Versant Capital Management Inc lifted its stake in shares of Simmons First National Co. (NASDAQ:SFNC) by 134.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,971 shares of the bank’s stock after purchasing an additional 1,129 shares during the period. Versant Capital Management Inc’s holdings in Simmons First National were worth $49,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Marshall Wace North America L.P. purchased a new position in Simmons First National in the 1st quarter valued at approximately $59,000. Pearl River Capital LLC bought a new position in shares of Simmons First National during the second quarter valued at about $59,000. Meridian Management Co. raised its stake in shares of Simmons First National by 5.6% during the second quarter. Meridian Management Co. now owns 9,690 shares of the bank’s stock valued at $225,000 after acquiring an additional 513 shares during the last quarter. Capital Fund Management S.A. bought a new position in shares of Simmons First National during the second quarter valued at about $226,000. Finally, Balyasny Asset Management LLC bought a new position in shares of Simmons First National during the second quarter valued at about $267,000. Institutional investors own 57.69% of the company’s stock.
SFNC has been the subject of several recent analyst reports. ValuEngine raised shares of Simmons First National from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Zacks Investment Research upgraded shares of Simmons First National from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. BidaskClub upgraded shares of Simmons First National from a “sell” rating to a “hold” rating in a research report on Friday. Stephens cut shares of Simmons First National from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $29.00 to $27.00 in a research report on Wednesday, October 23rd. Finally, Sandler O’Neill upgraded shares of Simmons First National from a “hold” rating to a “buy” rating and boosted their price target for the company from $26.00 to $30.00 in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Simmons First National currently has a consensus rating of “Hold” and an average price target of $28.20.
Shares of NASDAQ:SFNC traded down $0.10 on Friday, reaching $25.55. The company’s stock had a trading volume of 289,600 shares, compared to its average volume of 436,867. The company has a 50-day simple moving average of $24.54 and a 200 day simple moving average of $24.28. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.98 and a current ratio of 0.99. Simmons First National Co. has a 52-week low of $22.08 and a 52-week high of $29.60. The company has a market cap of $2.47 billion, a P/E ratio of 10.78 and a beta of 1.07.
Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.20. Simmons First National had a net margin of 25.59% and a return on equity of 10.68%. The firm had revenue of $233.94 million for the quarter, compared to the consensus estimate of $188.73 million. During the same quarter in the previous year, the firm earned $0.59 EPS. On average, equities research analysts forecast that Simmons First National Co. will post 2.72 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 16th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Friday, December 13th. Simmons First National’s payout ratio is currently 27.00%.
Simmons First National Company Profile
Simmons First National Corporation operates as the holding company for Simmons Bank that provides financial products and services to individuals and businesses. It offers checking, savings, and time deposits; loan products, including consumer, real estate, commercial, agricultural, equipment, and SBA lending; personal and corporate trust services; credit cards; investment management products; insurance products; and securities and investment services.
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