9,536 Shares in Simmons First National Co. (NASDAQ:SFNC) Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas acquired a new stake in shares of Simmons First National Co. (NASDAQ:SFNC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 9,536 shares of the bank’s stock, valued at approximately $212,000.

Other institutional investors have also modified their holdings of the company. Cibc World Markets Corp acquired a new stake in Simmons First National in the 4th quarter worth about $258,000. Corient Private Wealth LLC lifted its position in shares of Simmons First National by 30.5% in the fourth quarter. Corient Private Wealth LLC now owns 13,496 shares of the bank’s stock valued at $300,000 after acquiring an additional 3,157 shares in the last quarter. Natixis Advisors LLC boosted its stake in shares of Simmons First National by 32.1% in the fourth quarter. Natixis Advisors LLC now owns 20,606 shares of the bank’s stock worth $457,000 after acquiring an additional 5,006 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of Simmons First National by 2.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 205,479 shares of the bank’s stock worth $4,558,000 after purchasing an additional 4,440 shares in the last quarter. Finally, Swiss National Bank raised its stake in Simmons First National by 0.8% in the 4th quarter. Swiss National Bank now owns 246,986 shares of the bank’s stock valued at $5,478,000 after purchasing an additional 1,900 shares during the last quarter. Institutional investors and hedge funds own 27.58% of the company’s stock.

Simmons First National Stock Up 0.8 %

NASDAQ SFNC opened at $20.55 on Thursday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.32. The business’s fifty day simple moving average is $21.58 and its 200-day simple moving average is $22.46. Simmons First National Co. has a 52 week low of $16.03 and a 52 week high of $25.95. The firm has a market cap of $2.59 billion, a PE ratio of 16.98 and a beta of 0.84.

Simmons First National (NASDAQ:SFNC) last released its quarterly earnings results on Tuesday, January 21st. The bank reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The business 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 business’s revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 EPS. As a group, equities analysts anticipate that Simmons First National Co. will post 1.66 earnings per share for the current year.

Simmons First National Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were issued a $0.2125 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 4.14%. This is a boost from Simmons First National’s previous quarterly dividend of $0.21. Simmons First National’s payout ratio is 70.25%.

Wall Street Analysts Forecast Growth

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

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.