Simmons Bank Has $25.82 Million Stock Position in Simmons First National Corporation $SFNC

by · The Markets Daily

Simmons Bank decreased its position in Simmons First National Corporation (NASDAQ:SFNC – Free Report) by 6.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,327,365 shares of the bank’s stock after selling 89,921 shares during the quarter. Simmons First National comprises approximately 1.7% of Simmons Bank’s investment portfolio, making the stock its 10th biggest position. Simmons Bank owned about 0.92% of Simmons First National worth $25,817,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Wellington Management Group LLP bought a new stake in Simmons First National in the 3rd quarter valued at $129,282,000. Basswood Capital Management L.L.C. increased its position in Simmons First National by 325.7% during the 4th quarter. Basswood Capital Management L.L.C. now owns 1,143,055 shares of the bank’s stock worth $21,547,000 after buying an additional 874,513 shares during the period. Leeward Investments LLC MA bought a new position in Simmons First National during the 1st quarter worth $15,744,000. Goldman Sachs Group Inc. lifted its holdings in shares of Simmons First National by 97.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,469,594 shares of the bank’s stock worth $27,702,000 after buying an additional 725,489 shares in the last quarter. Finally, Azora Capital LP acquired a new stake in shares of Simmons First National during the third quarter worth $13,177,000. Institutional investors own 27.58% of the company’s stock.

Simmons First National Stock Performance

NASDAQ:SFNC opened at $22.67 on Tuesday. The company has a market cap of $3.29 billion, a price-to-earnings ratio of -8.86 and a beta of 0.91. Simmons First National Corporation has a fifty-two week low of $17.00 and a fifty-two week high of $23.12. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a fifty day moving average price of $21.55 and a 200-day moving average price of $20.47.

Simmons First National (NASDAQ:SFNC – Get Free Report) last issued its quarterly earnings results on Thursday, April 16th. The bank reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. The company had revenue of $241.37 million for the quarter, compared to analysts’ expectations of $243.02 million. Simmons First National had a positive return on equity of 7.81% and a negative net margin of 25.44%.Simmons First National’s revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the business earned $0.26 earnings per share. As a group, equities analysts anticipate that Simmons First National Corporation will post 2.07 EPS for the current fiscal year.

Simmons First National Dividend Announcement

The company 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 $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Monday, June 15th. Simmons First National’s dividend payout ratio (DPR) is currently -33.59%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Stephens boosted their target price on shares of Simmons First National from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. National Bank Financial set a $24.00 price objective on shares of Simmons First National in a research note on Monday. DA Davidson reissued a “neutral” rating and issued a $21.00 price objective on shares of Simmons First National in a report on Friday, April 17th. Zacks Research lowered shares of Simmons First National from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Finally, Weiss Ratings raised shares of Simmons First National from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Simmons First National has a consensus rating of “Moderate Buy” and an average target price of $23.00.

Read Our Latest Stock Report on SFNC

About Simmons First National

(Free Report)

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.

Read More