Strs Ohio Raises Holdings in Simmons First National Co. (NASDAQ:SFNC)

Strs Ohio raised its holdings in shares of Simmons First National Co. (NASDAQ:SFNC) by 23.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 52,300 shares of the bank’s stock after purchasing an additional 10,100 shares during the period. Strs Ohio’s holdings in Simmons First National were worth $1,037,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Briaud Financial Planning Inc bought a new position in shares of Simmons First National during the 3rd quarter valued at $81,000. Summit Financial Wealth Advisors LLC lifted its holdings in shares of Simmons First National by 15.9% during the 4th quarter. Summit Financial Wealth Advisors LLC now owns 11,590 shares of the bank’s stock valued at $230,000 after buying an additional 1,590 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Simmons First National by 1,314.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 12,875 shares of the bank’s stock valued at $218,000 after buying an additional 11,965 shares during the period. QRG Capital Management Inc. bought a new position in shares of Simmons First National during the 3rd quarter valued at $219,000. Finally, International Assets Investment Management LLC lifted its holdings in shares of Simmons First National by 978.8% during the 4th quarter. International Assets Investment Management LLC now owns 13,323 shares of the bank’s stock valued at $264,000 after buying an additional 12,088 shares during the period. 27.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. StockNews.com cut Simmons First National from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Robert W. Baird increased their price target on Simmons First National from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, January 25th.

Simmons First National Price Performance

Shares of Simmons First National stock opened at $18.81 on Wednesday. Simmons First National Co. has a one year low of $13.36 and a one year high of $20.82. The stock’s fifty day moving average is $18.79 and its 200 day moving average is $17.98. The stock has a market cap of $2.36 billion, a P/E ratio of 13.63 and a beta of 0.87. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.77.

Simmons First National (NASDAQ:SFNC) last announced its earnings results on Wednesday, January 24th. The bank reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. Simmons First National had a return on equity of 6.19% and a net margin of 12.82%. The company had revenue of $197.80 million for the quarter, compared to analysts’ expectations of $204.25 million. During the same period last year, the firm earned $0.64 EPS. Simmons First National’s revenue for the quarter was down 15.3% compared to the same quarter last year. Sell-side analysts anticipate that Simmons First National Co. will post 1.35 earnings per share for the current year.

Simmons First National Company 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.