Wealthfront Advisers LLC Invests $584,000 in Simmons First National Co. (NASDAQ:SFNC)

Wealthfront Advisers LLC acquired a new position in Simmons First National Co. (NASDAQ:SFNC - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 26,311 shares of the bank's stock, valued at approximately $584,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in Simmons First National by 4.2% in the 4th 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. Carlson Capital L.P. acquired a new position in Simmons First National in the 4th quarter worth $464,000. Charles Schwab Investment Management Inc. lifted its holdings in Simmons First National by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,866,142 shares of the bank's stock worth $40,197,000 after buying an additional 65,992 shares in the last quarter. Franklin Resources Inc. acquired a new position in Simmons First National in the 3rd quarter worth $1,339,000. Finally, Systematic Financial Management LP acquired a new position in Simmons First National in the 3rd quarter worth $824,000. Institutional investors and hedge funds own 27.58% of the company's stock.

Wall Street Analyst Weigh In

Separately, Stephens dropped their target price 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.

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Simmons First National Stock Performance

Shares of NASDAQ:SFNC traded down $0.16 during trading on Thursday, reaching $20.50. 580,238 shares of the company's stock traded hands, compared to its average volume of 533,578. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.79 and a quick ratio of 0.79. Simmons First National Co. has a 12 month low of $16.03 and a 12 month high of $25.95. The company has a 50 day moving average of $21.89 and a 200-day moving average of $22.47. The stock has a market capitalization of $2.58 billion, a P/E ratio of 16.94 and a beta of 0.84.

Simmons First National (NASDAQ:SFNC - Get Free Report) last posted its 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. Simmons First National had a net margin of 10.46% and a return on equity of 5.10%. The firm had revenue of $208.50 million during the quarter, compared to analysts' expectations of $208.67 million. During the same quarter in the prior year, the firm earned $0.40 EPS. Simmons First National's quarterly revenue was up 17.4% on a year-over-year basis. On average, equities analysts expect that Simmons First National Co. will post 1.66 EPS for the current year.

Simmons First National Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a $0.2125 dividend. This is a boost from Simmons First National's previous quarterly dividend of $0.21. The ex-dividend date is Friday, March 14th. This represents a $0.85 annualized dividend and a yield of 4.15%. Simmons First National's dividend payout ratio is 70.25%.

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.