Goldman Sachs Group Inc. Boosts Holdings in Simmons First National Co. (NASDAQ:SFNC)

Goldman Sachs Group Inc. boosted its position in shares of Simmons First National Co. (NASDAQ:SFNC) by 54.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 992,678 shares of the bank’s stock after buying an additional 349,534 shares during the quarter. Goldman Sachs Group Inc. owned 0.79% of Simmons First National worth $19,695,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC purchased a new position in Simmons First National during the fourth quarter worth $29,000. TFO Wealth Partners LLC boosted its stake in Simmons First National by 250,150.0% during the fourth quarter. TFO Wealth Partners LLC now owns 10,010 shares of the bank’s stock worth $199,000 after buying an additional 10,006 shares during the period. Summit Financial Wealth Advisors LLC boosted its stake in Simmons First National by 15.9% during the fourth quarter. Summit Financial Wealth Advisors LLC now owns 11,590 shares of the bank’s stock worth $230,000 after buying an additional 1,590 shares during the period. International Assets Investment Management LLC boosted its stake in Simmons First National by 978.8% during the fourth quarter. International Assets Investment Management LLC now owns 13,323 shares of the bank’s stock worth $264,000 after buying an additional 12,088 shares during the period. Finally, QRG Capital Management Inc. boosted its stake in shares of Simmons First National by 8.1% during the fourth quarter. QRG Capital Management Inc. now owns 13,984 shares of the bank’s stock valued at $277,000 after purchasing an additional 1,043 shares during the period. 27.58% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Simmons First National news, EVP George A. Makris III sold 15,625 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $17.23, for a total value of $269,218.75. Following the completion of the transaction, the executive vice president now directly owns 39,707 shares in the company, valued at $684,151.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.91% of the stock is currently owned by corporate insiders.

Simmons First National Stock Up 0.9 %

NASDAQ:SFNC opened at $16.84 on Thursday. Simmons First National Co. has a 1-year low of $13.36 and a 1-year high of $20.82. The company has a 50-day moving average of $17.42 and a 200 day moving average of $18.43. The firm has a market cap of $2.11 billion, a PE ratio of 12.66 and a beta of 0.88. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.77 and a quick ratio of 0.77.

Simmons First National (NASDAQ:SFNC) last announced its earnings results on Wednesday, April 24th. The bank reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates of $0.32. The business had revenue of $195.10 million during the quarter, compared to the consensus estimate of $202.35 million. Simmons First National had a net margin of 11.97% and a return on equity of 5.94%. The firm’s revenue was down 12.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.37 earnings per share. As a group, research analysts anticipate that Simmons First National Co. will post 1.31 EPS for the current fiscal year.

Simmons First National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be issued a $0.21 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.84 dividend on an annualized basis and a yield of 4.99%. Simmons First National’s dividend payout ratio is presently 63.16%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. StockNews.com raised shares of Simmons First National from a “sell” rating to a “hold” rating in a research note on Monday, June 3rd. Stephens lowered their price objective on shares of Simmons First National from $22.00 to $21.00 and set an “equal weight” rating for the company in a research note on Thursday, April 25th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Simmons First National from $21.00 to $20.00 and set a “market perform” rating for the company in a research note on Thursday, April 25th. Four equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $21.00.

Simmons First National Profile

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.