Jackson Creek Investment Advisors LLC Takes $1.71 Million Position in Simmons First National Corporation $SFNC

Jackson Creek Investment Advisors LLC acquired a new stake in Simmons First National Corporation (NASDAQ:SFNC) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 89,234 shares of the bank’s stock, valued at approximately $1,711,000. Jackson Creek Investment Advisors LLC owned about 0.06% of Simmons First National at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its stake in shares of Simmons First National by 197.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,663 shares of the bank’s stock valued at $32,000 after acquiring an additional 1,104 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Simmons First National by 42.5% in the third quarter. Jones Financial Companies Lllp now owns 2,175 shares of the bank’s stock valued at $43,000 after purchasing an additional 649 shares during the period. Osaic Holdings Inc. increased its holdings in Simmons First National by 32.0% in the second quarter. Osaic Holdings Inc. now owns 2,658 shares of the bank’s stock valued at $50,000 after purchasing an additional 644 shares during the period. GAMMA Investing LLC raised its position in Simmons First National by 24.3% during the 3rd quarter. GAMMA Investing LLC now owns 4,260 shares of the bank’s stock worth $82,000 after purchasing an additional 834 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in Simmons First National by 68.4% during the 3rd quarter. Covestor Ltd now owns 5,938 shares of the bank’s stock worth $114,000 after buying an additional 2,412 shares during the period. 27.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SFNC has been the subject of a number of analyst reports. Robert W. Baird upgraded Simmons First National from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 19th. Wall Street Zen upgraded shares of Simmons First National from a “sell” rating to a “hold” rating in a report on Monday, January 26th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Simmons First National in a research note on Monday, December 29th. National Bankshares set a $21.00 target price on shares of Simmons First National in a research note on Wednesday, January 21st. Finally, Zacks Research upgraded shares of Simmons First National from a “hold” rating to a “strong-buy” rating in a report on Friday, January 23rd. Three analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $22.43.

Simmons First National Price Performance

SFNC stock opened at $20.58 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.88 and a quick ratio of 0.88. The company’s 50-day moving average is $19.32 and its 200-day moving average is $19.25. The stock has a market capitalization of $2.98 billion, a PE ratio of -7.43 and a beta of 0.93. Simmons First National Corporation has a 1 year low of $17.00 and a 1 year high of $23.44.

Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings results on Tuesday, January 20th. The bank reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. Simmons First National had a positive return on equity of 6.73% and a negative net margin of 27.83%.The business had revenue of $249.00 million for the quarter, compared to the consensus estimate of $238.68 million. During the same period in the prior year, the business earned $0.39 EPS. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. Equities research analysts expect that Simmons First National Corporation will post 1.66 EPS for the current fiscal year.

Simmons First National Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 15th were given a $0.2125 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.85 annualized dividend and a yield of 4.1%. Simmons First National’s dividend payout ratio (DPR) is presently -30.69%.

Simmons First National Profile

Simmons First National Corporation (NASDAQ:SFNC) is a bank holding company headquartered in Pine Bluff, Arkansas. Through its primary operating subsidiary, Simmons Bank, the company maintains a network of more than 200 branches across Arkansas, Tennessee, Missouri, Mississippi, Texas, Oklahoma and North Carolina. Simmons First National offers a full suite of financial services to individuals, small businesses and commercial clients, emphasizing relationship-driven community banking.

The company’s core business activities span deposit-taking, lending and payment services.