Mercer Global Advisors Inc. ADV Sells 571 Shares of Simmons First National Co. (NASDAQ:SFNC)

Mercer Global Advisors Inc. ADV decreased its position in shares of Simmons First National Co. (NASDAQ:SFNC) by 0.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 228,829 shares of the bank’s stock after selling 571 shares during the period. Mercer Global Advisors Inc. ADV owned about 0.18% of Simmons First National worth $4,023,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in Simmons First National during the 4th quarter valued at $27,751,000. Trexquant Investment LP bought a new position in shares of Simmons First National in the fourth quarter valued at about $1,155,000. TFO Wealth Partners LLC lifted its position in Simmons First National by 250,150.0% during the 4th quarter. TFO Wealth Partners LLC now owns 10,010 shares of the bank’s stock worth $199,000 after buying an additional 10,006 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Simmons First National during the 4th quarter worth about $875,000. Finally, Rafferty Asset Management LLC increased its position in Simmons First National by 68.4% in the 4th quarter. Rafferty Asset Management LLC now owns 134,522 shares of the bank’s stock valued at $2,669,000 after acquiring an additional 54,631 shares in the last quarter. Institutional investors own 27.58% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Keefe, Bruyette & Woods increased their price target on shares of Simmons First National from $20.00 to $22.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Piper Sandler increased their price objective on Simmons First National from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Friday, July 26th. Stephens boosted their target price on Simmons First National from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. Finally, StockNews.com cut Simmons First National from a “hold” rating to a “sell” rating in a report on Monday, September 2nd. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $21.75.

Insider Activity at Simmons First National

In other Simmons First National news, CAO David W. Garner sold 3,600 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $21.21, for a total value of $76,356.00. Following the sale, the chief accounting officer now directly owns 64,966 shares in the company, valued at $1,377,928.86. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Chairman George Makris, Jr. sold 21,420 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $21.58, for a total value of $462,243.60. Following the completion of the transaction, the chairman now directly owns 608,347 shares in the company, valued at approximately $13,128,128.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO David W. Garner sold 3,600 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $21.21, for a total value of $76,356.00. Following the sale, the chief accounting officer now directly owns 64,966 shares of the company’s stock, valued at $1,377,928.86. The disclosure for this sale can be found here. Insiders have sold 33,700 shares of company stock worth $728,952 in the last ninety days. Company insiders own 1.91% of the company’s stock.

Simmons First National Price Performance

SFNC opened at $21.60 on Friday. The company has a fifty day moving average price of $20.65 and a two-hundred day moving average price of $18.86. The firm has a market capitalization of $2.71 billion, a PE ratio of 16.24 and a beta of 0.87. Simmons First National Co. has a 52 week low of $13.36 and a 52 week high of $22.45. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.80 and a current ratio of 0.80.

Simmons First National (NASDAQ:SFNC) last announced its quarterly earnings data on Wednesday, July 24th. The bank reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. Simmons First National had a return on equity of 5.33% and a net margin of 10.49%. The business had revenue of $372.44 million during the quarter, compared to analysts’ expectations of $197.30 million. During the same period in the previous year, the firm earned $0.48 earnings per share. As a group, analysts anticipate that Simmons First National Co. will post 1.32 earnings per share for the current year.

Simmons First National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be paid a $0.21 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.89%. Simmons First National’s dividend payout ratio (DPR) is presently 63.16%.

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.