Linden Thomas Advisory Services LLC Has $1.36 Million Stock Position in Simmons First National Corporation $SFNC

Linden Thomas Advisory Services LLC reduced its holdings in shares of Simmons First National Corporation (NASDAQ:SFNC) by 1.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,737 shares of the bank’s stock after selling 716 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Simmons First National were worth $1,360,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SFNC. Illinois Municipal Retirement Fund grew its holdings in shares of Simmons First National by 2.9% during the first quarter. Illinois Municipal Retirement Fund now owns 69,229 shares of the bank’s stock valued at $1,421,000 after buying an additional 1,926 shares during the last quarter. Jag Capital Management LLC boosted its holdings in Simmons First National by 0.9% during the first quarter. Jag Capital Management LLC now owns 121,547 shares of the bank’s stock worth $2,495,000 after purchasing an additional 1,126 shares during the last quarter. KBC Group NV boosted its holdings in Simmons First National by 18.7% during the first quarter. KBC Group NV now owns 7,231 shares of the bank’s stock worth $148,000 after purchasing an additional 1,140 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in Simmons First National by 99.9% during the first quarter. Teacher Retirement System of Texas now owns 19,066 shares of the bank’s stock worth $391,000 after purchasing an additional 9,530 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Simmons First National by 2.7% during the first quarter. Principal Financial Group Inc. now owns 691,328 shares of the bank’s stock worth $14,193,000 after purchasing an additional 17,888 shares during the last quarter. 27.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Simmons First National

In other Simmons First National news, EVP David W. Garner purchased 3,000 shares of the stock in a transaction dated Wednesday, October 22nd. The shares were bought at an average price of $17.66 per share, with a total value of $52,980.00. Following the completion of the transaction, the executive vice president directly owned 72,345 shares in the company, valued at approximately $1,277,612.70. This trade represents a 4.33% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Russell William Teubner purchased 9,200 shares of the stock in a transaction dated Thursday, August 7th. The stock was acquired at an average cost of $18.62 per share, for a total transaction of $171,304.00. Following the transaction, the director owned 53,220 shares of the company’s stock, valued at approximately $990,956.40. This trade represents a 20.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders bought 14,200 shares of company stock worth $261,544. Insiders own 1.44% of the company’s stock.

Simmons First National Stock Performance

Shares of SFNC stock opened at $17.87 on Friday. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of -6.10 and a beta of 0.94. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.88 and a current ratio of 0.88. Simmons First National Corporation has a 52 week low of $17.20 and a 52 week high of $25.95. The firm’s 50-day simple moving average is $19.72 and its two-hundred day simple moving average is $19.32.

Simmons First National (NASDAQ:SFNC) last announced its quarterly earnings data on Thursday, October 16th. The bank reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). The company had revenue of $232.54 million during the quarter, compared to the consensus estimate of $103.26 million. Simmons First National had a positive return on equity of 5.84% and a negative net margin of 29.70%.The business’s revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.37 EPS. As a group, equities analysts forecast that Simmons First National Corporation will post 1.66 earnings per share for the current year.

Simmons First National Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were given a $0.2125 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.85 annualized dividend and a dividend yield of 4.8%. Simmons First National’s payout ratio is -29.01%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SFNC. Zacks Research cut shares of Simmons First National from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Wall Street Zen upgraded shares of Simmons First National from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Weiss Ratings restated a “hold (c)” rating on shares of Simmons First National in a report on Saturday. Keefe, Bruyette & Woods cut their price target on shares of Simmons First National from $22.00 to $21.00 and set a “market perform” rating on the stock in a report on Monday, October 20th. Finally, DA Davidson boosted their price target on shares of Simmons First National from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $22.50.

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.