NewEdge Advisors LLC Purchases 26,250 Shares of Simmons First National Corporation $SFNC

NewEdge Advisors LLC grew its position in shares of Simmons First National Corporation (NASDAQ:SFNC) by 137.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,329 shares of the bank’s stock after buying an additional 26,250 shares during the period. NewEdge Advisors LLC’s holdings in Simmons First National were worth $882,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of SFNC. Bessemer Group Inc. grew its stake in shares of Simmons First National by 156.0% in the first quarter. Bessemer Group Inc. now owns 1,518 shares of the bank’s stock valued at $29,000 after acquiring an additional 925 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Simmons First National by 197.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,663 shares of the bank’s stock worth $32,000 after purchasing an additional 1,104 shares in the last quarter. Hantz Financial Services Inc. raised its stake in Simmons First National by 35.6% in the 4th quarter. Hantz Financial Services Inc. now owns 1,884 shares of the bank’s stock worth $36,000 after purchasing an additional 495 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in Simmons First National by 32.0% in the 2nd quarter. Osaic Holdings Inc. now owns 2,658 shares of the bank’s stock valued at $50,000 after purchasing an additional 644 shares during the period. Finally, Systematic Financial Management LP bought a new stake in Simmons First National in the 4th quarter valued at about $66,000. Institutional investors and hedge funds own 27.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SFNC. Raymond James Financial reiterated an “outperform” rating and issued a $25.00 price target on shares of Simmons First National in a research report on Friday, July 17th. Morgan Stanley restated a “positive” rating on shares of Simmons First National in a research note on Monday, June 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Simmons First National in a report on Tuesday, July 21st. DA Davidson reiterated a “neutral” rating and set a $23.00 target price on shares of Simmons First National in a research report on Friday, July 17th. Finally, National Bank Financial set a $25.00 target price on Simmons First National in a report on Monday, July 20th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $24.50.

Simmons First National Stock Down 1.1%

Shares of NASDAQ:SFNC opened at $23.68 on Wednesday. Simmons First National Corporation has a 52-week low of $17.00 and a 52-week high of $24.32. The company has a market capitalization of $3.42 billion, a PE ratio of -9.36 and a beta of 0.91. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.92 and a current ratio of 0.93. The company has a fifty day moving average of $22.99 and a 200-day moving average of $21.44.

Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings data on Thursday, July 16th. The bank reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Simmons First National had a positive return on equity of 8.32% and a negative net margin of 24.64%.During the same period in the prior year, the business posted $0.44 EPS. The company’s revenue was up 16.1% compared to the same quarter last year. On average, equities analysts predict that Simmons First National Corporation will post 2.05 EPS for the current fiscal year.

Simmons First National Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Monday, June 15th. Simmons First National’s payout ratio is -33.99%.

Simmons First National Profile

Simmons First National Corporation (NASDAQ:SFNC) is a bank holding company headquartered in Pine Bluff, Arkansas. Through its primary operating subsidiary, Simmons Bank, the company maintains a network of more than 200 branches across Arkansas, Tennessee, Missouri, Mississippi, Texas, Oklahoma and North Carolina. Simmons First National offers a full suite of financial services to individuals, small businesses and commercial clients, emphasizing relationship-driven community banking.

The company’s core business activities span deposit-taking, lending and payment services.