Stephens Inc. AR lifted its stake in Simmons First National Co. (NASDAQ:SFNC) by 6.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,338 shares of the bank’s stock after purchasing an additional 5,799 shares during the period. Stephens Inc. AR owned 0.11% of Simmons First National worth $2,357,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of SFNC. Versant Capital Management Inc boosted its holdings in Simmons First National by 56.6% in the 1st quarter. Versant Capital Management Inc now owns 1,895 shares of the bank’s stock worth $46,000 after buying an additional 685 shares during the period. Marshall Wace North America L.P. bought a new position in Simmons First National in the 1st quarter worth $59,000. Meeder Asset Management Inc. bought a new position in Simmons First National in the 1st quarter worth $89,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Simmons First National during the 2nd quarter valued at about $279,000. Finally, Millennium Management LLC bought a new position in shares of Simmons First National during the 4th quarter valued at about $295,000. Hedge funds and other institutional investors own 56.53% of the company’s stock.
Shares of NASDAQ:SFNC traded up $0.88 during trading on Friday, reaching $24.98. The company’s stock had a trading volume of 1,044,400 shares, compared to its average volume of 522,454. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. Simmons First National Co. has a 12 month low of $22.08 and a 12 month high of $32.45. The firm’s 50 day simple moving average is $24.23 and its two-hundred day simple moving average is $24.76. The stock has a market capitalization of $2.33 billion, a PE ratio of 9.92 and a beta of 1.06.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 16th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Friday, September 13th. Simmons First National’s payout ratio is 27.00%.
In other Simmons First National news, CEO George Makris, Jr. purchased 10,858 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was purchased at an average price of $24.37 per share, with a total value of $264,609.46. Following the acquisition, the chief executive officer now owns 377,243 shares in the company, valued at $9,193,411.91. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.02% of the stock is currently owned by company insiders.
SFNC has been the subject of several research reports. Stephens set a $29.00 price objective on shares of Simmons First National and gave the company a “buy” rating in a report on Thursday, June 20th. Sandler O’Neill raised shares of Simmons First National from a “hold” rating to a “buy” rating and increased their price objective for the company from $26.00 to $30.00 in a report on Thursday, August 1st. BidaskClub raised shares of Simmons First National from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Finally, Zacks Investment Research raised shares of Simmons First National from a “sell” rating to a “hold” rating in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $29.20.
Simmons First National Company Profile
Simmons First National Corporation operates as the holding company for Simmons Bank that provides financial products and services to individuals and businesses. It offers checking, savings, and time deposits; loan products, including consumer, real estate, commercial, agricultural, equipment, and SBA lending; personal and corporate trust services; credit cards; investment management products; insurance products; and securities and investment services.
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