Voya Investment Management LLC Has $4.35 Million Position in Simmons First National Co. (NASDAQ:SFNC)

Voya Investment Management LLC lessened its stake in shares of Simmons First National Co. (NASDAQ:SFNC) by 13.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 196,180 shares of the bank’s stock after selling 30,511 shares during the period. Voya Investment Management LLC owned 0.16% of Simmons First National worth $4,351,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in Simmons First National by 11.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 90,008 shares of the bank’s stock valued at $1,997,000 after purchasing an additional 8,890 shares during the period. State of Tennessee Department of Treasury boosted its position in shares of Simmons First National by 22.4% in the fourth quarter. State of Tennessee Department of Treasury now owns 82,890 shares of the bank’s stock valued at $1,839,000 after acquiring an additional 15,175 shares during the period. MetLife Investment Management LLC grew its stake in shares of Simmons First National by 5.7% in the fourth quarter. MetLife Investment Management LLC now owns 75,729 shares of the bank’s stock worth $1,680,000 after acquiring an additional 4,112 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Simmons First National by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,616,599 shares of the bank’s stock worth $168,938,000 after acquiring an additional 51,468 shares during the last quarter. Finally, Mariner LLC raised its stake in Simmons First National by 15.9% during the 4th quarter. Mariner LLC now owns 24,749 shares of the bank’s stock valued at $549,000 after purchasing an additional 3,400 shares during the last quarter. Institutional investors own 27.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SFNC shares. Stephens reduced their price objective on Simmons First National from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Monday, April 21st. Piper Sandler raised Simmons First National from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $20.00 to $21.00 in a research report on Monday, April 21st. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Simmons First National from $23.00 to $21.00 and set a “market perform” rating on the stock in a research note on Monday, April 21st.

Simmons First National Price Performance

Shares of SFNC stock opened at $18.85 on Friday. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 15.58 and a beta of 0.82. Simmons First National Co. has a 12 month low of $16.03 and a 12 month high of $25.95. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average price of $19.59 and a 200 day moving average price of $21.93.

Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings results on Wednesday, April 16th. The bank reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.10). Simmons First National had a net margin of 10.46% and a return on equity of 5.10%. The company had revenue of $209.58 million during the quarter, compared to analyst estimates of $209.00 million. During the same period last year, the company earned $0.32 EPS. Research analysts expect that Simmons First National Co. will post 1.66 EPS for the current year.

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.