Quantbot Technologies LP acquired a new position in Simmons First National Co. (NASDAQ:SFNC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 40,072 shares of the bank's stock, valued at approximately $889,000.
Several other large investors have also modified their holdings of the business. Geode Capital Management LLC raised its position in shares of Simmons First National by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,992,851 shares of the bank's stock worth $64,478,000 after acquiring an additional 37,519 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Simmons First National by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,895,477 shares of the bank's stock valued at $42,042,000 after purchasing an additional 29,335 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Simmons First National by 33.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 676,171 shares of the bank's stock worth $14,565,000 after purchasing an additional 170,821 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Simmons First National by 4.2% during the fourth quarter. Principal Financial Group Inc. now owns 673,440 shares of the bank's stock worth $14,937,000 after buying an additional 27,115 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of Simmons First National by 6.9% in the fourth quarter. Fisher Asset Management LLC now owns 621,000 shares of the bank's stock valued at $13,774,000 after buying an additional 39,995 shares during the last quarter. Hedge funds and other institutional investors own 27.58% of the company's stock.
Wall Street Analyst Weigh In
Separately, Stephens dropped their price objective on shares of Simmons First National from $29.00 to $28.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd.
Read Our Latest Research Report on SFNC
Simmons First National Trading Down 1.5 %
Shares of SFNC traded down $0.31 during midday trading on Friday, reaching $20.47. The company had a trading volume of 529,500 shares, compared to its average volume of 573,784. The stock has a market cap of $2.58 billion, a PE ratio of 16.92 and a beta of 0.84. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.32. The firm has a 50 day simple moving average of $21.71 and a 200-day simple moving average of $22.47. 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 issued its quarterly earnings results on Tuesday, January 21st. The bank reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.03. The company had revenue of $208.50 million for the quarter, compared to analyst estimates of $208.67 million. Simmons First National had a net margin of 10.46% and a return on equity of 5.10%. The business's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.40 earnings per share. Research 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 announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.2125 per share. The ex-dividend date is Friday, March 14th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 4.15%. This is an increase from Simmons First National's previous quarterly dividend of $0.21. Simmons First National's payout ratio is presently 70.25%.
About Simmons First National
(
Free Report)
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.
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