The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. South Plains Financial Inc shares valued at $3,300,000 were purchased by Valles Noe G on Mar 10 ’25. At $33.00 per share, Valles Noe G acquired 100,000 shares. The insider’s holdings grew to 486,437 shares worth approximately $17.01 million following the completion of this transaction.
Also, Griffith Curtis C sold 100,000 shares, netting a total of over 3,300,000 in proceeds. Following the sale of shares at $33.00 each, the insider now holds 457,240 shares.
Before that, Griffith Curtis C had sold 21,443 shares from its account. In a trade valued at $758,224, the Chairman and CEO traded South Plains Financial Inc shares for $35.36 each. Upon closing the transaction, the insider’s holdings decreased to 21,443 shares, worth approximately $28.23 million.
As published in a research note from Hovde Group on January 27, 2025, South Plains Financial Inc [SPFI] has been retained to an Outperform and the price target has been revised to $47. Analysts at Hovde Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in late October. As of July 19, 2024, Hovde Group has reiterated its “an Outperform” rating for SPFI. Earlier on April 26, 2024, Hovde Group resumed its rating. Their recommendation was “an Outperform” for SPFI stock.
Analyzing SPFI Stock Performance
On last trading session,, South Plains Financial Inc [NASDAQ: SPFI] plunged -0.46% to $34.97. During the last five days, there has been a drop of approximately -3.95%. Over the course of the year, South Plains Financial Inc shares have jumped approximately 0.63%. Shares of the company reached a 52-week high of $37.95 on 01/24/25 and a 52-week low of $30.01 on 04/04/25.
Support And Resistance Levels for South Plains Financial Inc (SPFI)
According to the 24-hour chart, there is a support level at 34.52, which, if violated, would cause prices to drop to 34.07. In the upper region, resistance lies at 35.51. The next price resistance is at 36.05. RSI (Relative Strength Index) is 45.43 on the 14-day chart, showing neutral technical sentiment.
Which companies own the most shares of South Plains Financial Inc (SPFI)?
In terms of South Plains Financial Inc share price expectations, FactSet research, analysts set an average price target of 36 in the next 12 months, up nearly 2.48% from the previous closing price of $35.13. Analysts anticipate South Plains Financial Inc stock to reach 36 by 2025, with the lowest price target being 36. In spite of this, 2 analysts ranked South Plains Financial Inc stock as Buy at the end of 2025. On July 14, 2023, Hovde Group assigned a price target of “an Outperform” to the stock and initiated coverage with a $28.
