Scissortail Wealth Management LLC Grows Stake in Simmons First National Co. (NASDAQ:SFNC)

Scissortail Wealth Management LLC raised its holdings in shares of Simmons First National Co. (NASDAQ:SFNC) by 1,045,033.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,354 shares of the bank’s stock after purchasing an additional 31,351 shares during the period. Scissortail Wealth Management LLC’s holdings in Simmons First National were worth $695,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp purchased a new stake in Simmons First National during the 4th quarter worth approximately $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Simmons First National during the fourth quarter worth $36,000. Quarry LP purchased a new stake in shares of Simmons First National during the fourth quarter valued at $47,000. Smartleaf Asset Management LLC increased its position in shares of Simmons First National by 168.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,144 shares of the bank’s stock valued at $48,000 after acquiring an additional 1,345 shares during the period. Finally, Sterling Capital Management LLC increased its position in shares of Simmons First National by 813.8% in the 4th quarter. Sterling Capital Management LLC now owns 3,911 shares of the bank’s stock valued at $87,000 after acquiring an additional 3,483 shares during the period. Hedge funds and other institutional investors own 27.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SFNC shares. Piper Sandler raised Simmons First National from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $20.00 to $21.00 in a research report on Monday, April 21st. Keefe, Bruyette & Woods decreased their target price on Simmons First National from $23.00 to $21.00 and set a “market perform” rating for the company in a report on Monday, April 21st. Finally, Stephens dropped their target price on Simmons First National from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Monday, April 21st.

Simmons First National Trading Down 0.3%

Shares of Simmons First National stock opened at $19.94 on Friday. The stock has a market cap of $2.51 billion, a PE ratio of 16.48 and a beta of 0.91. The firm has a fifty day moving average price of $19.27 and a 200 day moving average price of $21.68. Simmons First National Co. has a 1 year low of $16.03 and a 1 year high of $25.95. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.79 and a quick ratio of 0.79.

Simmons First National (NASDAQ:SFNC) last announced its quarterly earnings results on Wednesday, April 16th. The bank reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.10). The company had revenue of $209.58 million for the quarter, compared to analyst estimates of $209.00 million. Simmons First National had a return on equity of 5.10% and a net margin of 10.46%. During the same period in the prior year, the business posted $0.32 earnings per share. Equities research analysts predict that Simmons First National Co. will post 1.66 earnings per share for the current year.

Simmons First National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a dividend of $0.2125 per share. This represents a $0.85 annualized dividend and a yield of 4.26%. The ex-dividend date of this dividend is Friday, June 13th. Simmons First National’s dividend payout ratio (DPR) is 73.28%.

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.