Point72 Asia Singapore Pte. Ltd. Acquires Shares of 1,636 Simmons First National Co. (NASDAQ:SFNC)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Simmons First National Co. (NASDAQ:SFNC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,636 shares of the bank’s stock, valued at approximately $36,000.

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SFNC shares. Keefe, Bruyette & Woods lowered their target price 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. Stephens lowered their target price 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. Finally, Piper Sandler raised Simmons First National from an “underweight” rating to a “neutral” rating and upped their target price for the company from $20.00 to $21.00 in a report on Monday, April 21st.

Simmons First National Stock Performance

Shares of SFNC stock opened at $19.90 on Tuesday. Simmons First National Co. has a 12-month low of $16.03 and a 12-month high of $25.95. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 16.45 and a beta of 0.91. The business has a 50 day simple moving average of $19.27 and a 200 day simple moving average of $21.61. 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 (NASDAQ:SFNC) last issued its quarterly earnings data on Wednesday, April 16th. The bank reported $0.26 earnings per share (EPS) 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 business had revenue of $209.58 million during the quarter, compared to the consensus estimate of $209.00 million. During the same period last year, the company earned $0.32 earnings per share. On average, equities research analysts anticipate that Simmons First National Co. will post 1.66 EPS for the current year.

Simmons First National Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a $0.2125 dividend. This represents a $0.85 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend is Friday, June 13th. Simmons First National’s dividend payout ratio (DPR) is 73.28%.

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.