Mendon Capital Advisors Corp grew its stake in Simmons First National Corporation (NASDAQ:SFNC – Free Report) by 10.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 275,000 shares of the bank’s stock after purchasing an additional 25,000 shares during the period. Simmons First National makes up about 1.6% of Mendon Capital Advisors Corp’s portfolio, making the stock its 23rd biggest position. Mendon Capital Advisors Corp’s holdings in Simmons First National were worth $5,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Hantz Financial Services Inc. increased its position 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 valued at $36,000 after purchasing an additional 495 shares during the last quarter. NewEdge Advisors LLC lifted its position in Simmons First National by 2.7% in the fourth quarter. NewEdge Advisors LLC now owns 19,079 shares of the bank’s stock worth $360,000 after buying an additional 495 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in Simmons First National by 1.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 33,075 shares of the bank’s stock worth $623,000 after buying an additional 500 shares during the last quarter. Natixis Advisors LLC boosted its stake in Simmons First National by 2.5% during the fourth quarter. Natixis Advisors LLC now owns 21,065 shares of the bank’s stock worth $397,000 after buying an additional 513 shares during the period. Finally, Osaic Holdings Inc. boosted its stake in Simmons First National by 32.0% during the second 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. Hedge funds and other institutional investors own 27.58% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on SFNC. National Bank Financial set a $25.00 price objective on shares of Simmons First National in a research report on Monday, July 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Simmons First National in a report on Tuesday, July 21st. Morgan Stanley reaffirmed a “positive” rating on shares of Simmons First National in a research note on Monday, June 29th. Raymond James Financial reiterated an “outperform” rating and set a $25.00 price target on shares of Simmons First National in a report on Friday, July 17th. Finally, Stephens increased their price objective on shares of Simmons First National from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $24.50.
Simmons First National Stock Performance
Shares of Simmons First National stock opened at $23.18 on Monday. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.36. The stock’s fifty day moving average is $22.19 and its two-hundred day moving average is $20.95. Simmons First National Corporation has a 52 week low of $17.00 and a 52 week high of $23.91. The company has a market capitalization of $3.36 billion, a PE ratio of -9.16 and a beta of 0.90.
Simmons First National (NASDAQ:SFNC – Get Free Report) last released its earnings results on Thursday, July 16th. The bank reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.03). The business had revenue of $248.57 million for the quarter, compared to the consensus estimate of $250.98 million. Simmons First National had a positive return on equity of 8.32% and a negative net margin of 24.64%.The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.44 earnings per share. As a group, analysts expect that Simmons First National Corporation will post 2.05 earnings per share for the current year.
Simmons First National Announces Dividend
The business also recently declared 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 yield of 3.7%. The ex-dividend date of this dividend was Monday, June 15th. Simmons First National’s dividend payout ratio (DPR) is currently -33.99%.
About Simmons First National
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.
Featured Stories
- Five stocks we like better than Simmons First National
- RTX and Lockheed Earnings: Can Strong Guidance Reset the Defense Trade?
- These 4 Earnings Reports Expose the Market’s Growing Economic Divide
- Broadcom May Be the Biggest Winner From Alphabet’s Earnings
- Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit
Want to see what other hedge funds are holding SFNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Simmons First National Corporation (NASDAQ:SFNC – Free Report).
Receive News & Ratings for Simmons First National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simmons First National and related companies with MarketBeat.com's FREE daily email newsletter.
