Covestor Ltd Raises Stock Holdings in Simmons First National Co. (NASDAQ:SFNC)

Covestor Ltd raised its stake in Simmons First National Co. (NASDAQ:SFNC) by 13.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,129 shares of the bank’s stock after purchasing an additional 497 shares during the period. Covestor Ltd’s holdings in Simmons First National were worth $89,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its position in shares of Simmons First National by 90.0% in the 1st quarter. BNP Paribas Financial Markets now owns 66,037 shares of the bank’s stock worth $1,285,000 after buying an additional 31,284 shares during the last quarter. Texas Permanent School Fund Corp grew its holdings in Simmons First National by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 109,560 shares of the bank’s stock worth $2,132,000 after purchasing an additional 1,479 shares during the last quarter. Sei Investments Co. increased its position in shares of Simmons First National by 17.1% during the first quarter. Sei Investments Co. now owns 173,229 shares of the bank’s stock worth $3,371,000 after purchasing an additional 25,316 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Simmons First National by 9.4% during the 1st quarter. QRG Capital Management Inc. now owns 15,293 shares of the bank’s stock valued at $298,000 after purchasing an additional 1,309 shares during the last quarter. Finally, Avantax Advisory Services Inc. acquired a new stake in shares of Simmons First National in the 1st quarter worth $416,000. 27.58% of the stock is currently owned by institutional investors.

Simmons First National Trading Down 0.8 %

Shares of NASDAQ:SFNC opened at $24.78 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.40. Simmons First National Co. has a 52-week low of $15.72 and a 52-week high of $25.95. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 24.29 and a beta of 0.86. The business has a 50-day moving average price of $22.27 and a 200-day moving average price of $19.92.

Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings results on Friday, October 18th. The bank reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. The company had revenue of $203.20 million during the quarter, compared to analyst estimates of $204.91 million. Simmons First National had a net margin of 8.94% and a return on equity of 5.15%. Simmons First National’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the firm posted $0.39 EPS. Equities analysts predict that Simmons First National Co. will post 1.33 EPS for the current year.

Simmons First National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, December 13th. This represents a $0.84 dividend on an annualized basis and a yield of 3.39%. Simmons First National’s dividend payout ratio is presently 82.35%.

Wall Street Analyst Weigh In

SFNC has been the subject of a number of research analyst reports. Piper Sandler increased their price target on Simmons First National from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Friday, July 26th. Stephens raised shares of Simmons First National from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $27.00 to $28.00 in a research report on Monday, October 21st. StockNews.com raised shares of Simmons First National from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Finally, Keefe, Bruyette & Woods raised their price target on shares of Simmons First National from $20.00 to $22.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $23.00.

Insider Buying and Selling at Simmons First National

In other Simmons First National news, CAO David W. Garner sold 3,600 shares of Simmons First National stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $21.21, for a total transaction of $76,356.00. Following the completion of the transaction, the chief accounting officer now owns 64,966 shares in the company, valued at approximately $1,377,928.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.91% of the stock is 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.