First Trust Advisors LP Sells 41,550 Shares of Simmons First National Corporation $SFNC

First Trust Advisors LP reduced its stake in Simmons First National Corporation (NASDAQ:SFNCFree Report) by 29.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 101,673 shares of the bank’s stock after selling 41,550 shares during the quarter. First Trust Advisors LP owned approximately 0.07% of Simmons First National worth $1,978,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Bessemer Group Inc. grew its holdings in Simmons First National by 156.0% during the first quarter. Bessemer Group Inc. now owns 1,518 shares of the bank’s stock valued at $29,000 after purchasing an additional 925 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Simmons First National by 197.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,663 shares of the bank’s stock worth $32,000 after buying an additional 1,104 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Simmons First National by 35.6% during the 4th quarter. Hantz Financial Services Inc. now owns 1,884 shares of the bank’s stock worth $36,000 after buying an additional 495 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of Simmons First National by 32.0% during the 2nd quarter. Osaic Holdings Inc. now owns 2,658 shares of the bank’s stock worth $50,000 after buying an additional 644 shares during the period. Finally, Systematic Financial Management LP acquired a new position in Simmons First National in the 4th quarter valued at $66,000. Institutional investors own 27.58% of the company’s stock.

Simmons First National Price Performance

NASDAQ:SFNC opened at $23.46 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.93 and a quick ratio of 0.92. Simmons First National Corporation has a one year low of $17.00 and a one year high of $24.32. The company has a fifty day moving average price of $22.65 and a 200 day moving average price of $21.25. The stock has a market cap of $3.40 billion, a P/E ratio of -9.27 and a beta of 0.91.

Simmons First National (NASDAQ:SFNCGet Free Report) last posted its quarterly earnings results on Thursday, July 16th. The bank reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03). Simmons First National had a positive return on equity of 8.32% and a negative net margin of 24.64%.During the same quarter last year, the business earned $0.44 earnings per share. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. Analysts anticipate that Simmons First National Corporation will post 2.05 earnings per share for the current year.

Simmons First National Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 15th were paid a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Monday, June 15th. Simmons First National’s dividend payout ratio (DPR) is presently -33.99%.

Analysts Set New Price Targets

SFNC has been the subject of a number of research analyst reports. DA Davidson reissued a “neutral” rating and set a $23.00 target price on shares of Simmons First National in a research report on Friday, July 17th. National Bank Financial set a $25.00 price target on Simmons First National in a research report on Monday, July 20th. Morgan Stanley reiterated a “positive” rating on shares of Simmons First National in a research note on Monday, June 29th. Keefe, Bruyette & Woods boosted their price objective on Simmons First National from $24.00 to $25.00 and gave the stock a “market perform” rating in a research report on Monday, July 20th. Finally, Stephens increased their target price on Simmons First National from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Simmons First National currently has an average rating of “Moderate Buy” and a consensus target price of $24.50.

Check Out Our Latest Analysis on Simmons First National

Simmons First National Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Simmons First National (NASDAQ:SFNC)

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