Amundi Buys 41,192 Shares of Simmons First National Co. (NASDAQ:SFNC)

Amundi boosted its stake in shares of Simmons First National Co. (NASDAQ:SFNC - Free Report) by 186.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 63,295 shares of the bank's stock after acquiring an additional 41,192 shares during the period. Amundi owned 0.05% of Simmons First National worth $1,381,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SFNC. KBC Group NV grew its stake in Simmons First National by 29.0% during the third quarter. KBC Group NV now owns 4,648 shares of the bank's stock valued at $100,000 after acquiring an additional 1,045 shares in the last quarter. Natixis Advisors LLC bought a new position in Simmons First National during the third quarter valued at $336,000. LMR Partners LLP bought a new position in Simmons First National during the third quarter valued at $205,000. Intech Investment Management LLC bought a new position in Simmons First National during the third quarter valued at $677,000. Finally, Charles Schwab Investment Management Inc. lifted its position in 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 purchasing an additional 65,992 shares during the last quarter. 27.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Stephens lowered their price objective on shares of Simmons First National from $29.00 to $28.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd.

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Simmons First National Trading Down 0.5 %

Shares of Simmons First National stock traded down $0.11 during trading on Friday, hitting $20.39. The stock had a trading volume of 2,464,471 shares, compared to its average volume of 541,557. The firm's fifty day simple moving average is $21.85 and its 200-day simple moving average is $22.45. The stock has a market cap of $2.57 billion, a PE ratio of 16.85 and a beta of 0.84. 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 Co. has a 12 month low of $16.03 and a 12 month high of $25.95.

Simmons First National (NASDAQ:SFNC - Get Free Report) last released its earnings results on Tuesday, January 21st. The bank reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. The firm had revenue of $208.50 million during the quarter, compared to analyst estimates of $208.67 million. Simmons First National had a net margin of 10.46% and a return on equity of 5.10%. The business's revenue was up 17.4% on a year-over-year basis. During the same quarter last year, the business earned $0.40 EPS. As a group, sell-side analysts expect that Simmons First National Co. will post 1.66 EPS for the current fiscal year.

Simmons First National Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a $0.2125 dividend. This represents a $0.85 annualized dividend and a dividend yield of 4.17%. The ex-dividend date is Friday, March 14th. This is a positive change from Simmons First National's previous quarterly dividend of $0.21. Simmons First National's dividend payout ratio (DPR) is 70.25%.

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.