Russell Investments Group Ltd. Sells 43,764 Shares of Simmons First National Co. (NASDAQ:SFNC)

Russell Investments Group Ltd. reduced its stake in shares of Simmons First National Co. (NASDAQ:SFNCFree Report) by 31.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 95,368 shares of the bank’s stock after selling 43,764 shares during the quarter. Russell Investments Group Ltd.’s holdings in Simmons First National were worth $1,892,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SFNC. Walleye Capital LLC purchased a new stake in Simmons First National during the 3rd quarter valued at $1,951,000. Victory Capital Management Inc. raised its stake in shares of Simmons First National by 406.8% in the third quarter. Victory Capital Management Inc. now owns 204,984 shares of the bank’s stock valued at $3,477,000 after acquiring an additional 164,535 shares during the period. WBI Investments Inc. purchased a new stake in shares of Simmons First National in the third quarter valued at $683,000. Eagle Bluffs Wealth Management LLC boosted its stake in shares of Simmons First National by 3.8% during the 4th quarter. Eagle Bluffs Wealth Management LLC now owns 70,298 shares of the bank’s stock worth $1,408,000 after purchasing an additional 2,550 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Simmons First National by 6.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,534,377 shares of the bank’s stock valued at $26,023,000 after purchasing an additional 93,507 shares during the last quarter. 27.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Simmons First National

In other Simmons First National news, EVP George A. Makris III sold 15,625 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $17.23, for a total transaction of $269,218.75. Following the completion of the sale, the executive vice president now owns 39,707 shares in the company, valued at $684,151.61. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.91% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

View Our Latest Report on Simmons First National

Simmons First National Trading Up 1.1 %

Shares of NASDAQ SFNC opened at $18.31 on Thursday. Simmons First National Co. has a twelve month low of $13.36 and a twelve month high of $20.82. 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 has a fifty day simple moving average of $18.43 and a two-hundred day simple moving average of $18.20. The firm has a market cap of $2.30 billion, a PE ratio of 13.77 and a beta of 0.90.

Simmons First National (NASDAQ:SFNCGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The bank reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. Simmons First National had a return on equity of 5.94% and a net margin of 11.97%. The firm had revenue of $195.10 million during the quarter, compared to the consensus estimate of $202.35 million. During the same period in the previous year, the company posted $0.37 earnings per share. The firm’s quarterly revenue was down 12.8% on a year-over-year basis. Analysts expect that Simmons First National Co. will post 1.33 earnings per share for the current fiscal year.

Simmons First National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.59%. Simmons First National’s dividend payout ratio is presently 63.16%.

About Simmons First National

(Free Report)

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.

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

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