State of Tennessee Treasury Department boosted its holdings in Simmons First National Co. (NASDAQ:SFNC – Get Rating) by 10.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,883 shares of the bank's stock after acquiring an additional 6,218 shares during the period. State of Tennessee Treasury Department owned about 0.06% of Simmons First National worth $1,675,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Strs Ohio boosted its stake in Simmons First National by 10.0% in the first quarter. Strs Ohio now owns 4,400 shares of the bank's stock valued at $115,000 after acquiring an additional 400 shares during the period. Mutual of America Capital Management LLC boosted its stake in Simmons First National by 3.5% in the first quarter. Mutual of America Capital Management LLC now owns 16,242 shares of the bank's stock valued at $426,000 after acquiring an additional 553 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in Simmons First National by 2.1% in the first quarter. Mercer Global Advisors Inc. ADV now owns 29,153 shares of the bank's stock valued at $764,000 after acquiring an additional 613 shares during the period. IndexIQ Advisors LLC boosted its stake in Simmons First National by 4.7% in the first quarter. IndexIQ Advisors LLC now owns 14,895 shares of the bank's stock valued at $391,000 after acquiring an additional 662 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its stake in Simmons First National by 2.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 42,728 shares of the bank's stock valued at $1,120,000 after acquiring an additional 893 shares during the period. 13.38% of the stock is currently owned by institutional investors and hedge funds.
Get Simmons First National alerts:Analyst Upgrades and Downgrades
SFNC has been the subject of a number of research reports. Piper Sandler decreased their target price on Simmons First National to $24.50 in a research note on Monday, July 4th. Stephens lifted their price target on Simmons First National to $25.00 in a report on Monday, July 25th. Finally, StockNews.com raised Simmons First National from a "sell" rating to a "hold" rating in a report on Wednesday, August 24th.
Insider Buying and Selling at Simmons First National
In other Simmons First National news, Director Dean O. Bass sold 7,334 shares of Simmons First National stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $23.88, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Dean O. Bass sold 7,334 shares of the business's stock in a transaction on Monday, August 1st. The shares were sold at an average price of $23.88, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Dean O. Bass sold 8,810 shares of the business's stock in a transaction on Wednesday, July 27th. The shares were 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 in the company, valued at $5,590,070.10. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.Simmons First National Stock Performance
SFNC opened at $23.69 on Tuesday. Simmons First National Co. has a twelve month low of $19.87 and a twelve month high of $32.76. The stock has a market cap of $3.04 billion, a PE ratio of 12.15 and a beta of 0.87. The business's 50 day moving average is $22.78 and its 200-day moving average is $24.82. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.45.
Simmons First National (NASDAQ:SFNC – Get Rating) last announced its earnings results on Thursday, July 21st. The bank reported $0.52 EPS for the quarter, topping the consensus estimate of $0.46 by $0.06. Simmons First National had a return on equity of 8.73% and a net margin of 25.19%. The firm had revenue of $225.28 million for the quarter, compared to analysts' expectations of $228.57 million. During the same quarter in the previous year, the company earned $0.69 earnings per share. On average, analysts predict that Simmons First National Co. will post 2.33 earnings per share for the current year.
Simmons First National Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 15th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.76 annualized dividend and a yield of 3.21%. Simmons First National's payout ratio is 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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