Simmons First National Co. (NASDAQ:SFNC) Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its holdings in shares of Simmons First National Co. (NASDAQ:SFNC) by 9,443.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,395,980 shares of the bank’s stock after purchasing an additional 1,381,353 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 1.11% of Simmons First National worth $24,541,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Versant Capital Management Inc grew its position in shares of 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% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 1,888 shares of the bank’s stock valued at $33,000 after acquiring an additional 1,800 shares during the last quarter. Profund Advisors LLC acquired a new position in Simmons First National during the 2nd quarter worth $183,000. TFO Wealth Partners LLC grew its holdings 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 acquiring an additional 10,006 shares in the last quarter. Finally, Algert Global LLC bought a new stake in shares of Simmons First National in the 2nd quarter worth about $222,000. 27.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

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

Simmons First National Trading Up 1.8 %

Shares of SFNC stock opened at $21.54 on Tuesday. Simmons First National Co. has a 1 year low of $13.36 and a 1 year high of $22.45. The firm has a market capitalization of $2.70 billion, a PE ratio of 16.14 and a beta of 0.87. The stock has a fifty day moving average of $20.72 and a two-hundred day moving average of $18.92. 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 earnings results on Wednesday, July 24th. The bank reported $0.33 EPS for the quarter, topping the consensus estimate of $0.31 by $0.02. The firm had revenue of $372.44 million for the quarter, compared to analysts’ expectations of $197.30 million. Simmons First National had a return on equity of 5.33% and a net margin of 10.49%. During the same quarter in the previous year, the company earned $0.48 earnings per share. As a group, research analysts expect that Simmons First National Co. will post 1.32 EPS for the current year.

Simmons First National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date is Friday, September 13th. Simmons First National’s payout ratio is currently 63.16%.

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.