Dimensional Fund Advisors LP lifted its position in Simmons First National Co. (NASDAQ:SFNC) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,230,600 shares of the bank’s stock after buying an additional 28,372 shares during the quarter. Dimensional Fund Advisors LP owned about 0.06% of Simmons First National worth $134,517,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in Simmons First National by 88.7% in the 4th quarter. JPMorgan Chase & Co. now owns 447,485 shares of the bank’s stock valued at $9,662,000 after buying an additional 210,386 shares during the last quarter. Truist Financial Corp acquired a new position in Simmons First National during the 4th quarter worth $199,000. Jane Street Group LLC bought a new stake in Simmons First National during the fourth quarter valued at about $207,000. Canada Pension Plan Investment Board acquired a new stake in shares of Simmons First National in the fourth quarter valued at about $2,019,000. Finally, Squarepoint Ops LLC bought a new position in shares of Simmons First National in the fourth quarter worth about $268,000. 24.18% of the stock is owned by institutional investors and hedge funds.
In related news, Director Marty Casteel sold 76,170 shares of the firm’s stock in a transaction on Tuesday, February 2nd. The stock was sold at an average price of $25.32, for a total value of $1,928,624.40. Following the completion of the transaction, the director now directly owns 172,612 shares of the company’s stock, valued at $4,370,535.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.60% of the company’s stock.
Shares of SFNC opened at $29.15 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.98 and a current ratio of 0.99. The company has a 50-day simple moving average of $30.33 and a 200-day simple moving average of $23.22. Simmons First National Co. has a 52 week low of $13.75 and a 52 week high of $33.43. The firm has a market capitalization of $3.16 billion, a P/E ratio of 12.62 and a beta of 1.01.
Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings results on Monday, January 25th. The bank reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.15. The firm had revenue of $199.02 million for the quarter, compared to analyst estimates of $198.50 million. Simmons First National had a return on equity of 9.37% and a net margin of 24.39%. During the same period in the previous year, the company posted $0.66 earnings per share. As a group, equities analysts forecast that Simmons First National Co. will post 2.3 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 5th. Stockholders of record on Monday, March 15th were given a dividend of $0.18 per share. The ex-dividend date was Friday, March 12th. This is a boost from Simmons First National’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.47%. Simmons First National’s payout ratio is currently 26.37%.
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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