SG Americas Securities LLC Buys Shares of 52,901 Simmons First National Corporation (NASDAQ:SFNC)

SG Americas Securities LLC acquired a new stake in Simmons First National Corporation (NASDAQ:SFNC) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 52,901 shares of the bank’s stock, valued at approximately $1,086,000.

Several other large investors have also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp acquired a new position in shares of Simmons First National in the fourth quarter worth $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Simmons First National in the 4th quarter valued at about $36,000. Quarry LP purchased a new position in shares of Simmons First National in the 4th quarter valued at about $47,000. Smartleaf Asset Management LLC boosted its stake in shares of Simmons First National by 168.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,144 shares of the bank’s stock valued at $48,000 after buying an additional 1,345 shares during the period. Finally, Sterling Capital Management LLC increased its stake in shares of 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 period. 27.58% of the stock is owned by hedge funds and other institutional investors.

Simmons First National Stock Down 0.5%

Shares of NASDAQ:SFNC opened at $18.15 on Wednesday. The firm has a 50 day simple moving average of $18.80 and a 200-day simple moving average of $20.80. Simmons First National Corporation has a twelve month low of $16.29 and a twelve month high of $25.95. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $2.29 billion, a PE ratio of 15.65 and a beta of 0.93.

Simmons First National (NASDAQ:SFNC) last announced its quarterly earnings results on Wednesday, April 16th. The bank reported $0.26 earnings per share 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 analysts’ expectations of $209.00 million. Simmons First National had a net margin of 10.10% and a return on equity of 4.86%. During the same period last year, the firm earned $0.32 earnings per share. On average, equities analysts predict that Simmons First National Corporation will post 1.66 EPS for the current fiscal year.

Simmons First National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors 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 4.68%. Simmons First National’s dividend payout ratio (DPR) is presently 73.28%.

Analysts Set New Price Targets

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