Simmons First National Co. (NASDAQ:SFNC) Position Raised by Corient Private Wealth LLC

Corient Private Wealth LLC boosted its position in Simmons First National Co. (NASDAQ:SFNC) by 30.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,496 shares of the bank’s stock after purchasing an additional 3,157 shares during the period. Corient Private Wealth LLC’s holdings in Simmons First National were worth $300,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in Simmons First National by 33.8% during the third quarter. JPMorgan Chase & Co. now owns 676,171 shares of the bank’s stock worth $14,565,000 after buying an additional 170,821 shares in the last quarter. Barclays PLC boosted its stake in shares of Simmons First National by 131.4% during the 3rd quarter. Barclays PLC now owns 247,821 shares of the bank’s stock worth $5,337,000 after acquiring an additional 140,738 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Simmons First National by 27.1% in the 4th quarter. Victory Capital Management Inc. now owns 515,690 shares of the bank’s stock worth $11,438,000 after acquiring an additional 109,866 shares during the last quarter. Dean Investment Associates LLC raised its position in shares of Simmons First National by 231.6% during the third quarter. Dean Investment Associates LLC now owns 137,352 shares of the bank’s stock worth $2,959,000 after purchasing an additional 95,928 shares during the period. Finally, Jackson Creek Investment Advisors LLC acquired a new stake in shares of Simmons First National during the fourth quarter worth $1,468,000. 27.58% of the stock is currently owned by institutional investors and hedge funds.

Simmons First National Trading Up 0.3 %

Shares of NASDAQ SFNC opened at $20.53 on Tuesday. The firm has a market capitalization of $2.58 billion, a PE ratio of 16.97 and a beta of 0.84. Simmons First National Co. has a one year low of $16.03 and a one year high of $25.95. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average price of $21.67 and a two-hundred day moving average price of $22.48.

Simmons First National (NASDAQ:SFNC) last announced its quarterly earnings data on Tuesday, January 21st. The bank reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The firm had revenue of $208.50 million for the quarter, compared to the consensus estimate of $208.67 million. Simmons First National had a net margin of 10.46% and a return on equity of 5.10%. The firm’s revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 earnings per share. As a group, analysts predict that Simmons First National Co. will post 1.66 earnings per share for the current fiscal year.

Simmons First National Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.2125 dividend. The ex-dividend date is Friday, March 14th. This is an increase from Simmons First National’s previous quarterly dividend of $0.21. This represents a $0.85 dividend on an annualized basis and a dividend yield of 4.14%. Simmons First National’s dividend payout ratio is 70.25%.

Wall Street Analysts Forecast Growth

Separately, Stephens reduced their price target on shares of Simmons First National from $29.00 to $28.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd.

Simmons First National Company 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.