Jag Capital Management LLC Increases Stake in Simmons First National Corporation (NASDAQ:SFNC)

Jag Capital Management LLC boosted its holdings in shares of Simmons First National Corporation (NASDAQ:SFNC) by 0.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 121,547 shares of the bank’s stock after buying an additional 1,126 shares during the quarter. Jag Capital Management LLC’s holdings in Simmons First National were worth $2,495,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SFNC. Ieq Capital LLC purchased a new position in Simmons First National during the 4th quarter worth approximately $364,000. Handelsbanken Fonder AB raised its position in Simmons First National by 11.8% during the 4th quarter. Handelsbanken Fonder AB now owns 26,560 shares of the bank’s stock worth $589,000 after buying an additional 2,800 shares during the last quarter. Fisher Asset Management LLC raised its position in Simmons First National by 6.9% during the 4th quarter. Fisher Asset Management LLC now owns 621,000 shares of the bank’s stock worth $13,774,000 after buying an additional 39,995 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Simmons First National by 168.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,144 shares of the bank’s stock worth $48,000 after buying an additional 1,345 shares during the last quarter. Finally, Jones Financial Companies Lllp purchased a new position in Simmons First National during the 4th quarter worth approximately $29,000. 27.58% of the stock is owned by hedge funds and other institutional investors.

Simmons First National Price Performance

NASDAQ:SFNC opened at $18.93 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 16.32 and a beta of 0.93. The company has a 50 day moving average price of $18.87 and a 200-day moving average price of $20.55. Simmons First National Corporation has a 1-year low of $17.01 and a 1-year high of $25.95.

Simmons First National (NASDAQ:SFNC) last posted its earnings results on Wednesday, April 16th. The bank reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.10). Simmons First National had a net margin of 10.10% and a return on equity of 4.86%. The firm had revenue of $209.58 million for the quarter, compared to analysts’ expectations of $209.00 million. During the same period last year, the firm earned $0.32 earnings per share. Equities research analysts forecast that Simmons First National Corporation will post 1.66 EPS for the current year.

Simmons First National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be paid a dividend of $0.2125 per share. The ex-dividend date is Friday, June 13th. This represents a $0.85 annualized dividend and a yield of 4.49%. Simmons First National’s dividend payout ratio (DPR) is presently 73.28%.

Analyst Upgrades and Downgrades

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

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.