Sei Investments Co. Has $4.20 Million Stake in Simmons First National Co. (NASDAQ:SFNC)

Sei Investments Co. reduced its stake in Simmons First National Co. (NASDAQ:SFNC) by 7.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 189,416 shares of the bank’s stock after selling 16,219 shares during the quarter. Sei Investments Co. owned 0.15% of Simmons First National worth $4,201,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SFNC. American Century Companies Inc. increased its position in shares of Simmons First National by 3.2% in the fourth quarter. American Century Companies Inc. now owns 541,648 shares of the bank’s stock valued at $12,014,000 after acquiring an additional 16,579 shares during the last quarter. Quantbot Technologies LP bought a new position in Simmons First National in the fourth quarter valued at approximately $889,000. Teacher Retirement System of Texas acquired a new position in shares of Simmons First National during the 4th quarter worth approximately $212,000. Cibc World Markets Corp bought a new stake in shares of Simmons First National during the 4th quarter worth approximately $258,000. Finally, Corient Private Wealth LLC grew its stake 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 buying an additional 3,157 shares in the last quarter. 27.58% of the stock is owned by institutional investors and hedge funds.

Simmons First National Trading Up 0.8 %

SFNC stock opened at $20.55 on Thursday. Simmons First National Co. has a one year low of $16.03 and a one year high of $25.95. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 16.98 and a beta of 0.84. The company has a fifty day moving average price of $21.58 and a two-hundred day moving average price of $22.46. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.79 and a quick ratio of 0.79.

Simmons First National (NASDAQ:SFNC) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $0.39 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 analyst estimates of $208.67 million. Simmons First National had a net margin of 10.46% and a return on equity of 5.10%. Simmons First National’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.40 EPS. Equities analysts anticipate that Simmons First National Co. will post 1.66 EPS for the current year.

Simmons First National Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were issued a dividend of $0.2125 per share. This is a boost from Simmons First National’s previous quarterly dividend of $0.21. This represents a $0.85 annualized dividend and a yield of 4.14%. The ex-dividend date was Friday, March 14th. Simmons First National’s dividend payout ratio (DPR) is presently 70.25%.

Analysts Set New Price Targets

Separately, Stephens reduced their price target on Simmons First National from $29.00 to $28.00 and set an “overweight” rating for the company in a 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.