Simmons First National Co. (SFNC) Shares Sold by Mesirow Financial Investment Management Equity Management
Mesirow Financial Investment Management Equity Management cut its stake in shares of Simmons First National Co. (NASDAQ:SFNC) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 383,062 shares of the bank’s stock after selling 21,200 shares during the period. Mesirow Financial Investment Management Equity Management owned about 0.42% of Simmons First National worth $9,243,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Renaissance Technologies LLC bought a new stake in shares of Simmons First National in the 2nd quarter worth approximately $1,587,000. Raymond James & Associates lifted its position in shares of Simmons First National by 147.9% during the 2nd quarter. Raymond James & Associates now owns 49,030 shares of the bank’s stock worth $1,466,000 after buying an additional 29,248 shares during the period. California Public Employees Retirement System lifted its position in shares of Simmons First National by 21.5% during the 2nd quarter. California Public Employees Retirement System now owns 152,567 shares of the bank’s stock worth $4,562,000 after buying an additional 27,037 shares during the period. Jane Street Group LLC bought a new position in shares of Simmons First National during the 2nd quarter worth approximately $256,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Simmons First National by 1.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,056,267 shares of the bank’s stock worth $31,581,000 after buying an additional 12,231 shares during the period. Institutional investors and hedge funds own 52.62% of the company’s stock.
In related news, EVP Patrick A. Burrow purchased 1,500 shares of Simmons First National stock in a transaction dated Tuesday, November 20th. The shares were acquired at an average cost of $27.65 per share, for a total transaction of $41,475.00. Following the transaction, the executive vice president now directly owns 31,829 shares of the company’s stock, valued at $880,071.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO George Makris, Jr. purchased 10,000 shares of Simmons First National stock in a transaction dated Wednesday, January 30th. The stock was bought at an average price of $24.85 per share, for a total transaction of $248,500.00. Following the completion of the transaction, the chief executive officer now directly owns 220,766 shares in the company, valued at $5,486,035.10. The disclosure for this purchase can be found here. 2.76% of the stock is currently owned by company insiders.
Simmons First National (NASDAQ:SFNC) last released its earnings results on Tuesday, January 22nd. The bank reported $0.61 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.61. The company had revenue of $172.37 million during the quarter, compared to analysts’ expectations of $177.84 million. Simmons First National had a return on equity of 10.14% and a net margin of 26.16%. As a group, equities research analysts expect that Simmons First National Co. will post 2.48 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 15th will be paid a $0.16 dividend. This is a boost from Simmons First National’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Thursday, March 14th. Simmons First National’s dividend payout ratio (DPR) is 25.32%.
Several research firms recently commented on SFNC. Zacks Investment Research downgraded Simmons First National from a “buy” rating to a “hold” rating in a research report on Wednesday, December 19th. BidaskClub raised Simmons First National from a “sell” rating to a “hold” rating in a report on Tuesday, October 30th. ValuEngine raised Simmons First National from a “strong sell” rating to a “sell” rating in a report on Friday. Stephens set a $32.00 price target on Simmons First National and gave the company a “buy” rating in a report on Friday, November 16th. Finally, Robert W. Baird assumed coverage on Simmons First National in a report on Tuesday, October 16th. They set an “outperform” rating and a $34.00 price target for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Simmons First National has a consensus rating of “Hold” and an average price target of $31.60.
About Simmons First National
Simmons First National Corporation operates as the holding company for Simmons Bank that provides financial products and services to individuals and businesses. It offers checking, savings, and time deposits; loan products, including consumer, real estate, commercial, agricultural, equipment, and SBA lending; personal and corporate trust services; credit cards; investment management products; insurance products; and securities and investment services.
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