South Plains Financial’s (NASDAQ:SPFI) quiet period is set to expire on Tuesday, June 18th. South Plains Financial had issued 3,380,000 shares in its IPO on May 9th. The total size of the offering was $59,150,000 based on an initial share price of $17.50. During South Plains Financial’s quiet period, insiders and underwriters involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
A number of research analysts have recently commented on SPFI shares. Keefe, Bruyette & Woods started coverage on shares of South Plains Financial in a research report on Monday, June 3rd. They set an “outperform” rating and a $22.00 price objective for the company. Sandler O’Neill started coverage on shares of South Plains Financial in a research report on Monday, June 3rd. They set a “buy” rating and a $21.00 price objective for the company.
Shares of SPFI opened at $17.98 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 1.13. South Plains Financial has a 52 week low of $16.04 and a 52 week high of $18.70.
About South Plains Financial
There is no company description available for South Plains Financial Inc
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