Simmons First National Corporation $SFNC Position Cut by American Century Companies Inc.

American Century Companies Inc. lowered its holdings in shares of Simmons First National Corporation (NASDAQ:SFNC) by 22.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 419,494 shares of the bank’s stock after selling 122,154 shares during the period. American Century Companies Inc. owned approximately 0.33% of Simmons First National worth $8,612,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Simmons First National during the fourth quarter valued at about $36,000. Quarry LP acquired a new position in Simmons First National during the 4th quarter valued at about $47,000. SouthState Corp acquired a new stake in shares of Simmons First National in the 1st quarter worth approximately $71,000. CWM LLC boosted its holdings in shares of Simmons First National by 99.0% in the first quarter. CWM LLC now owns 4,625 shares of the bank’s stock valued at $95,000 after acquiring an additional 2,301 shares in the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in shares of Simmons First National during the fourth quarter valued at approximately $114,000. Institutional investors own 27.58% of the company’s stock.

Insiders Place Their Bets

In other news, Director Steven A. Cosse bought 13,500 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The stock was bought at an average cost of $18.50 per share, for a total transaction of $249,750.00. Following the completion of the acquisition, the director directly owned 104,120 shares in the company, valued at $1,926,220. This represents a 14.90% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Russell William Teubner bought 9,200 shares of the company’s stock in a transaction dated Thursday, August 7th. The stock was purchased at an average cost of $18.62 per share, for a total transaction of $171,304.00. Following the completion of the transaction, the director owned 53,220 shares of the company’s stock, valued at $990,956.40. This represents a 20.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 100,755 shares of company stock worth $1,865,332 over the last three months. Company insiders own 1.91% of the company’s stock.

Simmons First National Price Performance

NASDAQ SFNC opened at $20.68 on Wednesday. Simmons First National Corporation has a 1 year low of $17.20 and a 1 year high of $25.95. The business’s fifty day moving average is $19.58 and its two-hundred day moving average is $19.69. The stock has a market capitalization of $2.99 billion, a P/E ratio of 16.28 and a beta of 0.95. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.80 and a current ratio of 0.80.

Simmons First National (NASDAQ:SFNC) last released its quarterly earnings data 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. The business had revenue of $214.18 million during the quarter, compared to analyst estimates of $217.21 million. Simmons First National had a return on equity of 5.23% and a net margin of 11.19%.The company’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company posted $0.33 EPS. On average, research analysts forecast that Simmons First National Corporation will post 1.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SFNC. Keefe, Bruyette & Woods upped their target price on Simmons First National from $21.00 to $22.00 and gave the stock a “market perform” rating in a research report on Monday, July 21st. Wall Street Zen raised Simmons First National from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. DA Davidson upped their price objective on Simmons First National from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Finally, Zacks Research raised Simmons First National from a “hold” rating to a “strong-buy” rating in a report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.75.

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.