Strs Ohio Decreases Stake in Simmons First National Co. (NASDAQ:SFNC)

Strs Ohio reduced its holdings in Simmons First National Co. (NASDAQ:SFNCGet Rating) by 30.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,000 shares of the bank’s stock after selling 16,400 shares during the period. Strs Ohio’s holdings in Simmons First National were worth $806,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of SFNC. MAS Advisors LLC purchased a new position in shares of Simmons First National in the first quarter worth about $489,000. Citigroup Inc. raised its stake in Simmons First National by 9.9% during the first quarter. Citigroup Inc. now owns 101,845 shares of the bank’s stock worth $2,670,000 after purchasing an additional 9,182 shares during the period. Natixis Advisors L.P. raised its stake in Simmons First National by 1.8% during the first quarter. Natixis Advisors L.P. now owns 28,625 shares of the bank’s stock worth $751,000 after purchasing an additional 514 shares during the period. Bank of Montreal Can raised its stake in Simmons First National by 96.1% during the first quarter. Bank of Montreal Can now owns 63,466 shares of the bank’s stock worth $1,715,000 after purchasing an additional 31,097 shares during the period. Finally, MetLife Investment Management LLC raised its stake in Simmons First National by 55.4% during the first quarter. MetLife Investment Management LLC now owns 59,591 shares of the bank’s stock worth $1,562,000 after purchasing an additional 21,233 shares during the period. 13.33% of the stock is owned by hedge funds and other institutional investors.

Simmons First National Price Performance

Shares of SFNC opened at $22.87 on Monday. Simmons First National Co. has a 1-year low of $19.34 and a 1-year high of $31.95. The stock has a market cap of $2.90 billion, a PE ratio of 12.43 and a beta of 0.84. The firm has a 50-day simple moving average of $22.24 and a two-hundred day simple moving average of $22.83. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.72 and a quick ratio of 0.72.

Simmons First National (NASDAQ:SFNCGet Rating) last announced its quarterly earnings results on Tuesday, October 25th. The bank reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. Simmons First National had a net margin of 23.56% and a return on equity of 8.73%. The business had revenue of $236.61 million during the quarter, compared to analysts’ expectations of $241.70 million. As a group, analysts forecast that Simmons First National Co. will post 2.38 EPS for the current year.

Simmons First National Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Thursday, December 15th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend was Wednesday, December 14th. Simmons First National’s dividend payout ratio is presently 41.30%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Simmons First National from a “sell” rating to a “hold” rating in a research note on Friday, October 7th.

Insider Buying and Selling at Simmons First National

In other Simmons First National news, Director Dean O. Bass sold 27,100 shares of Simmons First National stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $22.76, for a total transaction of $616,796.00. Following the completion of the sale, the director now directly owns 181,860 shares in the company, valued at $4,139,133.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.76% of the company’s stock.

About Simmons First National

(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.

See Also

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

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