Covestor Ltd Decreases Stake in Simmons First National Co. (NASDAQ:SFNC)

Covestor Ltd lessened its position in shares of Simmons First National Co. (NASDAQ:SFNC) by 50.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,054 shares of the bank’s stock after selling 2,075 shares during the quarter. Covestor Ltd’s holdings in Simmons First National were worth $46,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new position in shares of Simmons First National in the fourth quarter valued at $29,000. Smartleaf Asset Management LLC lifted its position in Simmons First National by 168.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,144 shares of the bank’s stock valued at $48,000 after purchasing an additional 1,345 shares during the last quarter. KBC Group NV grew its stake in shares of Simmons First National by 31.0% in the 4th quarter. KBC Group NV now owns 6,091 shares of the bank’s stock worth $135,000 after buying an additional 1,443 shares in the last quarter. FMR LLC increased its holdings in shares of Simmons First National by 5.5% in the 3rd quarter. FMR LLC now owns 7,778 shares of the bank’s stock worth $168,000 after buying an additional 403 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Simmons First National during the 4th quarter valued at about $212,000. Institutional investors own 27.58% of the company’s stock.

Simmons First National Trading Up 1.1 %

SFNC stock opened at $18.01 on Tuesday. Simmons First National Co. has a twelve month low of $16.03 and a twelve month high of $25.95. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 14.88 and a beta of 0.82. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.32. The firm’s fifty day simple moving average is $20.70 and its two-hundred day simple moving average is $22.24.

Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings results on Tuesday, January 21st. The bank reported $0.39 EPS for the quarter, beating the consensus estimate of $0.36 by $0.03. The company 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 was up 17.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 EPS. As a group, analysts anticipate that Simmons First National Co. will post 1.66 earnings per share for the current year.

Simmons First National Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were issued a $0.2125 dividend. This represents a $0.85 annualized dividend and a dividend yield of 4.72%. This is an increase from Simmons First National’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, March 14th. Simmons First National’s dividend payout ratio is presently 70.25%.

Wall Street Analysts Forecast Growth

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

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.