Fisher Asset Management LLC Buys 2,415 Shares of Simmons First National Co. (NASDAQ:SFNC)

Fisher Asset Management LLC grew its stake in Simmons First National Co. (NASDAQ:SFNC) by 0.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 532,415 shares of the bank’s stock after acquiring an additional 2,415 shares during the quarter. Fisher Asset Management LLC owned 0.42% of Simmons First National worth $10,563,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its holdings in Simmons First National by 54.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 992,678 shares of the bank’s stock worth $19,695,000 after acquiring an additional 349,534 shares in the last quarter. Rafferty Asset Management LLC lifted its holdings in shares of Simmons First National by 68.4% during the fourth quarter. Rafferty Asset Management LLC now owns 134,522 shares of the bank’s stock valued at $2,669,000 after purchasing an additional 54,631 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of Simmons First National during the fourth quarter valued at $875,000. TFO Wealth Partners LLC lifted its holdings in shares of Simmons First National by 250,150.0% during the fourth quarter. TFO Wealth Partners LLC now owns 10,010 shares of the bank’s stock valued at $199,000 after purchasing an additional 10,006 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new position in shares of Simmons First National during the fourth quarter valued at $733,000. 27.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

SFNC has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lowered their price target on Simmons First National from $21.00 to $20.00 and set a “market perform” rating on the stock in a report on Thursday, April 25th. Stephens lowered their price target on Simmons First National from $22.00 to $21.00 and set an “equal weight” rating on the stock in a report on Thursday, April 25th. Finally, StockNews.com upgraded Simmons First National from a “sell” rating to a “hold” rating in a research report on Monday, June 3rd. Four analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $21.00.

Simmons First National Stock Up 0.6 %

Simmons First National stock opened at $16.51 on Thursday. The stock has a market cap of $2.07 billion, a PE ratio of 12.41 and a beta of 0.88. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.77 and a current ratio of 0.77. Simmons First National Co. has a one year low of $13.36 and a one year high of $20.82. The stock has a fifty day moving average of $17.53 and a 200 day moving average of $18.45.

Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings results on Wednesday, April 24th. The bank reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates of $0.32. The business had revenue of $195.10 million during the quarter, compared to analysts’ expectations of $202.35 million. Simmons First National had a return on equity of 5.94% and a net margin of 11.97%. The business’s quarterly revenue was down 12.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.37 earnings per share. As a group, sell-side analysts predict that Simmons First National Co. will post 1.31 EPS for the current year.

Simmons First National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date is Friday, June 14th. Simmons First National’s payout ratio is 63.16%.

Insiders Place Their Bets

In other Simmons First National news, EVP George A. Makris III sold 15,625 shares of the company’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $17.23, for a total value of $269,218.75. Following the completion of the sale, the executive vice president now owns 39,707 shares in the company, valued at $684,151.61. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.91% of the company’s stock.

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.