PNC Financial Services Group Inc. Sells 1,988 Shares of Simmons First National Co. (NASDAQ:SFNC)

PNC Financial Services Group Inc. lowered its position in shares of Simmons First National Co. (NASDAQ:SFNC) by 21.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,382 shares of the bank’s stock after selling 1,988 shares during the period. PNC Financial Services Group Inc.’s holdings in Simmons First National were worth $146,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC purchased a new position in shares of Simmons First National during the 4th quarter valued at $29,000. TFO Wealth Partners LLC grew its position 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 in the last quarter. Summit Financial Wealth Advisors LLC increased its stake in Simmons First National by 15.9% in the 4th quarter. Summit Financial Wealth Advisors LLC now owns 11,590 shares of the bank’s stock worth $230,000 after acquiring an additional 1,590 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Simmons First National by 978.8% in the 4th quarter. International Assets Investment Management LLC now owns 13,323 shares of the bank’s stock valued at $264,000 after acquiring an additional 12,088 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its position in shares of Simmons First National by 8.1% during the 4th quarter. QRG Capital Management Inc. now owns 13,984 shares of the bank’s stock valued at $277,000 after acquiring an additional 1,043 shares during the last quarter. Institutional investors own 27.58% of the company’s stock.

Wall Street Analysts Forecast Growth

SFNC has been the topic of several research analyst reports. StockNews.com upgraded shares of Simmons First National from a “sell” rating to a “hold” rating in a research report on Friday. Keefe, Bruyette & Woods decreased their price target on shares of Simmons First National from $21.00 to $20.00 and set a “market perform” rating on the stock in a report on Thursday, April 25th. Finally, Stephens dropped 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 report on Thursday, April 25th. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $21.00.

Simmons First National Stock Down 1.9 %

Shares of SFNC opened at $17.30 on Friday. Simmons First National Co. has a 1 year low of $13.36 and a 1 year high of $20.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a 50 day simple moving average of $17.32 and a two-hundred day simple moving average of $18.39. The firm has a market cap of $2.17 billion, a P/E ratio of 13.01 and a beta of 0.89.

Simmons First National (NASDAQ:SFNC) last announced its quarterly earnings data on Wednesday, April 24th. The bank reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.32. The company had revenue of $195.10 million during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company earned $0.37 EPS. On average, analysts forecast that Simmons First National Co. will post 1.29 earnings per share for the current fiscal year.

Simmons First National Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.84 annualized dividend and a dividend yield of 4.86%. Simmons First National’s dividend payout ratio is currently 63.16%.

Insider Activity

In related news, EVP George A. Makris III sold 15,625 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $17.23, for a total transaction of $269,218.75. Following the transaction, the executive vice president now directly owns 39,707 shares in the company, valued at approximately $684,151.61. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.91% of the stock is currently owned by corporate insiders.

About Simmons First National

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.