Rhumbline Advisers Has $7.54 Million Holdings in Simmons First National Co. (NASDAQ:SFNC)

Rhumbline Advisers cut its holdings in Simmons First National Co. (NASDAQ:SFNC) by 3.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 367,046 shares of the bank’s stock after selling 14,067 shares during the period. Rhumbline Advisers owned about 0.29% of Simmons First National worth $7,535,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp acquired a new position in Simmons First National during the fourth quarter worth $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Simmons First National during the fourth quarter worth $36,000. Quarry LP acquired a new position in Simmons First National during the fourth quarter worth $47,000. Smartleaf Asset Management LLC increased its holdings in Simmons First National by 168.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,144 shares of the bank’s stock worth $48,000 after buying an additional 1,345 shares during the last quarter. Finally, Sterling Capital Management LLC increased its holdings in Simmons First National by 813.8% during the fourth quarter. Sterling Capital Management LLC now owns 3,911 shares of the bank’s stock worth $87,000 after buying an additional 3,483 shares during the last quarter. 27.58% of the stock is currently owned by institutional investors and hedge funds.

Simmons First National Trading Up 1.5%

SFNC stock opened at $19.26 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.79 and a quick ratio of 0.79. The company has a fifty day moving average price of $18.78 and a two-hundred day moving average price of $21.01. Simmons First National Co. has a one year low of $16.03 and a one year high of $25.95. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 15.92 and a beta of 0.93.

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

Simmons First National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be given a $0.2125 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 4.41%. Simmons First National’s payout ratio is 73.28%.

Analysts Set New Price Targets

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

About Simmons First National

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.