TD Capital Management LLC Takes Position in Simmons First National Co. (NASDAQ:SFNC)

TD Capital Management LLC purchased a new position in Simmons First National Co. (NASDAQ:SFNCGet Rating) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,382 shares of the bank’s stock, valued at approximately $298,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Strs Ohio lifted its stake in 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 last quarter. Cadence Bank lifted its stake in Simmons First National by 2.3% in the first quarter. Cadence Bank now owns 20,732 shares of the bank’s stock worth $544,000 after acquiring an additional 460 shares during the last quarter. Natixis Advisors L.P. lifted its stake in Simmons First National by 1.8% in the first quarter. Natixis Advisors L.P. now owns 28,625 shares of the bank’s stock worth $751,000 after acquiring an additional 514 shares during the last quarter. Mutual of America Capital Management LLC lifted its stake in Simmons First National by 3.5% in the first quarter. Mutual of America Capital Management LLC now owns 16,242 shares of the bank’s stock worth $426,000 after acquiring an additional 553 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in Simmons First National by 2.6% in the first quarter. Cetera Investment Advisers now owns 22,731 shares of the bank’s stock worth $596,000 after acquiring an additional 577 shares during the last quarter. Hedge funds and other institutional investors own 13.38% of the company’s stock.

Insider Activity

In other news, Director Dean O. Bass sold 8,810 shares of Simmons First National stock in a transaction on Wednesday, July 27th. The shares were 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 of the company’s stock, valued at approximately $5,590,070.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Dean O. Bass sold 8,810 shares of Simmons First National stock in a transaction on Wednesday, July 27th. The shares were 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 approximately $5,590,070.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dean O. Bass sold 7,334 shares of Simmons First National stock in a transaction on Monday, August 1st. The shares were sold at an average price of $23.88, for a total transaction of $175,135.92. Following the completion of the transaction, the director now owns 230,680 shares in the company, valued at $5,508,638.40. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Simmons First National Stock Down 3.6 %

SFNC stock opened at $23.09 on Wednesday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.45. Simmons First National Co. has a twelve month low of $19.87 and a twelve month high of $32.76. The company’s 50 day moving average is $23.22 and its two-hundred day moving average is $24.45. The stock has a market cap of $2.96 billion, a P/E ratio of 11.84 and a beta of 0.86.

Simmons First National (NASDAQ:SFNCGet Rating) last announced its earnings results on Thursday, July 21st. The bank reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. The business had revenue of $225.28 million for the quarter, compared to analysts’ expectations of $228.57 million. Simmons First National had a net margin of 25.19% and a return on equity of 8.73%. During the same period in the previous year, the company posted $0.69 EPS. Research analysts expect that Simmons First National Co. will post 2.33 earnings per share for the current fiscal year.

Simmons First National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 15th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.29%. Simmons First National’s payout ratio is 38.97%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. StockNews.com upgraded shares of Simmons First National from a “sell” rating to a “hold” rating in a research note on Friday, September 9th. Piper Sandler cut their price objective on shares of Simmons First National to $24.50 in a report on Monday, July 4th. Finally, Stephens raised their price objective on shares of Simmons First National to $25.00 in a report on Monday, July 25th.

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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