Simmons First National Corporation $SFNC Stock: Leeward Investments LLC MA Trims Position

Leeward Investments LLC MA lowered its holdings in Simmons First National Corporation (NASDAQ:SFNC) by 5.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 747,193 shares of the bank’s stock after selling 45,513 shares during the quarter. Leeward Investments LLC MA’s holdings in Simmons First National were worth $16,872,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of SFNC. Fifth Third Bancorp boosted its holdings in Simmons First National by 17,016.7% in the 1st quarter. Fifth Third Bancorp now owns 125,294 shares of the bank’s stock worth $2,437,000 after buying an additional 124,562 shares during the period. Bank of America Corp DE grew its stake in Simmons First National by 24.7% in the 1st quarter. Bank of America Corp DE now owns 624,613 shares of the bank’s stock valued at $12,149,000 after buying an additional 123,732 shares in the last quarter. Quantinno Capital Management LP grew its stake in Simmons First National by 213.2% in the 1st quarter. Quantinno Capital Management LP now owns 206,793 shares of the bank’s stock valued at $4,022,000 after buying an additional 140,769 shares in the last quarter. Sei Investments Co. grew its stake in Simmons First National by 151.6% in the 1st quarter. Sei Investments Co. now owns 405,336 shares of the bank’s stock valued at $7,884,000 after buying an additional 244,220 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in Simmons First National by 33.5% during the 1st quarter. Empowered Funds LLC now owns 625,391 shares of the bank’s stock valued at $12,164,000 after acquiring an additional 157,061 shares during the period. Institutional investors own 27.58% of the company’s stock.

Simmons First National Stock Performance

Shares of SFNC opened at $23.31 on Monday. Simmons First National Corporation has a twelve month low of $17.00 and a twelve month high of $24.32. The stock has a market cap of $3.37 billion, a PE ratio of 13.02 and a beta of 0.92. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.50. The business’s 50-day moving average price is $22.82 and its 200-day moving average price is $22.34.

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

Simmons First National Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SFNC shares. Morgan Stanley increased their target price on Simmons First National from $26.00 to $27.00 and gave the stock an “underweight” rating in a research report on Monday, October 19th. Keefe, Bruyette & Woods cut their price target on Simmons First National from $26.00 to $25.00 and set an “outperform” rating for the company in a report on Monday, October 19th. Piper Sandler upgraded Simmons First National from an “underweight” rating to an “overweight” rating and lifted their price target for the company from $26.00 to $27.50 in a research report on Friday, September 4th. National Bank Financial set a $26.00 price target on Simmons First National in a research report on Friday, September 4th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Simmons First National in a research note on Monday, October 19th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.69.

About Simmons First National

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.