Intech Investment Management LLC Grows Stake in Simmons First National Corporation $SFNC

Intech Investment Management LLC grew its position in shares of Simmons First National Corporation (NASDAQ:SFNC) by 69.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,262 shares of the bank’s stock after purchasing an additional 37,881 shares during the period. Intech Investment Management LLC owned approximately 0.07% of Simmons First National worth $1,894,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Mustard Seed Financial LLC grew its position in shares of Simmons First National by 1.9% during the 1st quarter. Mustard Seed Financial LLC now owns 34,402 shares of the bank’s stock valued at $706,000 after purchasing an additional 656 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of Simmons First National by 5.5% during the 1st quarter. Cerity Partners LLC now owns 16,058 shares of the bank’s stock worth $330,000 after acquiring an additional 836 shares during the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of Simmons First National by 1.6% during the 1st quarter. OneDigital Investment Advisors LLC now owns 62,588 shares of the bank’s stock worth $1,285,000 after acquiring an additional 966 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Simmons First National by 4.0% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 27,396 shares of the bank’s stock worth $613,000 after acquiring an additional 1,049 shares during the last quarter. Finally, Sowell Financial Services LLC lifted its holdings in shares of Simmons First National by 7.7% during the 1st quarter. Sowell Financial Services LLC now owns 14,738 shares of the bank’s stock worth $303,000 after acquiring an additional 1,056 shares during the last quarter. 27.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Simmons First National

In other Simmons First National news, Director Russell William Teubner purchased 9,200 shares of the stock in a transaction on Thursday, August 7th. The stock was acquired at an average price of $18.62 per share, with a total value of $171,304.00. Following the transaction, the director directly owned 53,220 shares of the company’s stock, valued at approximately $990,956.40. This trade represents a 20.90% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Steenberg Christopher J. Van purchased 13,500 shares of Simmons First National stock in a transaction that occurred on Wednesday, July 23rd. The shares were bought at an average price of $18.50 per share, for a total transaction of $249,750.00. Following the transaction, the chief operating officer directly owned 13,500 shares of the company’s stock, valued at $249,750. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 100,755 shares of company stock worth $1,865,332 over the last three months. 1.91% of the stock is owned by corporate insiders.

Simmons First National Stock Down 1.2%

NASDAQ SFNC opened at $19.74 on Wednesday. Simmons First National Corporation has a 1 year low of $17.20 and a 1 year high of $25.95. The stock has a market capitalization of $2.86 billion, a PE ratio of 15.54 and a beta of 0.97. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.80 and a quick ratio of 0.80. The business’s 50-day moving average is $20.01 and its 200 day moving average is $19.53.

Simmons First National (NASDAQ:SFNC) last released its quarterly earnings results on Thursday, July 17th. The bank reported $0.44 EPS for the quarter, beating analysts’ consensus estimates 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%.Simmons First National’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.33 EPS. Sell-side analysts forecast that Simmons First National Corporation will post 1.66 earnings per share for the current year.

Simmons First National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be given a dividend of $0.2125 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.85 dividend on an annualized basis and a yield of 4.3%. Simmons First National’s dividend payout ratio is presently 66.93%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SFNC. Wall Street Zen raised shares of Simmons First National from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Zacks Research raised shares of Simmons First National from a “hold” rating to a “strong-buy” rating in a report on Monday, August 18th. 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 report on Monday, July 21st. Finally, DA Davidson lifted their price objective on shares of Simmons First National from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.75.

Simmons First National 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.