Jag Capital Management LLC Buys 1,185 Shares of Simmons First National Co. (NASDAQ:SFNC)

Jag Capital Management LLC raised its stake in Simmons First National Co. (NASDAQ:SFNC) by 1.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 120,421 shares of the bank’s stock after acquiring an additional 1,185 shares during the period. Jag Capital Management LLC’s holdings in Simmons First National were worth $2,671,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Jones Financial Companies Lllp bought a new stake in shares of Simmons First National in the fourth quarter worth $29,000. Smartleaf Asset Management LLC lifted its position in shares of Simmons First National by 168.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,144 shares of the bank’s stock worth $48,000 after purchasing an additional 1,345 shares in the last quarter. Covestor Ltd lifted its position in shares of Simmons First National by 13.7% in the third quarter. Covestor Ltd now owns 4,129 shares of the bank’s stock worth $89,000 after purchasing an additional 497 shares in the last quarter. KBC Group NV lifted its position in shares of Simmons First National by 29.0% in the third quarter. KBC Group NV now owns 4,648 shares of the bank’s stock worth $100,000 after purchasing an additional 1,045 shares in the last quarter. Finally, FMR LLC lifted its position in shares of Simmons First National by 5.5% in the third quarter. FMR LLC now owns 7,778 shares of the bank’s stock worth $168,000 after purchasing an additional 403 shares in the last quarter. Institutional investors own 27.58% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Stephens cut their price objective on shares of Simmons First National from $29.00 to $28.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd.

Simmons First National Price Performance

Shares of SFNC opened at $21.82 on Tuesday. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 18.03 and a beta of 0.86. Simmons First National Co. has a 1-year low of $16.03 and a 1-year high of $25.95. The company’s fifty day simple moving average is $22.30 and its 200 day simple moving average is $22.51. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.32.

Simmons First National (NASDAQ:SFNC) last issued its earnings results on Tuesday, January 21st. The bank reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The business had revenue of $208.50 million for the quarter, compared to the consensus estimate of $208.67 million. Simmons First National had a net margin of 10.46% and a return on equity of 5.10%. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.40 earnings per share. On average, research analysts forecast that Simmons First National Co. will post 1.66 earnings per share for the current fiscal year.

Simmons First National Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a dividend of $0.2125 per share. This represents a $0.85 dividend on an annualized basis and a yield of 3.90%. This is an increase from Simmons First National’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Friday, March 14th. Simmons First National’s payout ratio is presently 70.25%.

About Simmons First National

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.