Jag Capital Management LLC Buys 1,274 Shares of Simmons First National Corporation $SFNC

Jag Capital Management LLC increased its stake in shares of Simmons First National Corporation (NASDAQ:SFNC) by 1.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 122,821 shares of the bank’s stock after buying an additional 1,274 shares during the period. Jag Capital Management LLC’s holdings in Simmons First National were worth $2,329,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC grew its position in shares of Simmons First National by 159.2% during the 2nd quarter. CWM LLC now owns 11,989 shares of the bank’s stock valued at $227,000 after acquiring an additional 7,364 shares during the period. Inspire Investing LLC lifted its stake in Simmons First National by 24.9% in the second quarter. Inspire Investing LLC now owns 20,933 shares of the bank’s stock valued at $397,000 after purchasing an additional 4,168 shares during the last quarter. KLP Kapitalforvaltning AS grew its holdings in Simmons First National by 4.2% during the second quarter. KLP Kapitalforvaltning AS now owns 27,000 shares of the bank’s stock valued at $517,000 after purchasing an additional 1,100 shares during the period. ZWJ Investment Counsel Inc. purchased a new stake in Simmons First National in the second quarter worth $213,000. Finally, 1900 Wealth Management LLC increased its position in Simmons First National by 1.1% in the second quarter. 1900 Wealth Management LLC now owns 47,560 shares of the bank’s stock worth $902,000 after buying an additional 497 shares during the last quarter. 27.58% of the stock is currently owned by hedge funds and other institutional investors.

Simmons First National Price Performance

Shares of NASDAQ:SFNC opened at $18.93 on Tuesday. The company has a 50 day moving average of $19.92 and a 200 day moving average of $19.37. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.28. The stock has a market cap of $2.74 billion, a P/E ratio of 14.91 and a beta of 0.94. Simmons First National Corporation has a 12 month low of $17.20 and a 12 month high of $25.95.

Simmons First National (NASDAQ:SFNC) last announced its quarterly earnings results on Thursday, July 17th. The bank reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. The firm had revenue of $214.18 million during the quarter, compared to the consensus estimate of $217.21 million. Simmons First National had a net margin of 11.19% and a return on equity of 5.23%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the firm earned $0.33 EPS. As a group, sell-side analysts forecast that Simmons First National Corporation will post 1.66 EPS for the current fiscal year.

Simmons First National Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were given a dividend of $0.2125 per share. This represents a $0.85 annualized dividend and a yield of 4.5%. The ex-dividend date was Monday, September 15th. Simmons First National’s payout ratio is presently 66.93%.

Insider Buying and Selling at Simmons First National

In other Simmons First National news, COO Steenberg Christopher J. Van purchased 13,500 shares of the company’s stock in a transaction dated Wednesday, July 23rd. The stock was purchased at an average price of $18.50 per share, for a total transaction of $249,750.00. Following the transaction, the chief operating officer owned 13,500 shares in the company, valued at $249,750. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO George Makris, Jr. acquired 28,075 shares of the firm’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was bought at an average price of $18.50 per share, for a total transaction of $519,387.50. Following the completion of the transaction, the chief executive officer owned 29,550 shares of the company’s stock, valued at $546,675. The trade was a 1,903.39% increase in their position. The disclosure for this purchase can be found here. Insiders bought 100,755 shares of company stock valued at $1,865,332 over the last 90 days. Insiders own 1.91% of the company’s stock.

Wall Street Analyst Weigh In

SFNC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods upped their price target on Simmons First National from $21.00 to $22.00 and gave the company a “market perform” rating in a research report on Monday, July 21st. DA Davidson upped their price objective on shares of Simmons First National from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Zacks Research upgraded shares of Simmons First National from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Simmons First National in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Simmons First National from a “sell” rating to a “hold” rating in a report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $22.75.

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.