MetLife Investment Management LLC Has $1.68 Million Holdings in Simmons First National Co. (NASDAQ:SFNC)

MetLife Investment Management LLC lifted its holdings in Simmons First National Co. (NASDAQ:SFNC) by 5.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 75,729 shares of the bank’s stock after buying an additional 4,112 shares during the quarter. MetLife Investment Management LLC owned about 0.06% of Simmons First National worth $1,680,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SFNC. Barclays PLC raised its stake in shares of Simmons First National by 131.4% in the third quarter. Barclays PLC now owns 247,821 shares of the bank’s stock worth $5,337,000 after acquiring an additional 140,738 shares during the last quarter. Franklin Resources Inc. acquired a new stake in shares of Simmons First National in the third quarter valued at approximately $1,339,000. Principal Financial Group Inc. raised its position in Simmons First National by 4.4% in the 3rd quarter. Principal Financial Group Inc. now owns 646,325 shares of the bank’s stock worth $13,922,000 after purchasing an additional 27,479 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Simmons First National by 33.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 676,171 shares of the bank’s stock worth $14,565,000 after buying an additional 170,821 shares in the last quarter. Finally, M.E. Allison & CO. Inc. bought a new position in Simmons First National in the 4th quarter valued at $889,000. Institutional investors and hedge funds own 27.58% of the company’s stock.

Simmons First National Price Performance

Simmons First National stock opened at $18.76 on Wednesday. The firm has a market capitalization of $2.36 billion, a P/E ratio of 15.50 and a beta of 0.82. The business has a 50-day moving average of $19.70 and a 200-day moving average of $21.98. 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 Co. has a 1 year low of $16.03 and a 1 year high of $25.95.

Simmons First National (NASDAQ:SFNC) last released its quarterly earnings data on Wednesday, April 16th. The bank reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.10). Simmons First National had a net margin of 10.46% and a return on equity of 5.10%. The firm had revenue of $209.58 million during the quarter, compared to the consensus estimate of $209.00 million. During the same quarter in the prior year, the company earned $0.32 EPS. On average, equities analysts anticipate that Simmons First National Co. will post 1.66 EPS for the current year.

Wall Street Analyst Weigh In

SFNC has been the subject of a number of recent research reports. Stephens dropped their target price on Simmons First National from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Monday, April 21st. Piper Sandler raised Simmons First National from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $20.00 to $21.00 in a report on Monday, April 21st. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Simmons First National from $23.00 to $21.00 and set a “market perform” rating on the stock in a research note on Monday, April 21st.

Simmons First National 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.