Hotchkis & Wiley Capital Management LLC Has $13.48 Million Holdings in Simmons First National Co. (NASDAQ:SFNC)

Hotchkis & Wiley Capital Management LLC reduced its holdings in shares of Simmons First National Co. (NASDAQ:SFNC - Free Report) by 10.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 625,580 shares of the bank's stock after selling 76,120 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 0.50% of Simmons First National worth $13,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in shares of Simmons First National by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 7,323,934 shares of the bank's stock worth $128,752,000 after buying an additional 413,459 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Simmons First National by 3.7% in 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. Westwood Holdings Group Inc. increased its holdings in shares of Simmons First National by 3.7% in the second quarter. Westwood Holdings Group Inc. now owns 1,677,924 shares of the bank's stock valued at $29,498,000 after purchasing an additional 59,495 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Simmons First National by 9,443.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,395,980 shares of the bank's stock valued at $24,541,000 after purchasing an additional 1,381,353 shares during the last quarter. Finally, Mesirow Institutional Investment Management Inc. increased its stake in Simmons First National by 28.0% during the second quarter. Mesirow Institutional Investment Management Inc. now owns 705,138 shares of the bank's stock worth $12,396,000 after acquiring an additional 154,128 shares during the last quarter. 27.58% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Simmons First National

In related news, Chairman George Makris, Jr. sold 25,440 shares of the business's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $25.21, for a total transaction of $641,342.40. Following the sale, the chairman now owns 608,347 shares of the company's stock, valued at $15,336,427.87. The trade was a 4.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO David W. Garner sold 5,090 shares of the business's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $25.25, for a total value of $128,522.50. Following the sale, the chief accounting officer now directly owns 64,966 shares in the company, valued at approximately $1,640,391.50. The trade was a 7.27 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,800 shares of company stock valued at $1,136,650. Insiders own 1.91% of the company's stock.

Simmons First National Trading Up 0.2 %

Shares of SFNC stock traded up $0.06 on Wednesday, reaching $24.48. 393,618 shares of the stock were exchanged, compared to its average volume of 541,859. The stock has a market cap of $3.07 billion, a P/E ratio of 24.00 and a beta of 0.86. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.40. The firm has a 50 day moving average of $23.38 and a two-hundred day moving average of $20.65. Simmons First National Co. has a 1-year low of $16.03 and a 1-year high of $25.95.

Simmons First National (NASDAQ:SFNC - Get Free Report) last announced its quarterly earnings results on Friday, October 18th. The bank reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.04. Simmons First National had a net margin of 8.94% and a return on equity of 5.15%. The firm had revenue of $203.20 million during the quarter, compared to analysts' expectations of $204.91 million. During the same period in the prior year, the company earned $0.39 EPS. The firm's revenue was up 3.6% on a year-over-year basis. On average, research analysts anticipate that Simmons First National Co. will post 1.33 EPS for the current year.

Simmons First National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.84 annualized dividend and a dividend yield of 3.43%. Simmons First National's payout ratio is 82.35%.

Analyst Ratings Changes

SFNC has been the subject of a number of recent research reports. StockNews.com upgraded Simmons First National from a "sell" rating to a "hold" rating in a report on Monday, October 21st. Stephens upgraded Simmons First National from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $27.00 to $28.00 in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $23.00.

Simmons First National Company 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.