Yousif Capital Management LLC Has $1.05 Million Stock Position in Simmons First National Co. (NASDAQ:SFNC)

Yousif Capital Management LLC trimmed its stake in shares of Simmons First National Co. (NASDAQ:SFNC) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,538 shares of the bank’s stock after selling 1,239 shares during the quarter. Yousif Capital Management LLC’s holdings in Simmons First National were worth $1,054,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its holdings in Simmons First National by 4.4% during the third quarter. Principal Financial Group Inc. now owns 646,325 shares of the bank’s stock valued at $13,922,000 after purchasing an additional 27,479 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Simmons First National by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,866,142 shares of the bank’s stock valued at $40,197,000 after acquiring an additional 65,992 shares during the last quarter. Franklin Resources Inc. bought a new position in shares of Simmons First National in the third quarter valued at approximately $1,339,000. Systematic Financial Management LP bought a new position in shares of Simmons First National in the third quarter valued at approximately $824,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Simmons First National by 33.8% in the third quarter. JPMorgan Chase & Co. now owns 676,171 shares of the bank’s stock valued at $14,565,000 after acquiring an additional 170,821 shares during the last quarter. 27.58% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Robert A. Fehlman sold 15,270 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $24.02, for a total value of $366,785.40. Following the completion of the transaction, the chief executive officer now owns 156,357 shares of the company’s stock, valued at $3,755,695.14. The trade was a 8.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.91% of the company’s stock.

Analysts Set New Price Targets

SFNC has been the subject of a number of research analyst reports. Stephens cut their target price on shares of Simmons First National from $29.00 to $28.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. StockNews.com upgraded shares of Simmons First National from a “sell” rating to a “hold” rating in a research note on Monday, October 21st.

Simmons First National Stock Performance

SFNC stock opened at $22.49 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.79 and a quick ratio of 0.79. The company has a 50 day moving average price of $22.65 and a 200 day moving average price of $22.31. Simmons First National Co. has a fifty-two week low of $16.03 and a fifty-two week high of $25.95. The stock has a market capitalization of $2.82 billion, a PE ratio of 18.59 and a beta of 0.86.

Simmons First National (NASDAQ:SFNC) last released its earnings results on Tuesday, January 21st. The bank reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. Simmons First National had a net margin of 10.46% and a return on equity of 5.10%. The firm had revenue of $208.50 million during the quarter, compared to analyst estimates of $208.67 million. During the same quarter in the previous year, the business earned $0.40 EPS. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. Analysts forecast that Simmons First National Co. will post 1.66 EPS for the current year.

Simmons First National Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.2125 per share. This represents a $0.85 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date is Friday, March 14th. This is a positive change from Simmons First National’s previous quarterly dividend of $0.21. Simmons First National’s payout ratio is currently 69.42%.

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.