Burney Co. Has $4.40 Million Position in Simmons First National Co. (NASDAQ:SFNC)

Burney Co. cut its stake in shares of Simmons First National Co. (NASDAQ:SFNC) by 14.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 226,145 shares of the bank’s stock after selling 39,000 shares during the period. Burney Co. owned 0.18% of Simmons First National worth $4,401,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Denali Advisors LLC acquired a new position in Simmons First National during the first quarter valued at approximately $3,577,000. Sei Investments Co. boosted its position in Simmons First National by 17.1% during the first quarter. Sei Investments Co. now owns 173,229 shares of the bank’s stock valued at $3,371,000 after purchasing an additional 25,316 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Simmons First National by 90.0% during the first quarter. BNP Paribas Financial Markets now owns 66,037 shares of the bank’s stock valued at $1,285,000 after purchasing an additional 31,284 shares during the last quarter. Empowered Funds LLC boosted its position in Simmons First National by 50.8% during the first quarter. Empowered Funds LLC now owns 188,822 shares of the bank’s stock valued at $3,674,000 after purchasing an additional 63,589 shares during the last quarter. Finally, Waverly Advisors LLC acquired a new position in Simmons First National during the first quarter valued at approximately $1,254,000. 27.58% of the stock is owned by institutional investors and hedge funds.

Simmons First National Stock Performance

Shares of NASDAQ SFNC traded down $0.66 during trading hours on Friday, reaching $19.87. 626,354 shares of the stock were exchanged, compared to its average volume of 703,172. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 14.94 and a beta of 0.88. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.80 and a current ratio of 0.80. Simmons First National Co. has a 52 week low of $13.36 and a 52 week high of $22.29. The stock’s fifty day simple moving average is $18.26 and its 200 day simple moving average is $18.48.

Simmons First National (NASDAQ:SFNC) last announced its earnings results on Wednesday, July 24th. The bank reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. The company had revenue of $372.44 million for the quarter, compared to analyst estimates of $197.30 million. Simmons First National had a return on equity of 5.33% and a net margin of 10.49%. During the same quarter last year, the company earned $0.48 earnings per share. Sell-side analysts predict that Simmons First National Co. will post 1.32 EPS for the current year.

Simmons First National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.23%. Simmons First National’s dividend payout ratio (DPR) is currently 63.16%.

Insiders Place Their Bets

In other Simmons First National news, Chairman George Makris, Jr. sold 21,420 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $21.58, for a total transaction of $462,243.60. Following the transaction, the chairman now owns 608,347 shares in the company, valued at approximately $13,128,128.26. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Simmons First National news, CEO Robert A. Fehlman sold 8,680 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $21.93, for a total transaction of $190,352.40. Following the transaction, the chief executive officer now owns 156,357 shares in the company, valued at approximately $3,428,909.01. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman George Makris, Jr. sold 21,420 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $21.58, for a total value of $462,243.60. Following the completion of the sale, the chairman now directly owns 608,347 shares in the company, valued at approximately $13,128,128.26. The disclosure for this sale can be found here. Corporate insiders own 1.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SFNC. Keefe, Bruyette & Woods increased their price target on Simmons First National from $20.00 to $22.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Stephens upped their price objective on Simmons First National from $21.00 to $23.00 and gave the company an “equal weight” rating in a research note on Thursday, July 25th. StockNews.com upgraded Simmons First National from a “sell” rating to a “hold” rating in a research note on Monday, July 29th. Finally, Piper Sandler upped their price objective on Simmons First National from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat, Simmons First National presently has an average rating of “Hold” and an average price target of $21.75.

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.