Y Intercept Hong Kong Ltd Has $628,000 Holdings in Simmons First National Corporation $SFNC

Y Intercept Hong Kong Ltd raised its position in shares of Simmons First National Corporation (NASDAQ:SFNC) by 57.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 33,146 shares of the bank’s stock after purchasing an additional 12,037 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Simmons First National were worth $628,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its holdings in shares of Simmons First National by 8.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 21,068 shares of the bank’s stock worth $399,000 after buying an additional 1,578 shares in the last quarter. MQS Management LLC boosted its holdings in shares of Simmons First National by 33.7% during the 2nd quarter. MQS Management LLC now owns 20,379 shares of the bank’s stock worth $386,000 after buying an additional 5,137 shares in the last quarter. Connors Investor Services Inc. boosted its holdings in shares of Simmons First National by 29.5% during the 2nd quarter. Connors Investor Services Inc. now owns 133,504 shares of the bank’s stock worth $2,531,000 after buying an additional 30,404 shares in the last quarter. Tweedy Browne Co LLC bought a new position in shares of Simmons First National during the 2nd quarter worth approximately $388,000. Finally, Jag Capital Management LLC boosted its holdings in shares of Simmons First National by 1.0% during the 2nd quarter. Jag Capital Management LLC now owns 122,821 shares of the bank’s stock worth $2,329,000 after buying an additional 1,274 shares in the last quarter. 27.58% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Simmons First National

In related news, Director Steven A. Cosse acquired 8,603 shares of the company’s stock in a transaction on Thursday, October 30th. The shares were acquired at an average cost of $17.44 per share, for a total transaction of $150,036.32. Following the purchase, the director owned 113,652 shares in the company, valued at approximately $1,982,090.88. The trade was a 8.19% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP David W. Garner acquired 3,000 shares of the company’s stock in a transaction on Wednesday, October 22nd. The shares were bought at an average price of $17.66 per share, for a total transaction of $52,980.00. Following the completion of the purchase, the executive vice president owned 72,345 shares in the company, valued at approximately $1,277,612.70. This represents a 4.33% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.91% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Zacks Research cut Simmons First National from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Keefe, Bruyette & Woods cut their price target on Simmons First National from $22.00 to $21.00 and set a “market perform” rating on the stock in a report on Monday, October 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Simmons First National in a report on Wednesday, October 8th. Wall Street Zen upgraded Simmons First National from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Finally, Morgan Stanley initiated coverage on Simmons First National in a report on Tuesday, October 28th. They issued a “positive” rating and a $22.00 target price on the stock. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $22.33.

Simmons First National Price Performance

Shares of NASDAQ:SFNC opened at $17.69 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.20. The stock’s fifty day simple moving average is $19.27 and its two-hundred day simple moving average is $19.30. Simmons First National Corporation has a 1-year low of $17.00 and a 1-year high of $25.95. The stock has a market cap of $2.56 billion, a PE ratio of -6.04 and a beta of 0.97.

Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings data 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). Simmons First National had a negative net margin of 29.70% and a positive return on equity of 5.84%. The company had revenue of $232.54 million for the quarter, compared to the consensus estimate of $103.26 million. During the same quarter last year, the business posted $0.37 earnings per share. Simmons First National’s revenue was up 14.4% on a year-over-year basis. As a group, analysts forecast that Simmons First National Corporation will post 1.66 EPS for the current fiscal year.

Simmons First National Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were paid a dividend of $0.2125 per share. The ex-dividend date was Monday, September 15th. This represents a $0.85 annualized dividend and a yield of 4.8%. Simmons First National’s dividend payout ratio (DPR) is -29.01%.

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.