WBI Investments LLC Sells 3,192 Shares of Simmons First National Co. (NASDAQ:SFNC)

WBI Investments LLC cut its stake in Simmons First National Co. (NASDAQ:SFNC) by 15.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,233 shares of the bank’s stock after selling 3,192 shares during the quarter. WBI Investments LLC’s holdings in Simmons First National were worth $335,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of SFNC. GAMMA Investing LLC bought a new position in Simmons First National in the 4th quarter valued at $29,000. TFO Wealth Partners LLC increased its stake in Simmons First National by 250,150.0% in the 4th quarter. TFO Wealth Partners LLC now owns 10,010 shares of the bank’s stock worth $199,000 after buying an additional 10,006 shares during the period. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Simmons First National during the first quarter worth approximately $227,000. Summit Financial Wealth Advisors LLC raised its stake in shares of Simmons First National by 15.9% during the fourth quarter. Summit Financial Wealth Advisors LLC now owns 11,590 shares of the bank’s stock valued at $230,000 after acquiring an additional 1,590 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in 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 worth $264,000 after purchasing an additional 12,088 shares during the period. 27.58% of the stock is owned by hedge funds and other institutional investors.

Simmons First National Stock Up 5.7 %

NASDAQ SFNC traded up $1.02 on Thursday, hitting $18.92. The stock had a trading volume of 418,693 shares, compared to its average volume of 476,983. Simmons First National Co. has a 52-week low of $13.36 and a 52-week high of $20.82. The business’s fifty day moving average price is $17.32 and its 200 day moving average price is $18.31. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 13.46 and a beta of 0.89.

Simmons First National (NASDAQ:SFNC) last released its quarterly earnings results on Wednesday, April 24th. The bank reported $0.32 EPS for the quarter, meeting analysts’ consensus estimates of $0.32. Simmons First National had a return on equity of 5.94% and a net margin of 11.97%. The company had revenue of $195.10 million during the quarter, compared to analysts’ expectations of $202.35 million. During the same period last year, the business posted $0.37 earnings per share. The firm’s revenue was down 12.8% compared to the same quarter last year. Equities research analysts anticipate that Simmons First National Co. will post 1.29 earnings per share for the current year.

Simmons First National Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 14th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, June 14th. This represents a $0.84 dividend on an annualized basis and a yield of 4.44%. Simmons First National’s payout ratio is 63.16%.

Insider Buying and Selling at Simmons First National

In other Simmons First National news, EVP George A. Makris III sold 15,625 shares of Simmons First National stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $17.23, for a total transaction of $269,218.75. Following the completion of the sale, the executive vice president now owns 39,707 shares of the company’s stock, valued at approximately $684,151.61. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.91% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SFNC has been the topic of several research reports. Stephens cut their price target on 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 raised shares of Simmons First National from a “sell” rating to a “hold” rating in a report on Friday, July 5th. Finally, Keefe, Bruyette & Woods dropped their target price on Simmons First National from $21.00 to $20.00 and set a “market perform” rating on the stock in a research report on Thursday, April 25th. Four investment analysts have rated the stock with a hold rating, According to MarketBeat, Simmons First National currently has an average rating of “Hold” and a consensus price target of $21.00.

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.