Corient Private Wealth LLC Has $300,000 Holdings in Simmons First National Co. (NASDAQ:SFNC)

Corient Private Wealth LLC boosted its position in shares of Simmons First National Co. (NASDAQ:SFNC) by 30.5% in the fourth quarter, Holdings Channel reports. The fund owned 13,496 shares of the bank’s stock after acquiring an additional 3,157 shares during the period. Corient Private Wealth LLC’s holdings in Simmons First National were worth $300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SFNC. FMR LLC grew its stake in shares of Simmons First National by 5.5% in the third quarter. FMR LLC now owns 7,778 shares of the bank’s stock worth $168,000 after acquiring an additional 403 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Simmons First National by 6.3% in the 4th quarter. CIBC Asset Management Inc now owns 12,581 shares of the bank’s stock valued at $279,000 after purchasing an additional 751 shares during the period. HighTower Advisors LLC increased its holdings in shares of Simmons First National by 4.3% during the 4th quarter. HighTower Advisors LLC now owns 19,600 shares of the bank’s stock worth $435,000 after purchasing an additional 812 shares during the period. Jag Capital Management LLC increased its holdings in shares of Simmons First National by 1.0% during the 4th quarter. Jag Capital Management LLC now owns 120,421 shares of the bank’s stock worth $2,671,000 after purchasing an additional 1,185 shares during the period. Finally, Jones Financial Companies Lllp acquired a new position in shares of Simmons First National during the fourth quarter valued at about $29,000. 27.58% of the stock is currently owned by institutional investors.

Simmons First National Trading Up 0.3 %

Shares of SFNC stock opened at $20.53 on Tuesday. The firm has a fifty day moving average of $21.67 and a 200-day moving average of $22.48. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 16.97 and a beta of 0.84. Simmons First National Co. has a 52-week low of $16.03 and a 52-week high of $25.95. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.79 and a current ratio of 0.79.

Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings results on Tuesday, January 21st. The bank reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. Simmons First National had a net margin of 10.46% and a return on equity of 5.10%. The firm had revenue of $208.50 million during the quarter, compared to analyst estimates of $208.67 million. During the same quarter in the prior year, the business posted $0.40 earnings per share. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. On average, equities research analysts forecast that Simmons First National Co. will post 1.66 earnings per share for the current fiscal year.

Simmons First National Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a $0.2125 dividend. This represents a $0.85 dividend on an annualized basis and a yield of 4.14%. This is a boost from Simmons First National’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Friday, March 14th. Simmons First National’s dividend payout ratio is 70.25%.

Wall Street Analysts Forecast Growth

Separately, Stephens lowered their price target on Simmons First National from $29.00 to $28.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd.

About Simmons First National

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.