionally, Raymond James raised its price target for South Plains Financial to $42.00 from $38.00 while maintaining an Outperform rating, following the impressive quarterly results. The company’s net interest margin expanded by 9 basis points to 3.90%, excluding a one-time interest income recovery, which was above forecasts.
In other developments, South Plains Financial announced a 7% increase in its quarterly cash dividend, raising it to $0.16 per share. The dividend will be payable on August 11, 2025, to shareholders of record as of July 28, 2025. Furthermore, the company updated its bylaws to align with recent changes in Texas law, requiring shareholders or groups to hold at least 3% of the company’s common stock to initiate or maintain a derivative proceeding. These updates reflect the company’s adaptation to legislative changes under the Texas Business Organizations Code.
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