Peregrine Capital Management LLC Has $5.12 Million Stock Holdings in Simmons First National Corporation $SFNC

Peregrine Capital Management LLC boosted its stake in Simmons First National Corporation (NASDAQ:SFNC) by 4.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 269,958 shares of the bank’s stock after purchasing an additional 10,441 shares during the quarter. Peregrine Capital Management LLC owned about 0.19% of Simmons First National worth $5,118,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. 1900 Wealth Management LLC grew its holdings in Simmons First National by 1.1% in the second quarter. 1900 Wealth Management LLC now owns 47,560 shares of the bank’s stock worth $902,000 after purchasing an additional 497 shares during the period. Mustard Seed Financial LLC grew its holdings in Simmons First National by 1.9% in the first quarter. Mustard Seed Financial LLC now owns 34,402 shares of the bank’s stock worth $706,000 after purchasing an additional 656 shares during the period. Cerity Partners LLC grew its holdings in Simmons First National by 5.5% in the first quarter. Cerity Partners LLC now owns 16,058 shares of the bank’s stock worth $330,000 after purchasing an additional 836 shares during the period. GAMMA Investing LLC grew its holdings in Simmons First National by 35.2% in the second quarter. GAMMA Investing LLC now owns 3,426 shares of the bank’s stock worth $65,000 after purchasing an additional 892 shares during the period. Finally, OneDigital Investment Advisors LLC grew its holdings in Simmons First National by 1.6% in the first quarter. OneDigital Investment Advisors LLC now owns 62,588 shares of the bank’s stock worth $1,285,000 after purchasing an additional 966 shares during the period. 27.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. National Bankshares set a $22.00 price target on shares of Simmons First National in a report on Tuesday. DA Davidson raised 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. Keefe, Bruyette & Woods reduced their price objective on shares of Simmons First National from $22.00 to $21.00 and set a “market perform” rating for the company in a report on Monday, October 20th. Wall Street Zen upgraded shares of Simmons First National from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Simmons First National in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $22.40.

Simmons First National Stock Up 0.7%

SFNC opened at $18.03 on Wednesday. Simmons First National Corporation has a fifty-two week low of $17.20 and a fifty-two week high of $25.95. The firm has a market capitalization of $2.61 billion, a P/E ratio of -6.15 and a beta of 0.94. The company’s 50-day moving average is $19.64 and its 200 day moving average is $19.32. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.88 and a quick ratio of 0.88.

Simmons First National (NASDAQ:SFNC) last released 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 positive return on equity of 5.84% and a negative net margin of 29.70%.The firm had revenue of $232.54 million for the quarter, compared to analysts’ expectations of $103.26 million. During the same quarter last year, the firm posted $0.37 earnings per share. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. Research analysts expect that Simmons First National Corporation will post 1.66 earnings per share for the current fiscal year.

Simmons First National Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were issued a dividend of $0.2125 per share. The ex-dividend date was Monday, September 15th. This represents a $0.85 annualized dividend and a yield of 4.7%. Simmons First National’s payout ratio is -29.01%.

Insider Activity

In other news, Director Russell William Teubner purchased 9,200 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The shares were acquired 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 owned 53,220 shares in the company, valued at $990,956.40. This trade represents a 20.90% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David W. Garner purchased 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were purchased at an average price of $17.66 per share, for a total transaction of $52,980.00. Following the completion of the acquisition, the executive vice president owned 72,345 shares of the company’s stock, valued at $1,277,612.70. The trade was a 4.33% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 14,200 shares of company stock worth $261,544. 1.91% of the stock is owned by corporate insiders.

Simmons First National Profile

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.