Eagle Bluffs Wealth Management LLC Raises Stock Position in Simmons First National Co. (NASDAQ:SFNC)

Eagle Bluffs Wealth Management LLC boosted its position in shares of Simmons First National Co. (NASDAQ:SFNC) by 3.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,298 shares of the bank’s stock after acquiring an additional 2,550 shares during the period. Eagle Bluffs Wealth Management LLC owned 0.06% of Simmons First National worth $1,408,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in Simmons First National during the fourth quarter valued at approximately $26,533,000. State Street Corp lifted its holdings in shares of Simmons First National by 16.5% in the 1st quarter. State Street Corp now owns 6,418,405 shares of the bank’s stock worth $169,413,000 after acquiring an additional 911,143 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Simmons First National by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 13,036,376 shares of the bank’s stock worth $341,814,000 after acquiring an additional 677,796 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Simmons First National by 56.4% in the 1st quarter. Hsbc Holdings PLC now owns 1,043,756 shares of the bank’s stock worth $27,649,000 after acquiring an additional 376,371 shares during the last quarter. Finally, Citadel Advisors LLC lifted its holdings in shares of Simmons First National by 194.1% in the 2nd quarter. Citadel Advisors LLC now owns 525,833 shares of the bank’s stock worth $11,180,000 after acquiring an additional 347,052 shares during the last quarter. Hedge funds and other institutional investors own 27.58% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Robert W. Baird lifted their target price on shares of Simmons First National from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. StockNews.com downgraded shares of Simmons First National from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd.

Simmons First National Trading Down 1.3 %

Simmons First National stock traded down $0.24 during mid-day trading on Tuesday, reaching $17.57. 155,896 shares of the company traded hands, compared to its average volume of 520,664. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.77 and a quick ratio of 0.77. The firm’s 50 day moving average price is $18.79 and its 200 day moving average price is $17.91. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 12.91 and a beta of 0.87. Simmons First National Co. has a 52-week low of $13.36 and a 52-week high of $20.82.

Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings data on Wednesday, January 24th. The bank reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The business had revenue of $197.80 million for the quarter, compared to the consensus estimate of $204.25 million. Simmons First National had a net margin of 12.82% and a return on equity of 6.19%. The company’s quarterly revenue was down 15.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.64 EPS. On average, analysts anticipate that Simmons First National Co. will post 1.42 earnings per share for the current fiscal year.

Simmons First National Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were given a $0.21 dividend. The ex-dividend date was Thursday, March 14th. This is an increase from Simmons First National’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.78%. Simmons First National’s dividend payout ratio is currently 60.87%.

Simmons First National 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.