Envestnet Asset Management Inc. Increases Position in Simmons First National Co. (NASDAQ:SFNC)

Envestnet Asset Management Inc. boosted its position in Simmons First National Co. (NASDAQ:SFNC - Free Report) by 692.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 221,855 shares of the bank's stock after acquiring an additional 193,856 shares during the period. Envestnet Asset Management Inc. owned about 0.18% of Simmons First National worth $4,921,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Jones Financial Companies Lllp acquired a new stake in shares of Simmons First National during the fourth quarter worth $29,000. Smartleaf Asset Management LLC lifted its position in Simmons First National by 168.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,144 shares of the bank's stock worth $48,000 after buying an additional 1,345 shares during the period. KBC Group NV boosted its stake in Simmons First National by 31.0% in the 4th quarter. KBC Group NV now owns 6,091 shares of the bank's stock worth $135,000 after buying an additional 1,443 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Simmons First National during the 4th quarter valued at about $212,000. Finally, Cibc World Markets Corp acquired a new position in shares of Simmons First National during the 4th quarter valued at about $258,000. 27.58% of the stock is currently owned by institutional investors and hedge funds.

Simmons First National Stock Performance

Shares of NASDAQ:SFNC opened at $17.93 on Wednesday. The business's 50-day simple moving average is $20.08 and its 200 day simple moving average is $22.09. The company has a market cap of $2.26 billion, a P/E ratio of 14.82 and a beta of 0.82. 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 Co. has a one year low of $16.03 and a one year high of $25.95.

Simmons First National (NASDAQ:SFNC - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The bank reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.10). Simmons First National had a net margin of 10.46% and a return on equity of 5.10%. The firm had revenue of $209.58 million for the quarter, compared to analyst estimates of $209.00 million. During the same period in the previous year, the business posted $0.32 earnings per share. On average, sell-side analysts forecast that Simmons First National Co. will post 1.66 earnings per share for the current fiscal year.

Simmons First National Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were given a dividend of $0.2125 per share. This represents a $0.85 dividend on an annualized basis and a dividend yield of 4.74%. This is a positive change from Simmons First National's previous quarterly dividend of $0.21. The ex-dividend date was Friday, March 14th. Simmons First National's payout ratio is presently 73.28%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods decreased their target price on shares of Simmons First National from $23.00 to $21.00 and set a "market perform" rating on the stock in a research report on Monday. Stephens decreased their price target 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. Finally, Piper Sandler upgraded Simmons First National from an "underweight" rating to a "neutral" rating and upped their price objective for the stock from $20.00 to $21.00 in a report on Monday.

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.

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