South Plains (SPFI) Announces New $10M Share Repurchase Plan [Yahoo! Finance]
South Plains Financial, Inc. (SPFI)
Last south plains financial, inc. earnings: 4/30 04:10 pm
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Source: Yahoo! Finance
This plan is set to expire on Feb 21, 2025. Prior to this, SPFI had announced a share repurchase plan in 2023 worth $15 million. The plan was completely exhausted by fourth-quarter 2023-end as it repurchased a total of 686,000 shares in the prior year. South Plains' chief executive officer, Curtis Griffith, stated, “I am very pleased with the momentum in our business highlighted by our strong full year 2023 financial results combined with the many opportunities that we have in front of us to further grow the Bank.” He also added, “However, we believe that our shares continue to trade below intrinsic value. As a result, our board has authorized a $10.0 million stock repurchase program to buy back our own stock, which we believe is currently the most compelling acquisition that we can make in today's market.” Apart from opportunistic share repurchases, SPFI has been regularly paying its dividends to enhance shareholder value. Last month, the company announced a quarterly cash di
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SPFI
News
- South Plains Financial, Inc. (NASDAQ: SPFI) had its price target lowered by analysts at Hovde Group from $34.00 to $32.00. They now have an "outperform" rating on the stock.MarketBeat
- South Plains Financial, Inc. Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- South Plains Financial, Inc. Reports First Quarter 2024 Financial ResultsGlobeNewswire
- South Plains Financial (SPFI) Announces 7.7% Dividend Hike [Yahoo! Finance]Yahoo! Finance
- South Plains Financial, Inc. Announces 8% Increase to Quarterly Cash DividendGlobeNewswire
SPFI
Earnings
- 4/25/24 - Beat
SPFI
Sec Filings
- 4/25/24 - Form 8-K
- 4/18/24 - Form 8-K
- 4/8/24 - Form ARS
- SPFI's page on the SEC website