Simmons First National Co. (NASDAQ:SFNC) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its holdings in shares of Simmons First National Co. (NASDAQ:SFNC - Free Report) by 27.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 515,690 shares of the bank's stock after purchasing an additional 109,866 shares during the quarter. Victory Capital Management Inc. owned about 0.41% of Simmons First National worth $11,438,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Geode Capital Management LLC increased its stake in Simmons First National by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,992,851 shares of the bank's stock worth $64,478,000 after buying an additional 37,519 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Simmons First National by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,895,477 shares of the bank's stock worth $42,042,000 after acquiring an additional 29,335 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Simmons First National by 33.8% during the third quarter. JPMorgan Chase & Co. now owns 676,171 shares of the bank's stock worth $14,565,000 after acquiring an additional 170,821 shares during the period. Principal Financial Group Inc. raised its stake in shares of Simmons First National by 4.2% in the fourth quarter. Principal Financial Group Inc. now owns 673,440 shares of the bank's stock valued at $14,937,000 after acquiring an additional 27,115 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in 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 purchasing an additional 39,995 shares during the period. Hedge funds and other institutional investors own 27.58% of the company's stock.

Simmons First National Price Performance

Shares of SFNC opened at $20.20 on Friday. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 16.69 and a beta of 0.84. The firm's fifty day simple moving average is $22.00 and its 200-day simple moving average is $22.48. Simmons First National Co. has a twelve month low of $16.03 and a twelve month high of $25.95. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.32.

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Simmons First National (NASDAQ:SFNC - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The bank reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.03. The company had revenue of $208.50 million for the quarter, compared to analysts' expectations 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 quarterly revenue was up 17.4% on a year-over-year basis. During the same period last year, the firm earned $0.40 earnings per share. Equities analysts forecast that Simmons First National Co. will post 1.66 EPS for the current fiscal year.

Simmons First National Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.2125 dividend. This represents a $0.85 dividend on an annualized basis and a yield of 4.21%. This is an increase from Simmons First National's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Friday, March 14th. Simmons First National's dividend payout ratio is 70.25%.

Wall Street Analyst Weigh In

Separately, Stephens cut their price target on Simmons First National from $29.00 to $28.00 and set an "overweight" rating on the stock in a report 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.

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