Universal Beteiligungs und Servicegesellschaft mbH Invests $220,000 in Simmons First National Corporation (NASDAQ:SFNC)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Simmons First National Corporation (NASDAQ:SFNC) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,727 shares of the bank’s stock, valued at approximately $220,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Simmons First National during the fourth quarter valued at $36,000. Quarry LP purchased a new position in shares of Simmons First National in the 4th quarter worth $47,000. Sterling Capital Management LLC increased its holdings in shares of Simmons First National by 813.8% in the 4th 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. CWM LLC raised its position in shares of Simmons First National by 99.0% during the 1st quarter. CWM LLC now owns 4,625 shares of the bank’s stock valued at $95,000 after buying an additional 2,301 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Simmons First National during the 4th quarter valued at about $114,000. 27.58% of the stock is currently owned by institutional investors.

Insider Activity at Simmons First National

In related news, Director Russell William Teubner bought 4,050 shares of the company’s stock in a transaction on Wednesday, July 23rd. The shares were acquired at an average cost of $18.50 per share, for a total transaction of $74,925.00. Following the purchase, the director directly owned 25,576 shares of the company’s stock, valued at approximately $473,156. The trade was a 18.81% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Marty Casteel purchased 5,400 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The shares were bought at an average cost of $18.50 per share, with a total value of $99,900.00. Following the purchase, the director directly owned 213,901 shares of the company’s stock, valued at approximately $3,957,168.50. This represents a 2.59% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 89,555 shares of company stock worth $1,656,768 over the last ninety days. 1.91% of the stock is currently owned by company insiders.

Simmons First National Stock Up 0.1%

Shares of NASDAQ SFNC opened at $19.04 on Tuesday. Simmons First National Corporation has a 1 year low of $17.20 and a 1 year high of $25.95. The firm has a 50-day simple moving average of $19.25 and a two-hundred day simple moving average of $20.03. The company has a market cap of $2.71 billion, a P/E ratio of 14.99 and a beta of 0.95. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.80 and a quick ratio of 0.80.

Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings results on Thursday, July 17th. The bank reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. Simmons First National had a return on equity of 5.23% and a net margin of 11.19%. The firm had revenue of $214.18 million for the quarter, compared to the consensus estimate of $217.21 million. During the same period in the prior year, the business posted $0.33 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. Research analysts anticipate that Simmons First National Corporation will post 1.66 earnings per share for the current year.

Simmons First National Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were issued a dividend of $0.2125 per share. The ex-dividend date was Friday, June 13th. This represents a $0.85 dividend on an annualized basis and a yield of 4.5%. Simmons First National’s dividend payout ratio (DPR) is presently 66.93%.

Analysts Set New Price Targets

Several research analysts recently commented on SFNC shares. DA Davidson lifted their price target on Simmons First National from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Wall Street Zen raised Simmons First National from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. Stephens cut their target price on Simmons First National from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Monday, April 21st. Piper Sandler upgraded Simmons First National from an “underweight” rating to a “neutral” rating and increased their price target for the company from $20.00 to $21.00 in a report on Monday, April 21st. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Simmons First National from $21.00 to $22.00 and gave the stock a “market perform” rating in a research note on Monday, July 21st. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.75.

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.