Citigroup Inc. Has $4.63 Million Holdings in Simmons First National Co. (NASDAQ:SFNC)

Citigroup Inc. lifted its stake in shares of Simmons First National Co. (NASDAQ:SFNC) by 20.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 214,944 shares of the bank’s stock after buying an additional 36,024 shares during the quarter. Citigroup Inc. owned about 0.17% of Simmons First National worth $4,630,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in SFNC. Versant Capital Management Inc grew its holdings in Simmons First National by 161.0% during the second quarter. Versant Capital Management Inc now owns 1,843 shares of the bank’s stock worth $32,000 after buying an additional 1,137 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its stake in Simmons First National by 2,045.5% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 1,888 shares of the bank’s stock worth $33,000 after purchasing an additional 1,800 shares during the period. Covestor Ltd lifted its stake in Simmons First National by 13.7% in the 3rd quarter. Covestor Ltd now owns 4,129 shares of the bank’s stock worth $89,000 after purchasing an additional 497 shares in the last quarter. KBC Group NV boosted its position in shares of Simmons First National by 29.0% during the 3rd quarter. KBC Group NV now owns 4,648 shares of the bank’s stock valued at $100,000 after acquiring an additional 1,045 shares during the last quarter. Finally, Profund Advisors LLC bought a new position in Simmons First National in the second quarter valued at $183,000. 27.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Simmons First National

In related news, CAO David W. Garner sold 5,090 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was 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 in the company, valued at $1,640,391.50. This represents a 7.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman George Makris, Jr. sold 25,440 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $25.21, for a total value of $641,342.40. Following the transaction, the chairman now directly owns 608,347 shares of the company’s stock, valued at approximately $15,336,427.87. This trade represents a 4.01 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,800 shares of company stock valued at $1,136,650. 1.91% of the stock is currently owned by corporate insiders.

Simmons First National Price Performance

SFNC opened at $24.50 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market capitalization of $3.08 billion, a PE ratio of 24.02 and a beta of 0.86. The stock’s 50 day moving average price is $23.26 and its 200-day moving average price is $20.58. Simmons First National Co. has a 52-week low of $16.03 and a 52-week high of $25.95.

Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings data on Friday, October 18th. The bank reported $0.37 EPS for the quarter, topping the consensus estimate of $0.33 by $0.04. Simmons First National had a net margin of 8.94% and a return on equity of 5.15%. The business had revenue of $203.20 million during the quarter, compared to analyst estimates of $204.91 million. During the same period in the prior year, the business earned $0.39 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, equities research analysts predict that Simmons First National Co. will post 1.33 EPS 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 issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.84 annualized dividend and a yield of 3.43%. Simmons First National’s dividend payout ratio (DPR) is presently 82.35%.

Wall Street Analyst Weigh In

SFNC has been the subject of several recent research reports. Stephens raised shares of Simmons First National from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $27.00 to $28.00 in a research note on Monday, October 21st. StockNews.com raised shares of 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 assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Simmons First National currently has an average rating of “Hold” and an average target price of $23.00.

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.