Schroder Investment Management Group lessened its holdings in shares of Simmons First National Co. (NASDAQ:SFNC) by 8.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 315,765 shares of the bank’s stock after selling 30,246 shares during the quarter. Schroder Investment Management Group’s holdings in Simmons First National were worth $18,030,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Rowland & Co. Investment Counsel ADV purchased a new position in shares of Simmons First National during the fourth quarter valued at approximately $107,000. Victory Capital Management Inc. boosted its position in shares of Simmons First National by 28.7% during the third quarter. Victory Capital Management Inc. now owns 4,094 shares of the bank’s stock valued at $237,000 after buying an additional 912 shares during the period. Ifrah Financial Services Inc. purchased a new position in shares of Simmons First National during the third quarter valued at approximately $246,000. CIBC Asset Management Inc purchased a new position in shares of Simmons First National during the fourth quarter valued at approximately $268,000. Finally, SG Americas Securities LLC purchased a new position in shares of Simmons First National during the third quarter valued at approximately $278,000. Institutional investors and hedge funds own 16.77% of the company’s stock.
Shares of Simmons First National Co. (NASDAQ SFNC) opened at $29.05 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.01 and a current ratio of 1.01. Simmons First National Co. has a 12 month low of $24.88 and a 12 month high of $30.25. The firm has a market cap of $2,674.98, a P/E ratio of 17.19 and a beta of 1.16.
Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings results on Monday, January 22nd. The bank reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.03. Simmons First National had a net margin of 17.41% and a return on equity of 8.28%. The firm had revenue of $163.55 million during the quarter, compared to the consensus estimate of $155.80 million. sell-side analysts expect that Simmons First National Co. will post 2.3 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Wednesday, March 14th. Simmons First National’s dividend payout ratio is presently 36.50%.
In other news, insider Vernon Wilson Jr. Bryant sold 10,000 shares of Simmons First National stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $58.77, for a total transaction of $587,700.00. Following the completion of the sale, the insider now owns 195,853 shares of the company’s stock, valued at $11,510,280.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO George Makris, Jr. purchased 2,500 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were bought at an average cost of $58.10 per share, with a total value of $145,250.00. The disclosure for this purchase can be found here. Insiders have sold 398,610 shares of company stock valued at $22,306,017 in the last ninety days. Insiders own 4.63% of the company’s stock.
Several research analysts have issued reports on the company. BidaskClub upgraded Simmons First National from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Zacks Investment Research upgraded Simmons First National from a “sell” rating to a “hold” rating in a research report on Saturday, December 30th. Sandler O’Neill upgraded Simmons First National from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Wednesday, January 24th. Finally, Piper Jaffray Companies set a $30.00 target price on Simmons First National and gave the company a “hold” rating in a research report on Thursday, November 16th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Simmons First National has an average rating of “Hold” and a consensus price target of $31.90.
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Simmons First National Company Profile
Simmons First National Corporation is a financial holding company. The Company, through its subsidiary bank, Simmons Bank, provides financial services to individuals and businesses throughout the market areas they serve. As of December 31, 2016, Simmons Bank conducted banking operations through 150 financial centers located in communities throughout Arkansas, Kansas, Missouri, Tennessee, Colorado, Oklahoma and Texas.
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