Simmons First National Co. (NASDAQ:SFNC) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. grew its holdings in Simmons First National Co. (NASDAQ:SFNC - Free Report) by 10.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 492,790 shares of the bank's stock after purchasing an additional 47,941 shares during the quarter. American Century Companies Inc. owned approximately 0.39% of Simmons First National worth $8,663,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. 1900 Wealth Management LLC boosted its stake in shares of Simmons First National by 1.1% during the 2nd quarter. 1900 Wealth Management LLC now owns 48,948 shares of the bank's stock worth $860,000 after purchasing an additional 533 shares during the last quarter. Arizona State Retirement System grew its stake in Simmons First National by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 35,085 shares of the bank's stock worth $617,000 after acquiring an additional 686 shares during the period. Louisiana State Employees Retirement System raised its holdings in Simmons First National by 1.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 63,100 shares of the bank's stock valued at $1,109,000 after acquiring an additional 1,100 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Simmons First National by 161.0% during the second quarter. Versant Capital Management Inc now owns 1,843 shares of the bank's stock worth $32,000 after purchasing an additional 1,137 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC increased its stake in Simmons First National by 1.6% in the second quarter. Linden Thomas Advisory Services LLC now owns 73,077 shares of the bank's stock valued at $1,285,000 after purchasing an additional 1,186 shares during the last quarter. 27.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on SFNC. Piper Sandler lifted their price target on Simmons First National from $18.00 to $20.00 and gave the company an "underweight" rating in a report on Friday, July 26th. StockNews.com lowered shares of Simmons First National from a "hold" rating to a "sell" rating in a research report on Monday, September 2nd. Stephens boosted their price objective on shares of Simmons First National from $21.00 to $23.00 and gave the company an "equal weight" rating in a research note on Thursday, July 25th. Finally, Keefe, Bruyette & Woods increased their target price on Simmons First National from $20.00 to $22.00 and gave the stock a "market perform" rating in a research report on Thursday, July 25th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $21.75.

Simmons First National Trading Down 0.2 %

Shares of SFNC stock opened at $21.56 on Tuesday. Simmons First National Co. has a fifty-two week low of $13.36 and a fifty-two week high of $22.45. The firm's 50 day moving average price is $20.68 and its two-hundred day moving average price is $18.87. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of 16.21 and a beta of 0.87. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.50.

Simmons First National (NASDAQ:SFNC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The bank reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.02. Simmons First National had a net margin of 10.49% and a return on equity of 5.33%. The firm had revenue of $372.44 million during the quarter, compared to analysts' expectations of $197.30 million. During the same period in the prior year, the company earned $0.48 EPS. On average, analysts anticipate that Simmons First National Co. will post 1.32 EPS for the current year.

Simmons First National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.84 annualized dividend and a dividend yield of 3.90%. Simmons First National's payout ratio is currently 63.16%.

Insider Buying and Selling

In other Simmons First National news, CAO David W. Garner sold 3,600 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $21.21, for a total value of $76,356.00. Following the completion of the sale, the chief accounting officer now owns 64,966 shares of the company's stock, valued at $1,377,928.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Chairman George Makris, Jr. sold 21,420 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $21.58, for a total value of $462,243.60. Following the completion of the transaction, the chairman now owns 608,347 shares of the company's stock, valued at $13,128,128.26. 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 3,600 shares of Simmons First National stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $21.21, for a total value of $76,356.00. Following the sale, the chief accounting officer now owns 64,966 shares in the company, valued at $1,377,928.86. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,700 shares of company stock valued at $728,952. Corporate insiders own 1.91% of the company's stock.

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.