Hsbc Holdings PLC Sells 10,534 Shares of Simmons First National Co. (NASDAQ:SFNC)

Hsbc Holdings PLC decreased its holdings in shares of Simmons First National Co. (NASDAQ:SFNC) by 40.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,419 shares of the bank’s stock after selling 10,534 shares during the period. Hsbc Holdings PLC’s holdings in Simmons First National were worth $344,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Simmons First National by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 14,866,647 shares of the bank’s stock worth $329,742,000 after buying an additional 630,376 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Simmons First National by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,616,599 shares of the bank’s stock valued at $168,938,000 after purchasing an additional 51,468 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Simmons First National by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,895,477 shares of the bank’s stock valued at $42,042,000 after buying an additional 29,335 shares during the last quarter. Norges Bank bought a new stake in Simmons First National in the 4th quarter worth about $27,095,000. Finally, JPMorgan Chase & Co. raised its position in Simmons First National by 49.6% in the 4th quarter. JPMorgan Chase & Co. now owns 1,011,431 shares of the bank’s stock worth $22,434,000 after buying an additional 335,260 shares during the last quarter. 27.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SFNC has been the topic of a number of recent research reports. Stephens lowered their target price on Simmons First National from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. Piper Sandler raised Simmons First National from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $20.00 to $21.00 in a research note on Monday, April 21st. Finally, Keefe, Bruyette & Woods cut their price objective on Simmons First National from $23.00 to $21.00 and set a “market perform” rating for the company in a research note on Monday, April 21st.

Simmons First National Stock Up 1.9 %

SFNC opened at $19.40 on Friday. The company has a market capitalization of $2.44 billion, a PE ratio of 16.03 and a beta of 0.91. The firm has a 50-day simple moving average of $19.34 and a two-hundred day simple moving average of $21.80. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.32. Simmons First National Co. has a 52 week low of $16.03 and a 52 week high of $25.95.

Simmons First National (NASDAQ:SFNC) last announced its quarterly earnings results on Wednesday, April 16th. The bank reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.10). The firm had revenue of $209.58 million for the quarter, compared to the consensus estimate of $209.00 million. Simmons First National had a net margin of 10.46% and a return on equity of 5.10%. During the same period in the previous year, the company posted $0.32 earnings per share. Analysts forecast that Simmons First National Co. will post 1.66 earnings per share for the current fiscal year.

Simmons First National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a dividend of $0.2125 per share. This represents a $0.85 dividend on an annualized basis and a yield of 4.38%. Simmons First National’s payout ratio is 73.28%.

Simmons First National Profile

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.