Inspire Investing LLC Has $351,000 Holdings in Simmons First National Co. (NASDAQ:SFNC)

Inspire Investing LLC grew its position in Simmons First National Co. (NASDAQ:SFNC) by 8.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,982 shares of the bank’s stock after purchasing an additional 1,541 shares during the quarter. Inspire Investing LLC’s holdings in Simmons First National were worth $351,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SFNC. Versant Capital Management Inc grew its position in shares of Simmons First National by 161.0% in the second quarter. Versant Capital Management Inc now owns 1,843 shares of the bank’s stock valued at $32,000 after purchasing an additional 1,137 shares during the last quarter. Farmers & Merchants Investments Inc. grew its position in shares of Simmons First National by 2,045.5% in the second quarter. Farmers & Merchants Investments Inc. now owns 1,888 shares of the bank’s stock valued at $33,000 after purchasing an additional 1,800 shares during the last quarter. TFO Wealth Partners LLC grew its position in shares of Simmons First National by 250,150.0% in 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 during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Simmons First National in the first quarter valued at approximately $227,000. Finally, Everence Capital Management Inc. acquired a new position in shares of Simmons First National in the first quarter valued at approximately $252,000. Institutional investors and hedge funds own 27.58% of the company’s stock.

Insider Activity

In other news, Chairman George Makris, Jr. sold 21,420 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $21.58, for a total value of $462,243.60. Following the completion of the sale, the chairman now directly owns 608,347 shares in the company, valued at approximately $13,128,128.26. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Robert A. Fehlman sold 8,680 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $21.93, for a total value of $190,352.40. Following the completion of the sale, the chief executive officer now directly owns 156,357 shares in the company, valued at approximately $3,428,909.01. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman George Makris, Jr. sold 21,420 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $21.58, for a total value of $462,243.60. Following the completion of the sale, the chairman now owns 608,347 shares of the company’s stock, valued at $13,128,128.26. The disclosure for this sale can be found here. Insiders sold a total of 33,700 shares of company stock worth $728,952 in the last three months. Company insiders own 1.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on SFNC shares. StockNews.com downgraded Simmons First National from a “hold” rating to a “sell” rating in a research report on Monday, September 2nd. Stephens increased their price target on Simmons First National from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. Keefe, Bruyette & Woods increased their price target on Simmons First National from $20.00 to $22.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Finally, Piper Sandler increased their price target on Simmons First National from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Friday, July 26th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat.com, Simmons First National currently has a consensus rating of “Hold” and an average price target of $21.75.

Simmons First National Stock Performance

Shares of Simmons First National stock opened at $21.56 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average price of $20.68 and a two-hundred day moving average price of $18.87. Simmons First National Co. has a 1-year low of $13.36 and a 1-year high of $22.45. The company has a market cap of $2.71 billion, a P/E ratio of 16.21 and a beta of 0.87.

Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings results on Wednesday, July 24th. The bank reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. Simmons First National had a return on equity of 5.33% and a net margin of 10.49%. The firm had revenue of $372.44 million during the quarter, compared to the consensus estimate of $197.30 million. During the same period last year, the business posted $0.48 EPS. As a group, analysts anticipate that Simmons First National Co. will post 1.32 EPS for the current year.

Simmons First National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be paid a $0.21 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.84 annualized dividend and a dividend yield of 3.90%. Simmons First National’s dividend payout ratio is presently 63.16%.

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.