Simmons First National (NASDAQ:SFNC) Shares Gap Down to $19.46

Posted by Defense World Staff on Mar 15th, 2023

Simmons First National Co. (NASDAQ:SFNC – Get Rating) gapped down prior to trading on Monday . The stock had previously closed at $19.46, but opened at $18.19. Simmons First National shares last traded at $18.08, with a volume of 282,502 shares.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SFNC. Robert W. Baird cut their target price on Simmons First National from $28.00 to $26.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 25th. StockNews.com raised Simmons First National from a “sell” rating to a “hold” rating in a research note on Friday, March 10th.

Simmons First National Stock Up 0.9 %

The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market capitalization of $2.41 billion, a P/E ratio of 9.15 and a beta of 0.84. The company has a 50 day moving average of $22.10 and a 200-day moving average of $22.57.

Simmons First National (NASDAQ:SFNC – Get Rating) last posted its quarterly earnings data on Tuesday, January 24th. The bank reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.01. The business had revenue of $309.23 million for the quarter, compared to analysts’ expectations of $244.05 million. Simmons First National had a return on equity of 9.40% and a net margin of 24.85%. During the same period in the previous year, the firm posted $0.52 EPS. As a group, equities analysts anticipate that Simmons First National Co. will post 2.08 EPS for the current year.

Simmons First National Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Wednesday, March 15th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.22%. This is a boost from Simmons First National’s previous quarterly dividend of $0.19. The ex-dividend date is Tuesday, March 14th. Simmons First National’s payout ratio is presently 36.72%.

Insider Buying and Selling at Simmons First National

In other Simmons First National news, Director Dean O. Bass sold 10,000 shares of Simmons First National stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $22.96, for a total transaction of $229,600.00. Following the sale, the director now directly owns 139,975 shares of the company’s stock, valued at approximately $3,213,826. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Dean O. Bass sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $22.96, for a total value of $229,600.00. Following the sale, the director now directly owns 139,975 shares of the company’s stock, valued at approximately $3,213,826. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Dean O. Bass sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $22.93, for a total value of $171,975.00. Following the completion of the sale, the director now directly owns 159,975 shares in the company, valued at $3,668,226.75. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Institutional Trading of Simmons First National

Hedge funds have recently made changes to their positions in the stock. EMC Capital Management boosted its position in shares of Simmons First National by 47.0% in the 2nd quarter. EMC Capital Management now owns 1,354 shares of the bank’s stock worth $29,000 after purchasing an additional 433 shares in the last quarter. Wipfli Financial Advisors LLC bought a new stake in shares of Simmons First National in the 3rd quarter worth approximately $36,000. CWM LLC boosted its position in shares of Simmons First National by 30.7% in the 3rd quarter. CWM LLC now owns 2,141 shares of the bank’s stock worth $47,000 after purchasing an additional 503 shares in the last quarter. CoreCap Advisors LLC purchased a new position in Simmons First National in the 2nd quarter worth approximately $67,000. Finally, Picton Mahoney Asset Management purchased a new position in Simmons First National in the 3rd quarter worth approximately $74,000. 13.33% of the stock is owned by institutional investors.

Simmons First National Company Profile

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Simmons First National Corp. is a holding company, which engages in the provision of banking and other financial products and services to individual and corporate customers. The company was founded on March 23, 1903 and is headquartered in Pine Bluff, AR.