Linden Thomas Advisory Services LLC Sells 716 Shares of Simmons First National Corporation $SFNC

Linden Thomas Advisory Services LLC lowered its holdings in shares of Simmons First National Corporation (NASDAQ:SFNC) by 1.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 71,737 shares of the bank’s stock after selling 716 shares during the period. Linden Thomas Advisory Services LLC owned about 0.05% of Simmons First National worth $1,360,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of Simmons First National by 35.2% during the second quarter. GAMMA Investing LLC now owns 3,426 shares of the bank’s stock valued at $65,000 after acquiring an additional 892 shares during the last quarter. SouthState Corp bought a new position in shares of Simmons First National during the first quarter valued at $71,000. Quarry LP raised its stake in shares of Simmons First National by 92.2% during the first quarter. Quarry LP now owns 4,072 shares of the bank’s stock valued at $84,000 after acquiring an additional 1,953 shares during the last quarter. CWM LLC raised its stake in Simmons First National by 99.0% during the first quarter. CWM LLC now owns 4,625 shares of the bank’s stock worth $95,000 after buying an additional 2,301 shares during the last quarter. Finally, KBC Group NV raised its stake 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 buying an additional 1,140 shares during the last quarter. Institutional investors own 27.58% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Zacks Research downgraded shares of Simmons First National from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Keefe, Bruyette & Woods lowered their target price on shares of Simmons First National from $22.00 to $21.00 and set a “market perform” rating for the company in a research note on Monday, October 20th. Wall Street Zen raised shares of Simmons First National from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. DA Davidson lifted their target price on shares of Simmons First National from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Simmons First National in a research note on Saturday. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $22.50.

Insider Buying and Selling at Simmons First National

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

Simmons First National Trading Up 0.5%

SFNC opened at $17.87 on Friday. Simmons First National Corporation has a 1-year low of $17.20 and a 1-year high of $25.95. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.20. The company has a market cap of $2.59 billion, a P/E ratio of -6.10 and a beta of 0.94. The company has a fifty day moving average price of $19.72 and a two-hundred day moving average price of $19.32.

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

Simmons First National Announces Dividend

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

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.