International Assets Investment Management LLC Has $264,000 Holdings in Simmons First National Co. (NASDAQ:SFNC)

International Assets Investment Management LLC grew its position in shares of Simmons First National Co. (NASDAQ:SFNC) by 978.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,323 shares of the bank’s stock after buying an additional 12,088 shares during the quarter. International Assets Investment Management LLC’s holdings in Simmons First National were worth $264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in SFNC. SG Americas Securities LLC acquired a new stake in shares of Simmons First National during the 3rd quarter valued at about $985,000. Commonwealth Equity Services LLC lifted its holdings in shares of Simmons First National by 0.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 214,262 shares of the bank’s stock valued at $3,634,000 after buying an additional 1,187 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Simmons First National by 35.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,968 shares of the bank’s stock valued at $373,000 after buying an additional 5,697 shares during the last quarter. Strs Ohio lifted its holdings in shares of Simmons First National by 110.0% during the 3rd quarter. Strs Ohio now owns 42,200 shares of the bank’s stock valued at $715,000 after buying an additional 22,100 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Simmons First National by 5.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 55,729 shares of the bank’s stock valued at $945,000 after buying an additional 3,023 shares during the last quarter. 27.58% of the stock is currently owned by institutional investors and hedge funds.

Simmons First National Stock Performance

Shares of NASDAQ SFNC opened at $17.50 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average is $18.75 and its two-hundred day moving average is $18.00. The company has a market cap of $2.19 billion, a P/E ratio of 13.16 and a beta of 0.87. Simmons First National Co. has a 12 month low of $13.36 and a 12 month high of $20.82.

Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings results on Wednesday, April 24th. The bank reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. The company had revenue of $195.10 million for the quarter, compared to the consensus estimate of $202.35 million. Simmons First National had a return on equity of 5.94% and a net margin of 11.97%. The company’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.37 EPS. On average, equities analysts expect that Simmons First National Co. will post 1.35 EPS for the current year.

Simmons First National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 4.80%. The ex-dividend date of this dividend is Friday, June 14th. Simmons First National’s dividend payout ratio is currently 63.16%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SFNC shares. Stephens reduced their price target on Simmons First National from $22.00 to $21.00 and set an “equal weight” rating for the company in a report on Thursday. Keefe, Bruyette & Woods cut their price objective on Simmons First National from $21.00 to $20.00 and set a “market perform” rating on the stock in a research note on Thursday. Robert W. Baird raised their price objective on Simmons First National from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, January 25th. Finally, StockNews.com downgraded Simmons First National from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $21.00.

Simmons First National 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.