State of New Jersey Common Pension Fund D boosted its position in shares of Simmons First National Co. (NASDAQ:SFNC) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 128,918 shares of the bank’s stock after purchasing an additional 429 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.12% of Simmons First National worth $2,783,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of SFNC. LSV Asset Management raised its holdings in Simmons First National by 72.5% in the third quarter. LSV Asset Management now owns 1,715,900 shares of the bank’s stock worth $27,205,000 after purchasing an additional 720,892 shares during the period. Fuller & Thaler Asset Management Inc. raised its stake in Simmons First National by 53.0% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,619,642 shares of the bank’s stock worth $25,679,000 after buying an additional 561,252 shares during the period. Principal Financial Group Inc. lifted its holdings in Simmons First National by 0.4% during the third quarter. Principal Financial Group Inc. now owns 888,973 shares of the bank’s stock worth $14,095,000 after acquiring an additional 3,598 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Simmons First National by 38.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 778,834 shares of the bank’s stock worth $12,348,000 after acquiring an additional 215,771 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in Simmons First National by 11.2% in the fourth quarter. First Trust Advisors LP now owns 462,287 shares of the bank’s stock valued at $9,981,000 after acquiring an additional 46,607 shares during the period. 24.18% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on SFNC shares. Raymond James lifted their price objective on Simmons First National from $19.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, January 27th. TheStreet raised Simmons First National from a “c+” rating to a “b-” rating in a research report on Thursday, November 19th. Finally, Zacks Investment Research raised shares of Simmons First National from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Tuesday, January 5th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $22.75.
Shares of Simmons First National stock opened at $28.69 on Tuesday. The firm’s 50-day moving average price is $26.08 and its two-hundred day moving average price is $20.28. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 12.42 and a beta of 1.01. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.59. Simmons First National Co. has a 12-month low of $13.75 and a 12-month high of $28.95.
Simmons First National (NASDAQ:SFNC) last announced its quarterly earnings data on Monday, January 25th. The bank reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.15. Simmons First National had a net margin of 24.39% and a return on equity of 9.37%. During the same period in the previous year, the business earned $0.66 EPS. On average, sell-side analysts expect that Simmons First National Co. will post 2.3 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 5th. Stockholders of record on Monday, March 15th will be issued a dividend of $0.18 per share. The ex-dividend date is Friday, March 12th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.51%. This is a boost from Simmons First National’s previous quarterly dividend of $0.17. Simmons First National’s payout ratio is 24.91%.
In related news, Director Marty Casteel sold 76,170 shares of the company’s stock in a transaction on Tuesday, February 2nd. The stock was sold at an average price of $25.32, for a total transaction of $1,928,624.40. Following the completion of the sale, the director now directly owns 172,612 shares in the company, valued at approximately $4,370,535.84. The sale was disclosed in a filing with the SEC, which is available through this link. 1.60% of the stock is owned by corporate insiders.
About Simmons First National
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; consumer, real estate, and commercial loans; agricultural finance, equipment, and small business administration lending; trust and fiduciary services; credit cards; investment management products; insurance products; and securities and investment services.
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