Simmons First National Co. (NASDAQ:SFNC) Shares Sold by Simmons Bank

Simmons Bank lowered its position in shares of Simmons First National Co. (NASDAQ:SFNC) by 28.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,340,896 shares of the bank’s stock after selling 523,964 shares during the quarter. Simmons First National accounts for approximately 2.1% of Simmons Bank’s investment portfolio, making the stock its 7th biggest holding. Simmons Bank owned 1.07% of Simmons First National worth $28,883,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets lifted its stake in Simmons First National by 90.0% in 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. Texas Permanent School Fund Corp boosted its stake in Simmons First National by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 109,560 shares of the bank’s stock worth $2,132,000 after purchasing an additional 1,479 shares during the period. Sei Investments Co. increased its position in shares of 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 buying an additional 25,316 shares during the period. QRG Capital Management Inc. boosted its stake in shares of Simmons First National by 9.4% in the 1st quarter. QRG Capital Management Inc. now owns 15,293 shares of the bank’s stock valued at $298,000 after purchasing an additional 1,309 shares in the last quarter. Finally, Avantax Advisory Services Inc. purchased a new position in Simmons First National in the 1st quarter worth $416,000. 27.58% of the stock is owned by institutional investors.

Simmons First National Stock Performance

Shares of Simmons First National stock opened at $24.98 on Wednesday. The business has a fifty day simple moving average of $22.19 and a two-hundred day simple moving average of $19.87. The firm has a market capitalization of $3.14 billion, a P/E ratio of 24.49 and a beta of 0.86. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.40. Simmons First National Co. has a 12 month low of $14.59 and a 12 month high of $25.95.

Simmons First National (NASDAQ:SFNC) last announced its earnings results on Friday, October 18th. The bank reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. The business had revenue of $203.20 million during the quarter, compared to the consensus estimate of $204.91 million. Simmons First National had a net margin of 8.94% and a return on equity of 5.15%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 earnings per share. On average, equities analysts forecast that Simmons First National Co. will post 1.33 earnings per share for the current fiscal year.

Simmons First National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.36%. Simmons First National’s dividend payout ratio is presently 82.35%.

Wall Street Analysts Forecast Growth

SFNC has been the topic of several analyst reports. Stephens upgraded Simmons First National from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $27.00 to $28.00 in a report on Monday, October 21st. Keefe, Bruyette & Woods increased their price objective on Simmons First National from $20.00 to $22.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Piper Sandler upped their price target on shares of Simmons First National from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Friday, July 26th. Finally, StockNews.com upgraded shares of Simmons First National from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Simmons First National has a consensus rating of “Hold” and a consensus target price of $23.00.

Insider Activity at Simmons First National

In other news, CAO David W. Garner sold 3,600 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $21.21, for a total transaction of $76,356.00. Following the sale, the chief accounting officer now owns 64,966 shares in the company, valued at $1,377,928.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.91% of the stock is currently owned by insiders.

Simmons First National Company 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.