Dimensional Fund Advisors LP Has $168.94 Million Stock Position in Simmons First National Co. (NASDAQ:SFNC)

Dimensional Fund Advisors LP lifted its stake in shares of Simmons First National Co. (NASDAQ:SFNC - Free Report) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,616,599 shares of the bank's stock after buying an additional 51,468 shares during the period. Dimensional Fund Advisors LP owned about 6.07% of Simmons First National worth $168,938,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Simmons First National in the fourth quarter valued at approximately $27,095,000. Vanguard Group Inc. increased its position in Simmons First National by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 14,866,647 shares of the bank's stock valued at $329,742,000 after acquiring an additional 630,376 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Simmons First National by 49.6% during the fourth quarter. JPMorgan Chase & Co. now owns 1,011,431 shares of the bank's stock worth $22,434,000 after purchasing an additional 335,260 shares during the period. Invesco Ltd. grew its stake in shares of Simmons First National by 71.2% in the fourth quarter. Invesco Ltd. now owns 631,203 shares of the bank's stock worth $14,000,000 after purchasing an additional 262,529 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Simmons First National by 692.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 221,855 shares of the bank's stock valued at $4,921,000 after purchasing an additional 193,856 shares during the period. Institutional investors and hedge funds own 27.58% of the company's stock.

Simmons First National Trading Up 0.4 %

Shares of SFNC stock traded up $0.07 during mid-day trading on Tuesday, hitting $18.62. The company's stock had a trading volume of 88,248 shares, compared to its average volume of 603,728. Simmons First National Co. has a 52 week low of $16.03 and a 52 week high of $25.95. 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 company's fifty day simple moving average is $19.76 and its 200-day simple moving average is $22.00. The company has a market cap of $2.34 billion, a PE ratio of 15.42 and a beta of 0.82.

Simmons First National (NASDAQ:SFNC - Get Free Report) last issued 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). The business had revenue of $209.58 million during the quarter, compared to analyst estimates of $209.00 million. Simmons First National had a net margin of 10.46% and a return on equity of 5.10%. During the same period last year, the firm posted $0.32 earnings per share. As a group, equities 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 business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were paid a dividend of $0.2125 per share. 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. This represents a $0.85 annualized dividend and a yield of 4.56%. Simmons First National's dividend payout ratio is currently 73.28%.

Wall Street Analyst Weigh In

SFNC has been the topic of a number of analyst reports. Piper Sandler upgraded Simmons First National from an "underweight" rating to a "neutral" rating and upped their price target for the company from $20.00 to $21.00 in a research report on Monday, April 21st. Keefe, Bruyette & Woods decreased their target price 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. Finally, Stephens dropped their price target 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.

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.