Simmons First National Co. (NASDAQ:SFNC) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lessened its stake in shares of Simmons First National Co. (NASDAQ:SFNC) by 3.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 354,350 shares of the bank’s stock after selling 12,557 shares during the quarter. ProShare Advisors LLC’s holdings in Simmons First National were worth $7,859,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SFNC. Cresset Asset Management LLC grew its holdings in shares of Simmons First National by 0.7% during the fourth quarter. Cresset Asset Management LLC now owns 76,711 shares of the bank’s stock worth $1,718,000 after purchasing an additional 546 shares during the last quarter. CIBC Asset Management Inc grew its stake in Simmons First National by 6.3% during the 4th quarter. CIBC Asset Management Inc now owns 12,581 shares of the bank’s stock worth $279,000 after buying an additional 751 shares during the last quarter. HighTower Advisors LLC increased its position in Simmons First National by 4.3% during the fourth quarter. HighTower Advisors LLC now owns 19,600 shares of the bank’s stock worth $435,000 after buying an additional 812 shares during the period. Captrust Financial Advisors lifted its stake in Simmons First National by 1.5% in the fourth quarter. Captrust Financial Advisors now owns 76,482 shares of the bank’s stock valued at $1,696,000 after buying an additional 1,134 shares during the last quarter. Finally, Jag Capital Management LLC boosted its holdings in shares of Simmons First National by 1.0% in the fourth quarter. Jag Capital Management LLC now owns 120,421 shares of the bank’s stock valued at $2,671,000 after acquiring an additional 1,185 shares during the period. Institutional investors and hedge funds own 27.58% of the company’s stock.

Simmons First National Price Performance

Shares of NASDAQ SFNC opened at $19.94 on Friday. The stock has a fifty day moving average price of $19.28 and a 200 day moving average price of $21.64. 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. The company has a market cap of $2.51 billion, a PE ratio of 16.48 and a beta of 0.91.

Simmons First National (NASDAQ:SFNC) last released its earnings results on Wednesday, April 16th. The bank reported $0.26 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.10). Simmons First National had a return on equity of 5.10% and a net margin of 10.46%. The firm had revenue of $209.58 million during the quarter, compared to analyst estimates of $209.00 million. During the same quarter last year, the business posted $0.32 EPS. Sell-side analysts forecast that Simmons First National Co. will post 1.66 EPS for the current year.

Simmons First National Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be issued a $0.2125 dividend. This represents a $0.85 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date is Friday, June 13th. Simmons First National’s dividend payout ratio is presently 73.28%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Stephens cut their target price on shares of Simmons First National from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. 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 for the company in a report on Monday, April 21st. Finally, Piper Sandler raised Simmons First National from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $20.00 to $21.00 in a report on Monday, April 21st.

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.