Jackson Creek Investment Advisors LLC Makes New $1.47 Million Investment in Simmons First National Co. (NASDAQ:SFNC)

Jackson Creek Investment Advisors LLC bought a new position in shares of Simmons First National Co. (NASDAQ:SFNC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 66,171 shares of the bank's stock, valued at approximately $1,468,000. Jackson Creek Investment Advisors LLC owned about 0.05% of Simmons First National as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. 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 acquiring an additional 27,115 shares in the last quarter. Carlson Capital L.P. bought a new position in Simmons First National in the 4th quarter valued at about $464,000. Charles Schwab Investment Management Inc. lifted its holdings in Simmons First National by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,866,142 shares of the bank's stock worth $40,197,000 after purchasing an additional 65,992 shares during the last quarter. Franklin Resources Inc. bought a new stake in shares of Simmons First National in the third quarter valued at about $1,339,000. Finally, Systematic Financial Management LP acquired a new position in shares of Simmons First National during the 3rd quarter worth approximately $824,000. 27.58% of the stock is currently owned by institutional investors and hedge funds.

Simmons First National Stock Down 0.2 %

Shares of SFNC stock traded down $0.04 during trading hours on Friday, reaching $20.56. The company had a trading volume of 1,380,418 shares, compared to its average volume of 525,339. Simmons First National Co. has a 12 month low of $16.03 and a 12 month high of $25.95. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 16.99 and a beta of 0.84. The business has a fifty day simple moving average of $22.17 and a 200-day simple moving average of $22.51.

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Simmons First National (NASDAQ:SFNC - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The bank reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.03. Simmons First National had a return on equity of 5.10% and a net margin of 10.46%. The business had revenue of $208.50 million during the quarter, compared to analyst estimates of $208.67 million. During the same period in the prior year, the company earned $0.40 earnings per share. Simmons First National's revenue was up 17.4% compared to the same quarter last year. On average, research analysts expect that Simmons First National Co. will post 1.66 earnings per share for the current fiscal year.

Simmons First National Increases Dividend

The company also recently disclosed 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 is a boost from Simmons First National's previous quarterly dividend of $0.21. This represents a $0.85 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date is Friday, March 14th. Simmons First National's dividend payout ratio is presently 70.25%.

Analyst Ratings Changes

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

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.