GAMMA Investing LLC Buys 892 Shares of Simmons First National Corporation $SFNC

GAMMA Investing LLC lifted its stake in shares of Simmons First National Corporation (NASDAQ:SFNC) by 35.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,426 shares of the bank’s stock after purchasing an additional 892 shares during the quarter. GAMMA Investing LLC’s holdings in Simmons First National were worth $65,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SouthState Corp acquired a new stake in shares of Simmons First National in the 1st quarter worth about $71,000. Quarry LP raised its holdings in shares of Simmons First National by 92.2% in the 1st quarter. Quarry LP now owns 4,072 shares of the bank’s stock worth $84,000 after acquiring an additional 1,953 shares during the last quarter. CWM LLC raised its holdings in shares of Simmons First National by 99.0% in the 1st quarter. CWM LLC now owns 4,625 shares of the bank’s stock worth $95,000 after acquiring an additional 2,301 shares during the last quarter. KBC Group NV raised its holdings in shares of Simmons First National by 18.7% in the 1st quarter. KBC Group NV now owns 7,231 shares of the bank’s stock worth $148,000 after acquiring an additional 1,140 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in shares of Simmons First National by 1,263.3% in the 1st quarter. Exchange Traded Concepts LLC now owns 7,621 shares of the bank’s stock worth $156,000 after acquiring an additional 7,062 shares during the last quarter. Institutional investors own 27.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. DA Davidson upped their target price 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. Zacks Research upgraded shares of Simmons First National from a “hold” rating to a “strong-buy” rating in a report on Monday, August 18th. Keefe, Bruyette & Woods upped their target price 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. Weiss Ratings restated a “hold (c)” rating on shares of Simmons First National in a report on Saturday, September 27th. Finally, Wall Street Zen upgraded shares of Simmons First National from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.75.

Insider Buying and Selling

In other Simmons First National news, Director Russell William Teubner acquired 9,200 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The stock was bought at an average cost of $18.62 per share, with a total value of $171,304.00. Following the acquisition, the director owned 53,220 shares in the company, valued at approximately $990,956.40. This represents a 20.90% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Charles Daniel Hobbs acquired 5,400 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was acquired at an average cost of $18.50 per share, with a total value of $99,900.00. Following the completion of the acquisition, the chief financial officer owned 10,213 shares in the company, valued at $188,940.50. This trade represents a 112.20% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 100,755 shares of company stock worth $1,865,332 in the last 90 days. 1.44% of the stock is currently owned by company insiders.

Simmons First National Trading Up 0.9%

Shares of SFNC stock opened at $19.40 on Friday. The company has a 50 day moving average of $19.95 and a 200-day moving average of $19.46. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.28. Simmons First National Corporation has a 12-month low of $17.20 and a 12-month high of $25.95. The firm has a market cap of $2.81 billion, a P/E ratio of 15.28 and a beta of 0.94.

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

Simmons First National Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were issued a $0.2125 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.85 annualized dividend and a yield of 4.4%. Simmons First National’s dividend payout ratio (DPR) is 66.93%.

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.