Two Sigma Investments LP Lowers Stock Holdings in Simmons First National Co. (NASDAQ:SFNC)

Two Sigma Investments LP cut its holdings in Simmons First National Co. (NASDAQ:SFNC) by 56.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 81,235 shares of the bank’s stock after selling 106,788 shares during the period. Two Sigma Investments LP owned 0.06% of Simmons First National worth $1,802,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new position in Simmons First National in the fourth quarter valued at $27,095,000. Rhino Investment Partners Inc acquired a new stake in Simmons First National in the 4th quarter worth about $19,531,000. Vanguard Group Inc. grew its holdings in Simmons First National by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 14,866,647 shares of the bank’s stock valued at $329,742,000 after buying an additional 630,376 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Simmons First National by 49.6% during the 4th quarter. JPMorgan Chase & Co. now owns 1,011,431 shares of the bank’s stock valued at $22,434,000 after acquiring an additional 335,260 shares during the last quarter. Finally, FJ Capital Management LLC lifted its holdings in shares of Simmons First National by 35.1% during the 4th quarter. FJ Capital Management LLC now owns 1,104,008 shares of the bank’s stock worth $24,487,000 after acquiring an additional 286,622 shares during the period. Hedge funds and other institutional investors own 27.58% of the company’s stock.

Simmons First National Trading Down 1.2%

NASDAQ SFNC opened at $18.53 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.79 and a current ratio of 0.79. Simmons First National Co. has a one year low of $16.03 and a one year high of $25.95. The company has a 50-day simple moving average of $18.94 and a 200-day simple moving average of $21.22. The firm has a market capitalization of $2.33 billion, a PE ratio of 15.31 and a beta of 0.91.

Simmons First National (NASDAQ:SFNC) last issued its earnings results on Wednesday, April 16th. The bank reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.10). The company had revenue of $209.58 million during the quarter, compared to analyst estimates of $209.00 million. Simmons First National had a net margin of 10.46% and a return on equity of 5.10%. During the same quarter in the previous year, the firm earned $0.32 earnings per share. On average, equities analysts forecast that Simmons First National Co. will post 1.66 earnings per share for the current year.

Simmons First National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a dividend of $0.2125 per share. The ex-dividend date is Friday, June 13th. This represents a $0.85 dividend on an annualized basis and a yield of 4.59%. Simmons First National’s dividend payout ratio is currently 73.28%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SFNC shares. Keefe, Bruyette & Woods reduced their target price on Simmons First National from $23.00 to $21.00 and set a “market perform” rating on the stock in a report on Monday, April 21st. Stephens cut their price objective on Simmons First National from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. Finally, Piper Sandler upgraded Simmons First National from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $20.00 to $21.00 in a report on Monday, April 21st.

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.