Trexquant Investment LP Has $4.12 Million Stock Position in Simmons First National Co. (NASDAQ:SFNC)

Trexquant Investment LP raised its stake in Simmons First National Co. (NASDAQ:SFNC - Free Report) by 393.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,604 shares of the bank's stock after acquiring an additional 147,954 shares during the quarter. Trexquant Investment LP owned about 0.15% of Simmons First National worth $4,117,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of SFNC. Jones Financial Companies Lllp bought a new position in Simmons First National in the 4th quarter valued at $29,000. Smartleaf Asset Management LLC lifted its holdings in shares of Simmons First National by 168.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,144 shares of the bank's stock valued at $48,000 after purchasing an additional 1,345 shares in the last quarter. KBC Group NV grew its position in shares of Simmons First National by 31.0% in the 4th quarter. KBC Group NV now owns 6,091 shares of the bank's stock valued at $135,000 after purchasing an additional 1,443 shares during the period. FMR LLC increased its stake in Simmons First National by 5.5% during the 3rd quarter. FMR LLC now owns 7,778 shares of the bank's stock worth $168,000 after purchasing an additional 403 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in Simmons First National during the 4th quarter worth approximately $212,000. 27.58% of the stock is currently owned by institutional investors and hedge funds.

Simmons First National Stock Down 6.2 %

Simmons First National stock traded down $1.17 during midday trading on Thursday, reaching $17.74. The stock had a trading volume of 134,920 shares, compared to its average volume of 585,857. The stock has a market capitalization of $2.23 billion, a P/E ratio of 14.68 and a beta of 0.82. The firm's fifty day simple moving average is $20.99 and its 200-day simple moving average is $22.31. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.79 and a current ratio of 0.79. 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 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03. The firm had revenue of $208.50 million for the quarter, compared to analysts' expectations of $208.67 million. Simmons First National had a net margin of 10.46% and a return on equity of 5.10%. The company's revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 EPS. As a group, analysts expect that Simmons First National Co. will post 1.66 EPS for the current fiscal year.

Simmons First National Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were given a $0.2125 dividend. 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 dividend yield of 4.79%. Simmons First National's dividend payout ratio is presently 70.25%.

Analyst Ratings Changes

Separately, Stephens lowered 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 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.