BlackRock Updates SPFI Stake: Now Owns 1,006,207 Shares
Ticker: SPFI · Form: SC 13G/A · Filed: Feb 8, 2024 · CIK: 1163668
| Field | Detail |
|---|---|
| Company | South Plains Financial, Inc. (SPFI) |
| Form Type | SC 13G/A |
| Filed Date | Feb 8, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, form-13g, shareholder-update
TL;DR
**BlackRock just updated its SPFI stake, now holding over 1 million shares.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on February 8, 2024, indicating a change in its ownership stake in South Plains Financial, Inc. (NASDAQ: SPFI). As of January 31, 2024, BlackRock reported beneficial ownership of 1,006,207 shares of South Plains Financial's Common Stock. This filing is important for investors as it shows a major institutional investor's updated position, which can influence market perception and potentially the stock's liquidity.
Why It Matters
This filing reveals BlackRock's current significant ownership in South Plains Financial, providing transparency on institutional holdings that can impact investor confidence and trading activity.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor and does not inherently signal significant risk for the company.
Analyst Insight
Investors should note BlackRock's continued significant, though potentially adjusted, stake in South Plains Financial, Inc. and consider it as one factor among many when evaluating the stock, without over-interpreting a routine amendment.
Key Numbers
- 1,006,207 — Shares Beneficially Owned (Represents BlackRock Inc.'s total beneficial ownership in South Plains Financial, Inc. as of January 31, 2024.)
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- SOUTH PLAINS FINANCIAL, INC. (company) — the issuer whose securities are being reported
- 1,006,207 (dollar_amount) — number of shares beneficially owned by BlackRock Inc.
- January 31, 2024 (date) — the date of the event requiring the filing
- February 8, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- BlackRock will maintain a significant stake in South Plains Financial, Inc. for the foreseeable future. (BlackRock Inc.) — medium confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., a security broker, dealer, and flotation company based in New York, NY.
What is the name of the issuer whose securities are being reported?
The issuer is SOUTH PLAINS FINANCIAL, INC., a state commercial bank based in Lubbock, TX.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of South Plains Financial, Inc. is 83946P107.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was January 31, 2024.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 8, 2024 regarding SOUTH PLAINS FINANCIAL, INC. (SPFI).