Mercer Global Advisors Inc. ADV lifted its position in Simmons First National Co. (NASDAQ:SFNC – Get Rating) by 2.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,153 shares of the bank's stock after purchasing an additional 613 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Simmons First National were worth $764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Meridian Management Co. increased its stake in shares of Simmons First National by 8.7% in the first quarter. Meridian Management Co. now owns 51,897 shares of the bank's stock worth $1,361,000 after purchasing an additional 4,169 shares in the last quarter. MAS Advisors LLC purchased a new stake in shares of Simmons First National in the first quarter worth $489,000. Burney Co. increased its stake in shares of Simmons First National by 26.7% in the first quarter. Burney Co. now owns 211,845 shares of the bank's stock worth $5,555,000 after purchasing an additional 44,675 shares in the last quarter. Swiss National Bank increased its stake in shares of Simmons First National by 13.6% in the first quarter. Swiss National Bank now owns 271,486 shares of the bank's stock worth $7,118,000 after purchasing an additional 32,600 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its position in shares of Simmons First National by 12.3% during the first quarter. Teacher Retirement System of Texas now owns 23,645 shares of the bank's stock worth $620,000 after acquiring an additional 2,593 shares during the last quarter. 46.84% of the stock is owned by hedge funds and other institutional investors.
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Analyst Upgrades and Downgrades
SFNC has been the subject of a number of research reports. StockNews.com upgraded shares of Simmons First National from a "sell" rating to a "hold" rating in a research report on Wednesday. Stephens upped their target price on shares of Simmons First National to $25.00 in a research report on Monday, July 25th. Finally, Piper Sandler dropped their target price on shares of Simmons First National to $24.50 in a research report on Monday, July 4th.
Insider Activity at Simmons First National
In other Simmons First National news, Director Dean O. Bass sold 8,810 shares of the firm's stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $22.86, for a total value of $201,396.60. Following the completion of the sale, the director now owns 244,535 shares of the company's stock, valued at $5,590,070.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Dean O. Bass sold 8,810 shares of the company's stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $22.86, for a total transaction of $201,396.60. Following the transaction, the director now owns 244,535 shares of the company's stock, valued at $5,590,070.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dean O. Bass sold 7,334 shares of the company's stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $23.88, for a total value of $175,135.92. Following the transaction, the director now directly owns 230,680 shares in the company, valued at approximately $5,508,638.40. The disclosure for this sale can be found here. 1.76% of the stock is currently owned by insiders.
Simmons First National Price Performance
SFNC stock opened at $24.28 on Friday. Simmons First National Co. has a 52 week low of $19.87 and a 52 week high of $32.76. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.45. The company has a fifty day simple moving average of $22.73 and a two-hundred day simple moving average of $24.92. The firm has a market capitalization of $3.12 billion, a P/E ratio of 12.45 and a beta of 0.87.
Simmons First National (NASDAQ:SFNC – Get Rating) last released its quarterly earnings data on Thursday, July 21st. The bank reported $0.52 EPS for the quarter, beating the consensus estimate of $0.46 by $0.06. Simmons First National had a net margin of 25.19% and a return on equity of 8.73%. The business had revenue of $225.28 million during the quarter, compared to analyst estimates of $228.57 million. During the same quarter last year, the business earned $0.69 earnings per share. Analysts anticipate that Simmons First National Co. will post 2.33 earnings per share for the current fiscal year.
Simmons First National Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 15th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.13%. Simmons First National's dividend payout ratio is presently 38.97%.
Simmons First National Company Profile
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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. It 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; insurance products; and securities and investment services.
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