Charles Schwab Investment Management Inc. Raises Stake in Simmons First National Co. (NASDAQ:SFNC)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Simmons First National Co. (NASDAQ:SFNC) by 2.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 845,759 shares of the bank’s stock after purchasing an additional 17,162 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.78% of Simmons First National worth $18,260,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of SFNC. Toronto Dominion Bank purchased a new position in Simmons First National during the 4th quarter worth $44,000. Nisa Investment Advisors LLC grew its position in Simmons First National by 66.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,130 shares of the bank’s stock worth $46,000 after purchasing an additional 850 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in Simmons First National during the 1st quarter worth $59,000. Veriti Management LLC purchased a new position in Simmons First National during the 4th quarter worth $90,000. Finally, SG Americas Securities LLC purchased a new position in Simmons First National during the 4th quarter worth $131,000. 24.18% of the stock is currently owned by institutional investors.

Shares of NASDAQ:SFNC opened at $29.15 on Thursday. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 12.62 and a beta of 1.01. The firm’s 50-day simple moving average is $30.33 and its 200-day simple moving average is $23.22. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.59. Simmons First National Co. has a fifty-two week low of $13.75 and a fifty-two week high of $33.43.

Simmons First National (NASDAQ:SFNC) last issued its earnings results on Monday, January 25th. The bank reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.15. Simmons First National had a net margin of 24.39% and a return on equity of 9.37%. The business had revenue of $199.02 million for the quarter, compared to the consensus estimate of $198.50 million. During the same quarter in the previous year, the firm earned $0.66 earnings per share. On average, research analysts forecast that Simmons First National Co. will post 2.3 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 5th. Investors of record on Monday, March 15th were paid a $0.18 dividend. This is a boost from Simmons First National’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, March 12th. This represents a $0.72 annualized dividend and a dividend yield of 2.47%. Simmons First National’s dividend payout ratio (DPR) is 26.37%.

Several brokerages have issued reports on SFNC. Zacks Investment Research raised shares of Simmons First National from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research report on Wednesday, March 31st. Raymond James downgraded shares of Simmons First National from an “outperform” rating to a “market perform” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $25.00.

In related news, Director Marty Casteel sold 76,170 shares of the firm’s stock in a transaction dated Tuesday, February 2nd. The shares were sold at an average price of $25.32, for a total value of $1,928,624.40. Following the completion of the sale, the director now owns 172,612 shares in the company, valued at $4,370,535.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is owned by company insiders.

Simmons First National 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. It 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; insurance products; and securities and investment services.

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Institutional Ownership by Quarter for Simmons First National (NASDAQ:SFNC)

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