Simmons First National Corporation $SFNC Stock Holdings Increased by Simmons Bank

Simmons Bank raised its position in shares of Simmons First National Corporation (NASDAQ:SFNC) by 5.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,417,286 shares of the bank’s stock after acquiring an additional 78,999 shares during the period. Simmons First National makes up approximately 1.8% of Simmons Bank’s holdings, making the stock its 9th biggest holding. Simmons Bank owned approximately 0.98% of Simmons First National worth $26,716,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings in shares of Simmons First National by 197.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,663 shares of the bank’s stock worth $32,000 after acquiring an additional 1,104 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Simmons First National by 42.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,175 shares of the bank’s stock worth $43,000 after acquiring an additional 649 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of Simmons First National by 32.0% during the 2nd quarter. Osaic Holdings Inc. now owns 2,658 shares of the bank’s stock worth $50,000 after acquiring an additional 644 shares in the last quarter. Covestor Ltd raised its holdings in shares of Simmons First National by 68.4% during the 3rd quarter. Covestor Ltd now owns 5,938 shares of the bank’s stock worth $114,000 after acquiring an additional 2,412 shares in the last quarter. Finally, Danske Bank A S raised its holdings in shares of Simmons First National by 900.0% during the 4th quarter. Danske Bank A S now owns 7,000 shares of the bank’s stock worth $132,000 after acquiring an additional 6,300 shares in the last quarter. 27.58% of the stock is owned by hedge funds and other institutional investors.

Simmons First National Stock Performance

Shares of Simmons First National stock opened at $20.58 on Thursday. The stock’s fifty day moving average is $20.14 and its two-hundred day moving average is $19.62. The company has a market capitalization of $2.99 billion, a PE ratio of -8.04 and a beta of 0.92. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.22. Simmons First National Corporation has a 52 week low of $17.00 and a 52 week high of $22.17.

Simmons First National (NASDAQ:SFNC) last announced its quarterly earnings data on Thursday, April 16th. The bank reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. The company had revenue of $241.37 million for the quarter, compared to the consensus estimate of $243.02 million. Simmons First National had a positive return on equity of 7.81% and a negative net margin of 25.44%.Simmons First National’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.26 EPS. As a group, analysts expect that Simmons First National Corporation will post 2.08 earnings per share for the current year.

Simmons First National declared that its board has initiated a share repurchase program on Tuesday, February 17th that permits the company to buyback $175.00 million in outstanding shares. This buyback authorization permits the bank to reacquire up to 5.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Weiss Ratings raised Simmons First National from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, April 24th. Stephens upped their price objective on Simmons First National from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Monday, April 20th. National Bank Financial set a $21.00 price objective on Simmons First National in a report on Wednesday, January 21st. DA Davidson reissued a “neutral” rating and set a $21.00 target price on shares of Simmons First National in a research report on Friday, April 17th. Finally, Zacks Research downgraded Simmons First National from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Simmons First National has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

About Simmons First National

Simmons First National Corporation (NASDAQ:SFNC) is a bank holding company headquartered in Pine Bluff, Arkansas. Through its primary operating subsidiary, Simmons Bank, the company maintains a network of more than 200 branches across Arkansas, Tennessee, Missouri, Mississippi, Texas, Oklahoma and North Carolina. Simmons First National offers a full suite of financial services to individuals, small businesses and commercial clients, emphasizing relationship-driven community banking.

The company’s core business activities span deposit-taking, lending and payment services.