Amalgamated Bank Sells 1,317 Shares of Simmons First National Co. (NASDAQ:SFNC)

Amalgamated Bank decreased its holdings in Simmons First National Co. (NASDAQ:SFNC) by 3.4% in the third quarter, Holdings Channel reports. The firm owned 36,979 shares of the bank’s stock after selling 1,317 shares during the quarter. Amalgamated Bank’s holdings in Simmons First National were worth $797,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Westwood Holdings Group Inc. purchased a new stake in Simmons First National during the first quarter valued at approximately $31,495,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Simmons First National by 9,443.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,395,980 shares of the bank’s stock valued at $24,541,000 after buying an additional 1,381,353 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Simmons First National by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,323,934 shares of the bank’s stock valued at $128,752,000 after buying an additional 413,459 shares in the last quarter. Denali Advisors LLC increased its holdings in Simmons First National by 104.6% in the 2nd quarter. Denali Advisors LLC now owns 376,000 shares of the bank’s stock worth $6,610,000 after acquiring an additional 192,200 shares in the last quarter. Finally, Mesirow Institutional Investment Management Inc. raised its stake in Simmons First National by 28.0% during the 2nd quarter. Mesirow Institutional Investment Management Inc. now owns 705,138 shares of the bank’s stock worth $12,396,000 after acquiring an additional 154,128 shares during the period. Hedge funds and other institutional investors own 27.58% of the company’s stock.

Insider Activity at Simmons First National

In related news, CAO David W. Garner sold 3,600 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $21.21, for a total value of $76,356.00. Following the completion of the transaction, the chief accounting officer now owns 64,966 shares of the company’s stock, valued at approximately $1,377,928.86. This trade represents a 5.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.91% of the stock is currently owned by insiders.

Simmons First National Stock Performance

Shares of NASDAQ SFNC opened at $24.52 on Friday. The firm’s fifty day moving average is $22.35 and its two-hundred day moving average is $19.96. Simmons First National Co. has a 52-week low of $15.72 and a 52-week high of $25.95. The company has a market cap of $3.08 billion, a P/E ratio of 24.25 and a beta of 0.86. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.80 and a current ratio of 0.80.

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

Simmons First National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders 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 dividend yield of 3.43%. Simmons First National’s dividend payout ratio is currently 82.35%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SFNC shares. Piper Sandler upped 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 report on Friday, July 26th. Keefe, Bruyette & Woods upped their target price 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. Stephens raised Simmons First National from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $27.00 to $28.00 in a report on Monday, October 21st. Finally, StockNews.com raised Simmons First National from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $23.00.

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.