State of New Jersey Common Pension Fund D Acquires Shares of 88,798 Simmons First National Co. (NASDAQ:SFNC)

State of New Jersey Common Pension Fund D bought a new position in Simmons First National Co. (NASDAQ:SFNCGet Rating) in the first quarter, HoldingsChannel reports. The institutional investor bought 88,798 shares of the bank’s stock, valued at approximately $2,328,000.

Other institutional investors and hedge funds have also modified their holdings of the company. UMB Bank N A MO bought a new stake in shares of Simmons First National in the fourth quarter worth $75,000. Hardy Reed LLC bought a new stake in shares of Simmons First National in the first quarter worth $84,000. Strs Ohio grew its holdings in shares of Simmons First National by 10.0% in the first quarter. Strs Ohio now owns 4,400 shares of the bank’s stock worth $115,000 after acquiring an additional 400 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Simmons First National by 10.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,917 shares of the bank’s stock worth $145,000 after acquiring an additional 464 shares during the period. Finally, SG Americas Securities LLC grew its holdings in shares of Simmons First National by 60.9% in the first quarter. SG Americas Securities LLC now owns 5,928 shares of the bank’s stock worth $155,000 after acquiring an additional 2,243 shares during the period. Institutional investors own 46.84% of the company’s stock.

Simmons First National Stock Performance

NASDAQ:SFNC opened at $23.72 on Thursday. The stock has a 50-day simple moving average of $22.59 and a two-hundred day simple moving average of $25.48. Simmons First National Co. has a 52-week low of $19.87 and a 52-week high of $32.76. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market capitalization of $3.10 billion, a PE ratio of 12.16 and a beta of 0.87.

Simmons First National (NASDAQ:SFNCGet Rating) last announced its quarterly earnings data on Thursday, July 21st. The bank reported $0.52 EPS for the quarter, beating the consensus estimate of $0.46 by $0.06. Simmons First National had a return on equity of 8.73% and a net margin of 25.19%. The business had revenue of $225.28 million for the quarter, compared to the consensus estimate of $228.57 million. During the same period in the previous year, the business earned $0.69 earnings per share. Analysts forecast that Simmons First National Co. will post 2.34 EPS for the current year.

Simmons First National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 15th will be given a $0.19 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $0.76 annualized dividend and a dividend yield of 3.20%. Simmons First National’s payout ratio is 38.97%.

Analyst Upgrades and Downgrades

SFNC has been the subject of several research analyst reports. Piper Sandler cut their price objective on Simmons First National to $24.50 in a report on Monday, July 4th. StockNews.com lowered Simmons First National from a “hold” rating to a “sell” rating in a report on Thursday, July 28th. Finally, Stephens boosted their price target on Simmons First National to $25.00 in a report on Monday, July 25th.

Insider Activity

In other news, Director Dean O. Bass sold 8,810 shares of the business’s stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $22.86, for a total value of $201,396.60. Following the transaction, the director now directly owns 244,535 shares in the company, valued at $5,590,070.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Dean O. Bass sold 8,810 shares of the business’s stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $22.86, for a total value of $201,396.60. Following the sale, the director now directly owns 244,535 shares in the company, valued at $5,590,070.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dean O. Bass sold 10,000 shares of the business’s stock in a transaction dated Friday, May 6th. The stock was sold at an average price of $25.00, for a total value of $250,000.00. Following the completion of the sale, the director now owns 252,730 shares in the company, valued at $6,318,250. The disclosure for this sale can be found here. Insiders have sold 26,144 shares of company stock worth $626,533 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Simmons First National Profile

(Get Rating)

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. It 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; insurance products; and securities and investment services.

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Institutional Ownership by Quarter for Simmons First National (NASDAQ:SFNC)

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