Simmons First National Corporation $SFNC Shares Acquired by NewEdge Advisors LLC

NewEdge Advisors LLC grew its holdings in shares of Simmons First National Corporation (NASDAQ:SFNC) by 137.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,329 shares of the bank’s stock after purchasing an additional 26,250 shares during the period. NewEdge Advisors LLC’s holdings in Simmons First National were worth $882,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SFNC. Bessemer Group Inc. increased its position in Simmons First National by 156.0% during the 1st quarter. Bessemer Group Inc. now owns 1,518 shares of the bank’s stock valued at $29,000 after buying an additional 925 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Simmons First National by 197.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,663 shares of the bank’s stock worth $32,000 after acquiring an additional 1,104 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of Simmons First National by 35.6% during the fourth quarter. Hantz Financial Services Inc. now owns 1,884 shares of the bank’s stock worth $36,000 after acquiring an additional 495 shares during the last quarter. Osaic Holdings Inc. increased its holdings in shares of Simmons First National by 32.0% during the second quarter. Osaic Holdings Inc. now owns 2,658 shares of the bank’s stock valued at $50,000 after acquiring an additional 644 shares in the last quarter. Finally, Systematic Financial Management LP purchased a new position in shares of Simmons First National in the 4th quarter valued at approximately $66,000. Institutional investors and hedge funds own 27.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on SFNC shares. Morgan Stanley reissued a “positive” rating on shares of Simmons First National in a research report on Monday, June 29th. Keefe, Bruyette & Woods raised their price target on shares of Simmons First National from $24.00 to $25.00 and gave the stock a “market perform” rating in a report on Monday, July 20th. Raymond James Financial reiterated an “outperform” rating and set a $25.00 price objective on shares of Simmons First National in a research note on Friday, July 17th. Stephens boosted their price objective on shares of Simmons First National from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, April 20th. Finally, National Bank Financial set a $25.00 target price on Simmons First National in a research report on Monday, July 20th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.50.

Simmons First National Stock Performance

SFNC opened at $23.59 on Monday. Simmons First National Corporation has a 12-month low of $17.00 and a 12-month high of $23.91. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $3.42 billion, a PE ratio of -9.32 and a beta of 0.91. The firm has a 50 day moving average of $22.42 and a two-hundred day moving average of $21.10.

Simmons First National (NASDAQ:SFNC) last released its quarterly earnings data on Thursday, July 16th. The bank reported $0.50 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.03). The business had revenue of $248.57 million during the quarter, compared to analysts’ expectations of $250.98 million. Simmons First National had a negative net margin of 24.64% and a positive return on equity of 8.32%. The firm’s revenue was up 16.1% on a year-over-year basis. During the same period last year, the company earned $0.44 earnings per share. On average, analysts anticipate that Simmons First National Corporation will post 2.05 EPS for the current year.

Simmons First National Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were issued a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, June 15th. Simmons First National’s dividend payout ratio is presently -33.99%.

Simmons First National Company Profile

Simmons First National Corporation (NASDAQ:SFNC) is a bank holding company headquartered in Pine Bluff, Arkansas. Through its primary operating subsidiary, Simmons Bank, the company maintains a network of more than 200 branches across Arkansas, Tennessee, Missouri, Mississippi, Texas, Oklahoma and North Carolina. Simmons First National offers a full suite of financial services to individuals, small businesses and commercial clients, emphasizing relationship-driven community banking.

The company’s core business activities span deposit-taking, lending and payment services.