International Assets Investment Management LLC Has $322,000 Stock Holdings in Simmons First National Co. (NASDAQ:SFNC)

International Assets Investment Management LLC raised its stake in Simmons First National Co. (NASDAQ:SFNC) by 2,078.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,946 shares of the bank’s stock after buying an additional 14,260 shares during the quarter. International Assets Investment Management LLC’s holdings in Simmons First National were worth $322,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its stake in Simmons First National by 3,808.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 95,839 shares of the bank’s stock valued at $1,865,000 after buying an additional 93,387 shares during the period. Sei Investments Co. increased its stake in shares of Simmons First National by 17.1% during the 1st quarter. Sei Investments Co. now owns 173,229 shares of the bank’s stock worth $3,371,000 after purchasing an additional 25,316 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Simmons First National by 90.0% during the 1st quarter. BNP Paribas Financial Markets now owns 66,037 shares of the bank’s stock worth $1,285,000 after purchasing an additional 31,284 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Simmons First National by 50.8% during the 1st quarter. Empowered Funds LLC now owns 188,822 shares of the bank’s stock worth $3,674,000 after purchasing an additional 63,589 shares during the last quarter. Finally, Waverly Advisors LLC acquired a new position in shares of Simmons First National during the 1st quarter worth $1,254,000. Institutional investors and hedge funds own 27.58% of the company’s stock.

Simmons First National Price Performance

NASDAQ SFNC opened at $25.53 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.40. The company has a fifty day simple moving average of $21.98 and a 200 day simple moving average of $19.72. The company has a market cap of $3.21 billion, a P/E ratio of 25.03 and a beta of 0.86. Simmons First National Co. has a 1 year low of $14.59 and a 1 year high of $25.95.

Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings data on Friday, October 18th. The bank reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.04. The business had revenue of $203.20 million during the quarter, compared to the consensus estimate of $204.91 million. Simmons First National had a net margin of 8.94% and a return on equity of 5.15%. Simmons First National’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 EPS. On average, sell-side analysts predict that Simmons First National Co. will post 1.33 EPS for the current year.

Insider Buying and Selling at Simmons First National

In other Simmons First National news, CAO David W. Garner sold 3,600 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $21.21, for a total value of $76,356.00. Following the completion of the sale, the chief accounting officer now directly owns 64,966 shares of the company’s stock, valued at $1,377,928.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Stephens upgraded shares of Simmons First National from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $27.00 to $28.00 in a research note on Monday, October 21st. Keefe, Bruyette & Woods increased their price target on shares of Simmons First National from $20.00 to $22.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. StockNews.com upgraded shares of Simmons First National from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Finally, Piper Sandler increased their price target on shares of Simmons First National from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $23.00.

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.