Simmons First National Corporation $SFNC Stock: State of Alaska Department of Revenue Lowers Stake

State of Alaska Department of Revenue lowered its stake in Simmons First National Corporation (NASDAQ:SFNC) by 54.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,278 shares of the bank’s stock after selling 28,815 shares during the quarter. State of Alaska Department of Revenue’s holdings in Simmons First National were worth $548,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Waverly Advisors LLC raised its stake in Simmons First National by 0.7% during the 2nd quarter. Waverly Advisors LLC now owns 67,014 shares of the bank’s stock valued at $1,518,000 after buying an additional 477 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Simmons First National by 31.9% in the first quarter. EverSource Wealth Advisors LLC now owns 2,339 shares of the bank’s stock worth $45,000 after acquiring an additional 566 shares during the period. NewEdge Advisors LLC grew its holdings in shares of Simmons First National by 1.4% in the second quarter. NewEdge Advisors LLC now owns 45,966 shares of the bank’s stock worth $1,041,000 after acquiring an additional 637 shares during the period. GAMMA Investing LLC grew its holdings in shares of Simmons First National by 6.2% in the second quarter. GAMMA Investing LLC now owns 15,392 shares of the bank’s stock worth $349,000 after acquiring an additional 892 shares during the period. Finally, Bessemer Group Inc. increased its position in Simmons First National by 156.0% during the first quarter. Bessemer Group Inc. now owns 1,518 shares of the bank’s stock valued at $29,000 after acquiring an additional 925 shares during the last quarter. Institutional investors own 27.58% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. National Bank Financial set a $26.00 price objective on Simmons First National in a research report on Friday, September 4th. Raymond James Financial restated an “outperform” rating and set a $25.00 price target on shares of Simmons First National in a research note on Friday, July 17th. Morgan Stanley upped their price target on shares of Simmons First National from $26.00 to $27.00 and gave the company an “underweight” rating in a research report on Monday, October 19th. Robert W. Baird set a $25.00 price objective on shares of Simmons First National in a research note on Monday, October 19th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Simmons First National in a report on Monday, October 19th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Simmons First National has a consensus rating of “Moderate Buy” and an average target price of $25.69.

Simmons First National Stock Down 0.0%

NASDAQ SFNC opened at $23.31 on Friday. The stock’s 50-day moving average price is $22.82 and its 200-day moving average price is $22.33. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.50. Simmons First National Corporation has a 52 week low of $17.00 and a 52 week high of $24.32. The company has a market capitalization of $3.37 billion, a P/E ratio of 13.02 and a beta of 0.92.

Simmons First National (NASDAQ:SFNC) last announced its quarterly earnings data on Thursday, October 15th. The bank reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The company had revenue of $251.17 million during the quarter, compared to the consensus estimate of $254.03 million. Simmons First National had a return on equity of 8.73% and a net margin of 18.38%. The firm’s revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 EPS. On average, equities research analysts predict that Simmons First National Corporation will post 2.08 earnings per share for the current year.

Simmons First National Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were issued a dividend of $0.2150 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.86 annualized dividend and a yield of 3.7%. Simmons First National’s payout ratio is currently 48.04%.

Simmons First National Company Profile

Simmons First National Corporation is a financial holding company headquartered in Pine Bluff, Arkansas. Its principal subsidiary, Simmons Bank, provides banking and financial services to individuals, families, businesses and institutions.

The bank offers deposit accounts, consumer and commercial lending, residential and commercial real estate financing, treasury and cash-management services, credit cards, and online and mobile banking. It also provides wealth management, trust, investment and insurance services through specialized business lines.

Founded in 1903, Simmons has expanded from its Arkansas roots into a regional banking franchise serving customers through branches and financial centers across Arkansas, Colorado, Kansas, Missouri, Oklahoma, Tennessee and Texas.