Illinois Municipal Retirement Fund Has $1.42 Million Holdings in Simmons First National Corporation (NASDAQ:SFNC)

Illinois Municipal Retirement Fund increased its holdings in shares of Simmons First National Corporation (NASDAQ:SFNC) by 2.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 69,229 shares of the bank’s stock after purchasing an additional 1,926 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Simmons First National were worth $1,421,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new stake in Simmons First National in the 4th quarter valued at $29,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Simmons First National in the 4th quarter valued at about $36,000. Quarry LP acquired a new stake in shares of Simmons First National in the fourth quarter valued at about $47,000. Smartleaf Asset Management LLC raised its holdings in Simmons First National by 168.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,144 shares of the bank’s stock worth $48,000 after acquiring an additional 1,345 shares in the last quarter. Finally, Sterling Capital Management LLC raised its holdings in Simmons First National by 813.8% during the fourth quarter. Sterling Capital Management LLC now owns 3,911 shares of the bank’s stock worth $87,000 after acquiring an additional 3,483 shares in the last quarter. Institutional investors and hedge funds own 27.58% of the company’s stock.

Analysts Set New Price Targets

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

Simmons First National Price Performance

NASDAQ:SFNC opened at $18.96 on Tuesday. Simmons First National Corporation has a 12-month low of $17.01 and a 12-month high of $25.95. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 16.34 and a beta of 0.93. The stock’s 50 day moving average price is $18.93 and its two-hundred day moving average price is $20.43. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.35.

Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings results on Wednesday, April 16th. The bank reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.10). Simmons First National had a net margin of 10.10% and a return on equity of 4.86%. The business had revenue of $209.58 million during the quarter, compared to the consensus estimate of $209.00 million. During the same quarter last year, the company posted $0.32 EPS. On average, analysts anticipate that Simmons First National Corporation will post 1.66 earnings per share for the current year.

Simmons First National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be given a $0.2125 dividend. This represents a $0.85 annualized dividend and a dividend yield of 4.48%. The ex-dividend date is Friday, June 13th. Simmons First National’s payout ratio is presently 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.