ExodusPoint Capital Management LP Sells 131,831 Shares of Simmons First National Co. (NASDAQ:SFNC)

ExodusPoint Capital Management LP cut its stake in Simmons First National Co. (NASDAQ:SFNC - Free Report) by 51.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 123,931 shares of the bank's stock after selling 131,831 shares during the period. ExodusPoint Capital Management LP owned 0.10% of Simmons First National worth $2,749,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SFNC. FMR LLC boosted its holdings in Simmons First National by 5.5% in the third quarter. FMR LLC now owns 7,778 shares of the bank's stock worth $168,000 after acquiring an additional 403 shares in the last quarter. CIBC Asset Management Inc grew its position in Simmons First National by 6.3% during the 4th quarter. CIBC Asset Management Inc now owns 12,581 shares of the bank's stock valued at $279,000 after purchasing an additional 751 shares during the last quarter. HighTower Advisors LLC increased its stake in Simmons First National by 4.3% during the 4th quarter. HighTower Advisors LLC now owns 19,600 shares of the bank's stock valued at $435,000 after purchasing an additional 812 shares in the last quarter. Jag Capital Management LLC raised its holdings in Simmons First National by 1.0% in the fourth quarter. Jag Capital Management LLC now owns 120,421 shares of the bank's stock worth $2,671,000 after buying an additional 1,185 shares during the last quarter. Finally, Jones Financial Companies Lllp bought a new position in shares of Simmons First National in the fourth quarter worth approximately $29,000. 27.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Stephens reduced 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 report on Thursday, January 23rd.

Simmons First National Stock Performance

NASDAQ:SFNC traded down $0.05 during mid-day trading on Friday, reaching $17.82. The company's stock had a trading volume of 760,440 shares, compared to its average volume of 591,798. The firm's fifty day moving average price is $20.80 and its two-hundred day moving average price is $22.26. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.32. The stock has a market cap of $2.24 billion, a P/E ratio of 14.73 and a beta of 0.82. 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 issued its quarterly earnings data on Tuesday, January 21st. The bank reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.03. Simmons First National had a net margin of 10.46% and a return on equity of 5.10%. The company had revenue of $208.50 million for the quarter, compared to the consensus estimate of $208.67 million. During the same quarter in the prior year, the firm earned $0.40 earnings per share. The firm's revenue for the quarter was up 17.4% compared to the same quarter last year. On average, equities analysts forecast that Simmons First National Co. will post 1.66 EPS for the current fiscal year.

Simmons First National Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors 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 yield of 4.77%. The ex-dividend date was Friday, March 14th. This is a boost from Simmons First National's previous quarterly dividend of $0.21. Simmons First National's dividend payout ratio is 70.25%.

About Simmons First National

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.