Simmons First National Co. (NASDAQ:SFNC) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its stake in shares of Simmons First National Co. (NASDAQ:SFNC) by 8.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,884 shares of the bank’s stock after selling 1,741 shares during the period. Mutual of America Capital Management LLC’s holdings in Simmons First National were worth $407,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its stake in shares of Simmons First National by 3,808.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 95,839 shares of the bank’s stock worth $1,865,000 after buying an additional 93,387 shares during the last quarter. Quest Partners LLC raised its position in shares of Simmons First National by 113,111.0% during the 2nd quarter. Quest Partners LLC now owns 82,644 shares of the bank’s stock worth $1,453,000 after purchasing an additional 82,571 shares during the last quarter. Dark Forest Capital Management LP purchased a new stake in Simmons First National in the 2nd quarter valued at approximately $479,000. Dimensional Fund Advisors LP grew its holdings in Simmons First National by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,323,934 shares of the bank’s stock valued at $128,752,000 after buying an additional 413,459 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Simmons First National by 4.4% during the third quarter. Principal Financial Group Inc. now owns 646,325 shares of the bank’s stock valued at $13,922,000 after acquiring an additional 27,479 shares during the last quarter. 27.58% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Robert A. Fehlman sold 15,270 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $24.02, for a total value of $366,785.40. Following the completion of the transaction, the chief executive officer now owns 156,357 shares of the company’s stock, valued at approximately $3,755,695.14. This represents a 8.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO David W. Garner sold 5,090 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $25.25, for a total value of $128,522.50. Following the sale, the chief accounting officer now owns 64,966 shares of the company’s stock, valued at approximately $1,640,391.50. This trade represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,800 shares of company stock worth $1,136,650 over the last quarter. 1.91% of the stock is owned by corporate insiders.

Simmons First National Stock Down 0.2 %

Shares of SFNC opened at $24.67 on Thursday. Simmons First National Co. has a fifty-two week low of $15.72 and a fifty-two week high of $25.95. The company’s fifty day moving average is $23.09 and its two-hundred day moving average is $20.43. The firm has a market cap of $3.10 billion, a PE ratio of 24.19 and a beta of 0.86. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.40.

Simmons First National (NASDAQ:SFNC) last released its quarterly earnings data on Friday, October 18th. The bank reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. The company had revenue of $203.20 million for the quarter, compared to the consensus estimate of $204.91 million. Simmons First National had a return on equity of 5.15% and a net margin of 8.94%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the business posted $0.39 EPS. Analysts forecast that Simmons First National Co. will post 1.33 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 Thursday, January 2nd. Shareholders of record on Friday, December 13th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.40%. The ex-dividend date is Friday, December 13th. Simmons First National’s dividend payout ratio (DPR) is presently 82.35%.

Analysts Set New Price Targets

A number of brokerages have recently commented on SFNC. Stephens upgraded shares of Simmons First National from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $27.00 to $28.00 in a report on Monday, October 21st. StockNews.com raised Simmons First National from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently 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.