AlphaQuest LLC acquired a new stake in Simmons First National Co. (NASDAQ:SFNC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 25,079 shares of the bank's stock, valued at approximately $556,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in Simmons First National by 4.2% in the 4th quarter. Principal Financial Group Inc. now owns 673,440 shares of the bank's stock valued at $14,937,000 after purchasing an additional 27,115 shares during the last quarter. Carlson Capital L.P. bought a new position in shares of Simmons First National during the fourth quarter valued at $464,000. Charles Schwab Investment Management Inc. raised its stake in shares of Simmons First National by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,866,142 shares of the bank's stock valued at $40,197,000 after acquiring an additional 65,992 shares during the last quarter. Franklin Resources Inc. bought a new position in shares of Simmons First National during the third quarter valued at $1,339,000. Finally, Systematic Financial Management LP bought a new position in shares of Simmons First National during the third quarter valued at $824,000. Institutional investors own 27.58% of the company's stock.
Simmons First National Price Performance
SFNC stock opened at $20.03 on Thursday. Simmons First National Co. has a 52-week low of $16.03 and a 52-week high of $25.95. The company has a fifty day moving average price of $22.03 and a 200-day moving average price of $22.49. The company has a market capitalization of $2.52 billion, a P/E ratio of 16.55 and a beta of 0.84. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.79 and a current ratio of 0.79.
Simmons First National (NASDAQ:SFNC - Get Free Report) last announced its earnings results on Tuesday, January 21st. The bank reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.03. The business had revenue of $208.50 million during the quarter, compared to the consensus estimate of $208.67 million. Simmons First National had a net margin of 10.46% and a return on equity of 5.10%. Simmons First National's quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 earnings per share. As a group, equities analysts expect that Simmons First National Co. will post 1.66 EPS for the current year.
Simmons First National Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.2125 dividend. This represents a $0.85 dividend on an annualized basis and a yield of 4.24%. This is a boost from Simmons First National's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Friday, March 14th. Simmons First National's dividend payout ratio (DPR) is presently 70.25%.
Wall Street Analysts Forecast Growth
Separately, Stephens dropped their price target on shares of Simmons First National from $29.00 to $28.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd.
Check Out Our Latest Analysis on SFNC
Simmons First National Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding SFNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Simmons First National Co. (NASDAQ:SFNC - Free Report).
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