Stephens Inc. AR Reduces Stock Position in Simmons First National Co. (NASDAQ:SFNC)

Stephens Inc. AR reduced its holdings in shares of Simmons First National Co. (NASDAQ:SFNCFree Report) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 137,782 shares of the bank’s stock after selling 2,534 shares during the quarter. Stephens Inc. AR owned about 0.11% of Simmons First National worth $2,734,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC purchased a new stake in shares of Simmons First National during the 4th quarter valued at approximately $29,000. TFO Wealth Partners LLC lifted its stake in shares of Simmons First National by 250,150.0% during the 4th quarter. TFO Wealth Partners LLC now owns 10,010 shares of the bank’s stock valued at $199,000 after buying an additional 10,006 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in shares of Simmons First National during the 3rd quarter valued at approximately $219,000. Summit Financial Wealth Advisors LLC lifted its stake in shares of Simmons First National by 15.9% during the 4th quarter. Summit Financial Wealth Advisors LLC now owns 11,590 shares of the bank’s stock valued at $230,000 after buying an additional 1,590 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of Simmons First National by 978.8% during the 4th quarter. International Assets Investment Management LLC now owns 13,323 shares of the bank’s stock valued at $264,000 after buying an additional 12,088 shares in the last quarter. 27.58% of the stock is currently owned by hedge funds and other institutional investors.

Simmons First National Stock Performance

Simmons First National stock opened at $16.74 on Friday. The firm’s fifty day moving average price is $17.93 and its 200-day moving average price is $18.42. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a market cap of $2.10 billion, a P/E ratio of 12.59 and a beta of 0.88. Simmons First National Co. has a fifty-two week low of $13.36 and a fifty-two week high of $20.82.

Simmons First National (NASDAQ:SFNCGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The bank reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. The firm had revenue of $195.10 million for the quarter, compared to analysts’ expectations of $202.35 million. Simmons First National had a net margin of 11.97% and a return on equity of 5.94%. The business’s quarterly revenue was down 12.8% on a year-over-year basis. During the same quarter last year, the company posted $0.37 EPS. On average, equities research analysts expect that Simmons First National Co. will post 1.31 earnings per share for the current fiscal year.

Simmons First National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 5.02%. The ex-dividend date is Friday, June 14th. Simmons First National’s dividend payout ratio (DPR) is currently 63.16%.

Insider Activity

In related news, EVP George A. Makris III sold 15,625 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $17.23, for a total transaction of $269,218.75. Following the transaction, the executive vice president now owns 39,707 shares of the company’s stock, valued at approximately $684,151.61. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.91% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on SFNC. Stephens lowered their target price on shares of Simmons First National from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 25th. StockNews.com upgraded shares of Simmons First National from a “sell” rating to a “hold” rating in a research note on Monday, June 3rd. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Simmons First National from $21.00 to $20.00 and set a “market perform” rating on the stock in a research note on Thursday, April 25th. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $21.00.

Read Our Latest Report on SFNC

Simmons First National Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Simmons First National (NASDAQ:SFNC)

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