KLP Kapitalforvaltning AS Buys 1,100 Shares of Simmons First National Corporation $SFNC

KLP Kapitalforvaltning AS lifted its stake in shares of Simmons First National Corporation (NASDAQ:SFNC) by 4.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 27,000 shares of the bank’s stock after acquiring an additional 1,100 shares during the period. KLP Kapitalforvaltning AS’s holdings in Simmons First National were worth $517,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in SFNC. GAMMA Investing LLC lifted its stake in Simmons First National by 35.2% in the second quarter. GAMMA Investing LLC now owns 3,426 shares of the bank’s stock worth $65,000 after purchasing an additional 892 shares during the last quarter. SouthState Corp purchased a new position in shares of Simmons First National in the first quarter valued at about $71,000. Quarry LP increased its position in shares of Simmons First National by 92.2% in the first quarter. Quarry LP now owns 4,072 shares of the bank’s stock valued at $84,000 after acquiring an additional 1,953 shares during the period. CWM LLC increased its position 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 during the period. Finally, KBC Group NV increased its position in shares of Simmons First National by 18.7% during the first quarter. KBC Group NV now owns 7,231 shares of the bank’s stock valued at $148,000 after buying an additional 1,140 shares during the period. 27.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SFNC shares. DA Davidson boosted their price target on shares of Simmons First National from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. 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 research note on Monday, July 21st. Wall Street Zen upgraded shares of Simmons First National from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. Zacks Research downgraded shares of Simmons First National from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Simmons First National in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.75.

Insider Buying and Selling at Simmons First National

In other Simmons First National news, CEO George Makris, Jr. acquired 28,075 shares of the stock in a transaction on Wednesday, July 23rd. The stock was acquired at an average price of $18.50 per share, for a total transaction of $519,387.50. Following the completion of the transaction, the chief executive officer directly owned 29,550 shares of the company’s stock, valued at $546,675. This trade represents a 1,903.39% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven A. Cosse bought 13,500 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was purchased at an average price of $18.50 per share, with a total value of $249,750.00. Following the acquisition, the director directly owned 104,120 shares in the company, valued at approximately $1,926,220. The trade was a 14.90% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 100,755 shares of company stock valued at $1,865,332 over the last ninety days. Corporate insiders own 1.44% of the company’s stock.

Simmons First National Stock Performance

Shares of NASDAQ SFNC opened at $18.29 on Friday. The stock has a market cap of $2.65 billion, a PE ratio of -6.24 and a beta of 0.94. The firm has a fifty day moving average price of $19.90 and a 200-day moving average price of $19.33. Simmons First National Corporation has a 1 year low of $17.20 and a 1 year high of $25.95. 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 posted its earnings results on Thursday, October 16th. The bank reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.01). The company had revenue of $232.54 million for the quarter, compared to analysts’ expectations of $103.26 million. Simmons First National had a negative net margin of 29.70% and a positive return on equity of 5.76%. The business’s revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.37 earnings per share. Equities analysts anticipate that Simmons First National Corporation will post 1.66 earnings per share for the current fiscal year.

Simmons First National Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were paid a dividend of $0.2125 per share. This represents a $0.85 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Monday, September 15th. Simmons First National’s dividend payout ratio (DPR) is presently -29.01%.

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.