Simmons Bank Has $25.82 Million Stake in Simmons First National Corporation $SFNC

Simmons Bank lessened its holdings in Simmons First National Corporation (NASDAQ:SFNC) by 6.3% during the first quarter, HoldingsChannel reports. The firm owned 1,327,365 shares of the bank’s stock after selling 89,921 shares during the quarter. Simmons First National accounts for 1.7% of Simmons Bank’s holdings, making the stock its 10th largest position. Simmons Bank’s holdings in Simmons First National were worth $25,817,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its holdings in shares of Simmons First National by 197.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,663 shares of the bank’s stock worth $32,000 after buying an additional 1,104 shares in the last quarter. Hantz Financial Services Inc. grew its position in Simmons First National by 35.6% in the fourth quarter. Hantz Financial Services Inc. now owns 1,884 shares of the bank’s stock valued at $36,000 after acquiring an additional 495 shares during the last quarter. Osaic Holdings Inc. grew its position in Simmons First National by 32.0% in the second quarter. Osaic Holdings Inc. now owns 2,658 shares of the bank’s stock valued at $50,000 after acquiring an additional 644 shares during the last quarter. Systematic Financial Management LP acquired a new position in Simmons First National during the fourth quarter worth about $66,000. Finally, Cullen Frost Bankers Inc. acquired a new position in Simmons First National during the fourth quarter worth about $76,000. Institutional investors own 27.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Simmons First National from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, April 24th. National Bank Financial set a $24.00 price objective on shares of Simmons First National in a research report on Monday. Stephens increased their price objective on shares of Simmons First National from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. Morgan Stanley reissued a “positive” rating on shares of Simmons First National in a research note on Monday. Finally, Zacks Research cut shares of Simmons First National from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

Simmons First National Price Performance

Simmons First National stock opened at $22.67 on Tuesday. The stock has a 50-day moving average price of $21.55 and a two-hundred day moving average price of $20.47. Simmons First National Corporation has a 12 month low of $17.00 and a 12 month high of $23.12. The company has a market capitalization of $3.29 billion, a PE ratio of -8.86 and a beta of 0.91. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.22.

Simmons First National (NASDAQ:SFNC) last released its quarterly earnings results on Thursday, April 16th. The bank reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. Simmons First National had a positive return on equity of 7.81% and a negative net margin of 25.44%.The company had revenue of $241.37 million for the quarter, compared to analysts’ expectations of $243.02 million. During the same period in the previous year, the business posted $0.26 earnings per share. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. Analysts expect that Simmons First National Corporation will post 2.07 EPS for the current year.

Simmons First National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Monday, June 15th. Simmons First National’s payout ratio is presently -33.59%.

Simmons First National Company 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.