New York State Common Retirement Fund Has $1.24 Million Holdings in Simmons First National Co. (NASDAQ:SFNC)

New York State Common Retirement Fund decreased its holdings in Simmons First National Co. (NASDAQ:SFNC - Free Report) by 59.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 55,783 shares of the bank's stock after selling 82,200 shares during the quarter. New York State Common Retirement Fund's holdings in Simmons First National were worth $1,237,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of SFNC. Covestor Ltd grew its position in Simmons First National by 13.7% in the 3rd quarter. Covestor Ltd now owns 4,129 shares of the bank's stock valued at $89,000 after buying an additional 497 shares in the last quarter. KBC Group NV boosted its holdings in shares of Simmons First National by 29.0% in the third quarter. KBC Group NV now owns 4,648 shares of the bank's stock valued at $100,000 after acquiring an additional 1,045 shares in the last quarter. FMR LLC increased its stake in shares of Simmons First National by 5.5% during the third quarter. FMR LLC now owns 7,778 shares of the bank's stock valued at $168,000 after acquiring an additional 403 shares during the period. LMR Partners LLP bought a new stake in Simmons First National during the third quarter worth approximately $205,000. Finally, Verition Fund Management LLC acquired a new stake in Simmons First National in the third quarter worth approximately $237,000. 27.58% of the stock is owned by institutional investors and hedge funds.

Simmons First National Price Performance

Shares of NASDAQ SFNC traded down $0.45 during trading on Thursday, hitting $20.46. The company had a trading volume of 241,097 shares, compared to its average volume of 520,934. The company has a market cap of $2.57 billion, a P/E ratio of 16.91 and a beta of 0.86. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.79 and a current ratio of 0.79. The business's 50-day moving average is $22.24 and its 200 day moving average is $22.50. Simmons First National Co. has a 52 week low of $16.03 and a 52 week high of $25.95.

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Simmons First National (NASDAQ:SFNC - Get Free Report) last announced its earnings results on Tuesday, January 21st. The bank reported $0.39 EPS for the quarter, beating the consensus estimate of $0.36 by $0.03. The business had revenue of $208.50 million during the quarter, compared to the consensus estimate of $208.67 million. Simmons First National had a return on equity of 5.10% and a net margin of 10.46%. Simmons First National's revenue was up 17.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 earnings per share. Equities research analysts predict 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 declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a $0.2125 dividend. This represents a $0.85 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Simmons First National's previous quarterly dividend of $0.21. Simmons First National's dividend payout ratio is 70.25%.

Analyst Upgrades and Downgrades

Separately, Stephens dropped their price objective on Simmons First National from $29.00 to $28.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd.

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.