Simmons First National Co. (NASDAQ:SFNC) Shares Bought by Barclays PLC

Barclays PLC grew its holdings in shares of Simmons First National Co. (NASDAQ:SFNC - Free Report) by 5.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 262,246 shares of the bank's stock after buying an additional 14,425 shares during the quarter. Barclays PLC owned 0.21% of Simmons First National worth $5,816,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Sterling Capital Management LLC increased its holdings in Simmons First National by 813.8% in the 4th quarter. Sterling Capital Management LLC now owns 3,911 shares of the bank's stock valued at $87,000 after purchasing an additional 3,483 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Simmons First National in the fourth quarter valued at about $1,018,000. Renaissance Technologies LLC raised its holdings in shares of Simmons First National by 54.7% during the 4th quarter. Renaissance Technologies LLC now owns 85,457 shares of the bank's stock valued at $1,895,000 after buying an additional 30,200 shares during the period. Invesco Ltd. lifted its position in Simmons First National by 71.2% during the 4th quarter. Invesco Ltd. now owns 631,203 shares of the bank's stock worth $14,000,000 after acquiring an additional 262,529 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in Simmons First National by 14.1% in the 4th quarter. Bank of Montreal Can now owns 14,867 shares of the bank's stock worth $330,000 after acquiring an additional 1,838 shares during the period. Institutional investors and hedge funds own 27.58% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Stephens reduced their target price on shares of Simmons First National from $27.00 to $25.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Piper Sandler upgraded shares of Simmons First National from an "underweight" rating to a "neutral" rating and boosted their price objective for the stock from $20.00 to $21.00 in a report on Monday, April 21st. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Simmons First National from $23.00 to $21.00 and set a "market perform" rating for the company in a research report on Monday, April 21st.

Simmons First National Stock Up 1.1 %

Shares of SFNC traded up $0.21 during trading on Tuesday, reaching $18.76. The company's stock had a trading volume of 566,498 shares, compared to its average volume of 605,559. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 15.50 and a beta of 0.82. 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 company has a fifty day moving average of $19.76 and a two-hundred day moving average of $22.00. Simmons First National Co. has a twelve month low of $16.03 and a twelve month high of $25.95.

Simmons First National (NASDAQ:SFNC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The bank reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.10). Simmons First National had a net margin of 10.46% and a return on equity of 5.10%. The company had revenue of $209.58 million during the quarter, compared to analyst estimates of $209.00 million. During the same period in the prior year, the company earned $0.32 earnings per share. On average, sell-side analysts predict that Simmons First National Co. will post 1.66 EPS for the current fiscal year.

Simmons First National Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were paid a $0.2125 dividend. This represents a $0.85 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Simmons First National's previous quarterly dividend of $0.21. Simmons First National's dividend payout ratio is 73.28%.

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.