Guggenheim Capital LLC Trims Stock Position in Simmons First National Co. (NASDAQ:SFNC)

Guggenheim Capital LLC trimmed its holdings in shares of Simmons First National Co. (NASDAQ:SFNC) by 12.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,967 shares of the bank’s stock after selling 7,814 shares during the quarter. Guggenheim Capital LLC’s holdings in Simmons First National were worth $1,264,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp bought a new stake in Simmons First National during the fourth quarter valued at approximately $29,000. Smartleaf Asset Management LLC lifted its holdings in shares of Simmons First National by 168.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,144 shares of the bank’s stock worth $48,000 after acquiring an additional 1,345 shares during the last quarter. Sterling Capital Management LLC grew its position in Simmons First National by 813.8% in the fourth quarter. Sterling Capital Management LLC now owns 3,911 shares of the bank’s stock worth $87,000 after acquiring an additional 3,483 shares in the last quarter. KBC Group NV increased its stake in Simmons First National by 31.0% in the fourth quarter. KBC Group NV now owns 6,091 shares of the bank’s stock valued at $135,000 after acquiring an additional 1,443 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in Simmons First National during the fourth quarter valued at about $212,000. Hedge funds and other institutional investors own 27.58% of the company’s stock.

Wall Street Analyst Weigh In

SFNC has been the topic of a number of analyst reports. Stephens decreased their target price on shares of Simmons First National from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Monday. Piper Sandler upgraded Simmons First National from an “underweight” rating to a “neutral” rating and increased their target price for the company from $20.00 to $21.00 in a report on Monday. Finally, Keefe, Bruyette & Woods decreased their price target on Simmons First National from $23.00 to $21.00 and set a “market perform” rating on the stock in a research note on Monday.

Simmons First National Stock Up 0.1 %

Shares of NASDAQ:SFNC opened at $17.41 on Tuesday. The stock’s 50-day moving average is $20.18 and its 200 day moving average is $22.12. The company has a market cap of $2.19 billion, a PE ratio of 14.39 and a beta of 0.82. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.79 and a quick ratio of 0.79. Simmons First National Co. has a 1 year low of $16.03 and a 1 year high of $25.95.

Simmons First National (NASDAQ:SFNC) last announced its earnings results on Wednesday, April 16th. The bank reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.10). The business had revenue of $209.58 million for the quarter, compared to the consensus estimate of $209.00 million. Simmons First National had a net margin of 10.46% and a return on equity of 5.10%. During the same quarter in the prior year, the company earned $0.32 EPS. Sell-side analysts anticipate that Simmons First National Co. will post 1.66 EPS for the current year.

Simmons First National Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were paid a dividend of $0.2125 per share. This is a positive change from Simmons First National’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, March 14th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 4.88%. Simmons First National’s payout ratio is presently 73.28%.

Simmons First National Profile

Simmons First National Corporation operates as the holding company for Simmons Bank that provides banking and other financial products and services to individuals and businesses. The company offers checking, savings, and time deposits; consumer, real estate, and commercial loans; agricultural finance, equipment, and small business administration lending; trust and fiduciary services; credit cards; investment management products; treasury management; insurance products; and securities and investment services.