Stephens Inc. AR Has $2.20 Million Holdings in Simmons First National Corporation $SFNC

Stephens Inc. AR lessened its position in shares of Simmons First National Corporation (NASDAQ:SFNC) by 9.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 115,771 shares of the bank’s stock after selling 12,004 shares during the quarter. Stephens Inc. AR owned approximately 0.08% of Simmons First National worth $2,195,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SFNC. Westwood Holdings Group Inc. increased its position in Simmons First National by 119.9% during the 1st quarter. Westwood Holdings Group Inc. now owns 3,483,147 shares of the bank’s stock valued at $71,509,000 after purchasing an additional 1,899,407 shares during the period. MetLife Investment Management LLC increased its position in Simmons First National by 1,179.6% during the 1st quarter. MetLife Investment Management LLC now owns 969,027 shares of the bank’s stock valued at $19,894,000 after purchasing an additional 893,298 shares during the period. Invesco Ltd. increased its position in Simmons First National by 140.6% during the 1st quarter. Invesco Ltd. now owns 1,518,806 shares of the bank’s stock valued at $31,181,000 after purchasing an additional 887,603 shares during the period. Nuveen LLC acquired a new stake in Simmons First National during the 1st quarter valued at approximately $6,065,000. Finally, Cubist Systematic Strategies LLC increased its position in Simmons First National by 206.9% during the 1st quarter. Cubist Systematic Strategies LLC now owns 357,165 shares of the bank’s stock valued at $7,333,000 after purchasing an additional 240,803 shares during the period. Institutional investors and hedge funds own 27.58% of the company’s stock.

Simmons First National Price Performance

Shares of SFNC opened at $17.75 on Thursday. Simmons First National Corporation has a 12-month low of $17.20 and a 12-month high of $25.95. The business’s fifty day moving average is $19.80 and its 200 day moving average is $19.31. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.20. The stock has a market cap of $2.57 billion, a P/E ratio of -6.06 and a beta of 0.94.

Simmons First National (NASDAQ:SFNC) last issued its earnings results on Thursday, October 16th. The bank reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). Simmons First National had a positive return on equity of 5.84% and a negative net margin of 29.70%.The firm had revenue of $232.54 million during the quarter, compared to the consensus estimate of $103.26 million. During the same quarter in the prior year, the business earned $0.37 earnings per share. Simmons First National’s revenue for the quarter was up 14.4% on a year-over-year basis. Sell-side analysts anticipate that Simmons First National Corporation will post 1.66 earnings per share for the current fiscal year.

Simmons First National Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were paid a dividend of $0.2125 per share. The ex-dividend date was Monday, September 15th. This represents a $0.85 annualized dividend and a yield of 4.8%. Simmons First National’s dividend payout ratio (DPR) is -29.01%.

Insiders Place Their Bets

In related news, Director Russell William Teubner acquired 9,200 shares of the company’s stock in a transaction on Thursday, August 7th. The shares were acquired at an average cost of $18.62 per share, for a total transaction of $171,304.00. Following the purchase, the director owned 53,220 shares in the company, valued at approximately $990,956.40. The trade was a 20.90% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.44% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on SFNC. Weiss Ratings reissued a “hold (c)” rating on shares of Simmons First National in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods reduced their price objective on shares of Simmons First National from $22.00 to $21.00 and set a “market perform” rating for the company in a research report on Monday. Wall Street Zen raised shares of Simmons First National from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. DA Davidson raised their price objective on shares of Simmons First National from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Finally, Zacks Research downgraded shares of Simmons First National from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $22.50.

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.