NewEdge Advisors LLC lifted its holdings in Simmons First National Corporation (NASDAQ:SFNC – Free Report) by 137.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,329 shares of the bank’s stock after purchasing an additional 26,250 shares during the quarter. NewEdge Advisors LLC’s holdings in Simmons First National were worth $882,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of SFNC. Royal Bank of Canada boosted its holdings in Simmons First National by 27.2% during the 1st quarter. Royal Bank of Canada now owns 88,632 shares of the bank’s stock valued at $1,820,000 after acquiring an additional 18,933 shares during the period. AQR Capital Management LLC lifted its position in shares of Simmons First National by 271.3% during the first quarter. AQR Capital Management LLC now owns 158,856 shares of the bank’s stock worth $3,261,000 after purchasing an additional 116,072 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Simmons First National by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,861 shares of the bank’s stock worth $1,516,000 after purchasing an additional 3,221 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Simmons First National by 1,288.2% during the first quarter. Jones Financial Companies Lllp now owns 18,046 shares of the bank’s stock valued at $411,000 after purchasing an additional 16,746 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Simmons First National by 9.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 257,036 shares of the bank’s stock valued at $5,277,000 after purchasing an additional 21,889 shares during the period. Hedge funds and other institutional investors own 27.58% of the company’s stock.
Simmons First National Price Performance
Shares of Simmons First National stock opened at $23.59 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.93 and a quick ratio of 0.92. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of -9.32 and a beta of 0.91. The firm’s 50-day moving average is $22.42 and its two-hundred day moving average is $21.10. Simmons First National Corporation has a 1 year low of $17.00 and a 1 year high of $23.91.
Simmons First National Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 15th were given a dividend of $0.215 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.86 dividend on an annualized basis and a yield of 3.6%. Simmons First National’s dividend payout ratio (DPR) is presently -33.99%.
Analyst Ratings Changes
Several research analysts recently commented on the stock. Raymond James Financial reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Simmons First National in a research note on Friday, July 17th. Stephens upped their target price on shares of Simmons First National from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday, April 20th. National Bank Financial set a $25.00 target price on shares of Simmons First National in a research report on Monday, July 20th. Keefe, Bruyette & Woods boosted their price target on Simmons First National from $24.00 to $25.00 and gave the company a “market perform” rating in a report on Monday, July 20th. Finally, DA Davidson reissued a “neutral” rating and issued a $23.00 price objective on shares of Simmons First National in a research note on Friday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Simmons First National has a consensus rating of “Moderate Buy” and an average price target of $24.50.
Get Our Latest Research Report on Simmons First National
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.
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