Simmons First National Co. (NASDAQ:SFNC) Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company increased its position in shares of Simmons First National Co. (NASDAQ:SFNC) by 4.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,925 shares of the bank’s stock after acquiring an additional 2,975 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.06% of Simmons First National worth $1,229,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc raised its holdings in Simmons First National by 161.0% in the 2nd quarter. Versant Capital Management Inc now owns 1,843 shares of the bank’s stock valued at $32,000 after buying an additional 1,137 shares during the period. Farmers & Merchants Investments Inc. raised its holdings in Simmons First National by 2,045.5% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 1,888 shares of the bank’s stock valued at $33,000 after buying an additional 1,800 shares during the period. Profund Advisors LLC purchased a new stake in Simmons First National in the 2nd quarter valued at about $183,000. Hennion & Walsh Asset Management Inc. purchased a new stake in Simmons First National in the 1st quarter valued at about $227,000. Finally, Everence Capital Management Inc. purchased a new stake in Simmons First National in the 1st quarter valued at about $252,000. Institutional investors and hedge funds own 27.58% of the company’s stock.

Wall Street Analysts Forecast Growth

SFNC has been the topic of several research analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of Simmons First National from $20.00 to $22.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. StockNews.com lowered shares of Simmons First National from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd. Piper Sandler boosted their price target on shares of Simmons First National from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Friday, July 26th. Finally, Stephens boosted their price target on shares of Simmons First National from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 25th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $21.75.

Insider Activity at Simmons First National

In related news, CEO Robert A. Fehlman sold 8,680 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $21.93, for a total value of $190,352.40. Following the completion of the transaction, the chief executive officer now directly owns 156,357 shares of the company’s stock, valued at $3,428,909.01. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CAO David W. Garner sold 3,600 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $21.21, for a total value of $76,356.00. Following the completion of the sale, the chief accounting officer now directly owns 64,966 shares of the company’s stock, valued at approximately $1,377,928.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert A. Fehlman sold 8,680 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $21.93, for a total value of $190,352.40. Following the completion of the sale, the chief executive officer now directly owns 156,357 shares of the company’s stock, valued at $3,428,909.01. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,700 shares of company stock valued at $728,952 over the last three months. 1.91% of the stock is owned by corporate insiders.

Simmons First National Stock Performance

Shares of Simmons First National stock opened at $22.28 on Friday. Simmons First National Co. has a one year low of $13.36 and a one year high of $22.46. The company has a market cap of $2.80 billion, a PE ratio of 16.75 and a beta of 0.87. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.80 and a current ratio of 0.80. The business has a 50-day simple moving average of $20.72 and a 200-day simple moving average of $19.10.

Simmons First National (NASDAQ:SFNC) last announced its quarterly earnings results on Wednesday, July 24th. The bank reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. The firm had revenue of $372.44 million during the quarter, compared to the consensus estimate of $197.30 million. Simmons First National had a return on equity of 5.33% and a net margin of 10.49%. During the same period in the prior year, the company posted $0.48 earnings per share. On average, equities research analysts forecast that Simmons First National Co. will post 1.32 EPS for the current fiscal year.

Simmons First National Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend was Friday, September 13th. Simmons First National’s dividend payout ratio (DPR) is 63.16%.

Simmons First National Company 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.