Simmons First National Corporation $SFNC Stock Bought by ProShare Advisors LLC

ProShare Advisors LLC boosted its position in shares of Simmons First National Corporation (NASDAQ:SFNC – Free Report) by 38.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 445,896 shares of the bank’s stock after acquiring an additional 124,531 shares during the period. ProShare Advisors LLC’s holdings in Simmons First National were worth $10,068,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of SFNC. Waverly Advisors LLC grew its holdings in Simmons First National by 0.7% in the second quarter. Waverly Advisors LLC now owns 67,014 shares of the bank’s stock worth $1,518,000 after purchasing an additional 477 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Simmons First National by 11.3% during the third quarter. Nisa Investment Advisors LLC now owns 5,116 shares of the bank’s stock worth $117,000 after purchasing an additional 521 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Simmons First National by 31.9% during the first quarter. EverSource Wealth Advisors LLC now owns 2,339 shares of the bank’s stock worth $45,000 after purchasing an additional 566 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Simmons First National by 1.4% during the 2nd quarter. NewEdge Advisors LLC now owns 45,966 shares of the bank’s stock valued at $1,041,000 after purchasing an additional 637 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Simmons First National by 6.2% during the 2nd quarter. GAMMA Investing LLC now owns 15,392 shares of the bank’s stock valued at $349,000 after purchasing an additional 892 shares during the last quarter. 27.58% of the stock is currently owned by institutional investors and hedge funds.

Simmons First National Stock Down 1.3%

Simmons First National stock opened at $23.51 on Wednesday. The business’s 50-day simple moving average is $22.83 and its two-hundred day simple moving average is $21.76. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $3.40 billion, a PE ratio of 11.62 and a beta of 0.94. Simmons First National Corporation has a fifty-two week low of $17.17 and a fifty-two week high of $24.32.

Simmons First National (NASDAQ:SFNC – Get Free Report) last announced its quarterly earnings data on Thursday, October 15th. The bank reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.01. Simmons First National had a return on equity of 8.73% and a net margin of 18.38%. The firm had revenue of $251.17 million during the quarter, compared to analysts’ expectations of $254.03 million. During the same period last year, the business posted $0.46 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. Equities analysts anticipate that Simmons First National Corporation will post 2.08 EPS for the current year.

Simmons First National Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 15th were issued a $0.2150 dividend. This represents a $0.86 annualized dividend and a yield of 3.7%. The ex-dividend date was Tuesday, September 15th. Simmons First National’s dividend payout ratio is 48.04%.

Analyst Upgrades and Downgrades

SFNC has been the subject of a number of recent analyst reports. Morgan Stanley raised their price objective on Simmons First National from $26.00 to $27.00 and gave the stock an “underweight” rating in a research report on Monday, October 19th. Robert W. Baird set a $25.00 target price on Simmons First National in a research report on Monday, October 19th. National Bank Financial set a $26.00 target price on Simmons First National in a research report on Friday, September 4th. Keefe, Bruyette & Woods decreased their price target on Simmons First National from $26.00 to $25.00 and set an “outperform” rating for the company in a research note on Monday, October 19th. Finally, DA Davidson raised their price target on Simmons First National from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, October 19th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $25.69.

Read Our Latest Analysis on Simmons First National

Simmons First National Company Profile

(Free Report)

Simmons First National Corporation is a financial holding company headquartered in Pine Bluff, Arkansas. Its principal subsidiary, Simmons Bank, provides banking and financial services to individuals, families, businesses and institutions.

The bank offers deposit accounts, consumer and commercial lending, residential and commercial real estate financing, treasury and cash-management services, credit cards, and online and mobile banking. It also provides wealth management, trust, investment and insurance services through specialized business lines.

Founded in 1903, Simmons has expanded from its Arkansas roots into a regional banking franchise serving customers through branches and financial centers across Arkansas, Colorado, Kansas, Missouri, Oklahoma, Tennessee and Texas.

See Also

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

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