Hexagon Capital Partners LLC lifted its position in Simmons First National Co. (NASDAQ:SFNC – Get Rating) by 30.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,599 shares of the bank's stock after acquiring an additional 599 shares during the quarter. Hexagon Capital Partners LLC's holdings in Simmons First National were worth $55,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in SFNC. Hardy Reed LLC bought a new position in Simmons First National during the first quarter valued at about $84,000. Strs Ohio grew its position in Simmons First National by 10.0% during the first quarter. Strs Ohio now owns 4,400 shares of the bank's stock valued at $115,000 after buying an additional 400 shares during the period. SG Americas Securities LLC lifted its holdings in Simmons First National by 60.9% during the first quarter. SG Americas Securities LLC now owns 5,928 shares of the bank's stock valued at $155,000 after purchasing an additional 2,243 shares during the last quarter. Mendel Capital Management LLC purchased a new stake in Simmons First National during the fourth quarter valued at about $216,000. Finally, Inspire Investing LLC purchased a new stake in Simmons First National during the first quarter valued at about $237,000. Institutional investors own 13.38% of the company's stock.
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Simmons First National Trading Down 0.9 %
Shares of Simmons First National stock opened at $21.79 on Monday. Simmons First National Co. has a 12-month low of $19.87 and a 12-month high of $32.76. The company has a market cap of $2.80 billion, a price-to-earnings ratio of 11.17 and a beta of 0.86. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.45. The company's 50-day moving average price is $23.68 and its 200-day moving average price is $23.99.
Simmons First National (NASDAQ:SFNC – Get Rating) last announced its quarterly earnings results on Thursday, July 21st. The bank reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $225.28 million for the quarter, compared to the consensus estimate of $228.57 million. During the same period in the prior year, the firm posted $0.69 earnings per share. On average, equities analysts expect that Simmons First National Co. will post 2.32 earnings per share for the current fiscal year.
Simmons First National Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 15th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date is Wednesday, September 14th. Simmons First National's payout ratio is 38.97%.
Analyst Ratings Changes
Several equities research analysts have commented on SFNC shares. Piper Sandler dropped their price objective on shares of Simmons First National to $24.50 in a report on Monday, July 4th. StockNews.com downgraded shares of Simmons First National from a "hold" rating to a "sell" rating in a report on Thursday. Finally, Stephens upped their price objective on shares of Simmons First National to $25.00 in a report on Monday, July 25th.
Insider Transactions at Simmons First National
In related news, 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 $5,508,638.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Dean O. Bass sold 8,810 shares of the company's stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $22.86, for a total value of $201,396.60. Following the transaction, the director now directly owns 244,535 shares in the company, valued at $5,590,070.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Dean O. Bass sold 7,334 shares of the company's stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $23.88, for a total transaction of $175,135.92. Following the completion of the transaction, the director now owns 230,680 shares in the company, valued at $5,508,638.40. The disclosure for this sale can be found here. Insiders own 1.80% of the company's stock.
Simmons First National 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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