Centiva Capital LP Lowers Stake in Simmons First National Co. (NASDAQ:SFNC)

Centiva Capital LP lessened its stake in shares of Simmons First National Co. (NASDAQ:SFNC) by 28.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,761 shares of the bank’s stock after selling 4,674 shares during the quarter. Centiva Capital LP’s holdings in Simmons First National were worth $261,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp acquired a new position in shares of Simmons First National in the fourth quarter worth about $29,000. Quarry LP acquired a new position in shares of Simmons First National in the fourth quarter worth about $47,000. Smartleaf Asset Management LLC lifted its stake in shares of Simmons First National by 168.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,144 shares of the bank’s stock worth $48,000 after acquiring an additional 1,345 shares in the last quarter. Sterling Capital Management LLC lifted its stake in shares of Simmons First National by 813.8% in the fourth quarter. Sterling Capital Management LLC now owns 3,911 shares of the bank’s stock worth $87,000 after acquiring an additional 3,483 shares in the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in shares of Simmons First National in the fourth quarter worth about $114,000. Institutional investors and hedge funds own 27.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Stephens lowered their price objective on Simmons First National from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Monday, April 21st. Keefe, Bruyette & Woods lowered their price objective on Simmons First National from $23.00 to $21.00 and set a “market perform” rating for the company in a report on Monday, April 21st. Finally, Piper Sandler raised Simmons First National from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $20.00 to $21.00 in a report on Monday, April 21st.

Simmons First National Stock Performance

SFNC opened at $20.19 on Tuesday. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 16.69 and a beta of 0.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.79 and a quick ratio of 0.79. Simmons First National Co. has a 1-year low of $16.03 and a 1-year high of $25.95. The business has a 50 day moving average price of $19.29 and a two-hundred day moving average price of $21.73.

Simmons First National (NASDAQ:SFNC) last released its 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 return on equity of 5.10% and a net margin of 10.46%. The firm had revenue of $209.58 million during the quarter, compared to analyst estimates of $209.00 million. During the same quarter last year, the company earned $0.32 earnings per share. Research analysts predict that Simmons First National Co. will post 1.66 EPS for the current fiscal year.

Simmons First National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be given a dividend of $0.2125 per share. The ex-dividend date is Friday, June 13th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 4.21%. Simmons First National’s dividend payout ratio (DPR) is presently 73.28%.

Simmons First National Company 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. 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.