Simmons First National Co. (NASDAQ:SFNC) Shares Bought by Summit Financial Wealth Advisors LLC

Summit Financial Wealth Advisors LLC lifted its stake in Simmons First National Co. (NASDAQ:SFNCFree Report) by 15.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,590 shares of the bank’s stock after acquiring an additional 1,590 shares during the period. Summit Financial Wealth Advisors LLC’s holdings in Simmons First National were worth $230,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Briaud Financial Planning Inc acquired a new stake in shares of Simmons First National in the 3rd quarter worth approximately $81,000. Quantbot Technologies LP acquired a new stake in Simmons First National during the second quarter valued at approximately $153,000. Ameritas Investment Partners Inc. lifted its stake in Simmons First National by 11.2% during the second quarter. Ameritas Investment Partners Inc. now owns 10,435 shares of the bank’s stock valued at $180,000 after purchasing an additional 1,049 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Simmons First National by 55.7% during the second quarter. PNC Financial Services Group Inc. now owns 10,510 shares of the bank’s stock valued at $181,000 after purchasing an additional 3,759 shares during the last quarter. Finally, Courier Capital LLC acquired a new stake in Simmons First National during the third quarter valued at approximately $205,000. 27.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Robert W. Baird increased their target price on shares of Simmons First National from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, January 25th. StockNews.com lowered shares of Simmons First National from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd.

View Our Latest Stock Analysis on SFNC

Simmons First National Stock Up 0.6 %

Shares of NASDAQ:SFNC opened at $19.46 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market cap of $2.44 billion, a PE ratio of 14.10 and a beta of 0.87. Simmons First National Co. has a 52 week low of $13.36 and a 52 week high of $20.82. The firm has a 50 day simple moving average of $18.95 and a 200 day simple moving average of $17.77.

Simmons First National (NASDAQ:SFNCGet Free Report) last issued its quarterly earnings results on Wednesday, January 24th. The bank reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. The business had revenue of $197.80 million during the quarter, compared to the consensus estimate of $204.25 million. Simmons First National had a net margin of 12.82% and a return on equity of 6.19%. The firm’s quarterly revenue was down 15.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.64 EPS. As a group, research analysts expect that Simmons First National Co. will post 1.42 earnings per share for the current year.

Simmons First National Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend is Thursday, March 14th. This is a positive change from Simmons First National’s previous quarterly dividend of $0.20. Simmons First National’s dividend payout ratio is currently 60.87%.

About Simmons First National

(Free Report)

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.

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

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