Thrivent Financial for Lutherans Buys 50,145 Shares of Simmons First National Corporation $SFNC

Thrivent Financial for Lutherans boosted its position in shares of Simmons First National Corporation (NASDAQ:SFNC) by 52.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 146,633 shares of the bank’s stock after acquiring an additional 50,145 shares during the period. Thrivent Financial for Lutherans owned 0.10% of Simmons First National worth $2,811,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SFNC. EverSource Wealth Advisors LLC raised its position in shares of Simmons First National by 197.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,663 shares of the bank’s stock valued at $32,000 after purchasing an additional 1,104 shares during the period. Osaic Holdings Inc. increased its stake in Simmons First National by 32.0% in the 2nd quarter. Osaic Holdings Inc. now owns 2,658 shares of the bank’s stock worth $50,000 after buying an additional 644 shares in the last quarter. GAMMA Investing LLC raised its holdings in Simmons First National by 24.3% during the third quarter. GAMMA Investing LLC now owns 4,260 shares of the bank’s stock valued at $82,000 after acquiring an additional 834 shares during the period. Covestor Ltd lifted its position in shares of Simmons First National by 68.4% in the third quarter. Covestor Ltd now owns 5,938 shares of the bank’s stock valued at $114,000 after acquiring an additional 2,412 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Simmons First National by 42.6% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 7,962 shares of the bank’s stock valued at $153,000 after acquiring an additional 2,378 shares in the last quarter. 27.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. National Bankshares set a $21.00 target price on Simmons First National in a research note on Wednesday, January 21st. Keefe, Bruyette & Woods decreased their price target on shares of Simmons First National from $22.00 to $21.00 and set a “market perform” rating on the stock in a research note on Monday, October 20th. Morgan Stanley increased their price objective on shares of Simmons First National from $22.00 to $23.00 and gave the company an “equal weight” rating in a report on Thursday, January 22nd. Raymond James Financial raised Simmons First National from a “market perform” rating to an “outperform” rating and set a $23.00 price objective on the stock in a report on Thursday, January 22nd. Finally, Robert W. Baird raised shares of Simmons First National from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 19th. Three equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Simmons First National has an average rating of “Moderate Buy” and a consensus price target of $22.43.

Simmons First National Stock Performance

NASDAQ SFNC opened at $21.76 on Tuesday. The company has a market cap of $3.15 billion, a P/E ratio of -7.86 and a beta of 0.93. The business’s 50 day moving average price is $19.60 and its 200-day moving average price is $19.30. Simmons First National Corporation has a fifty-two week low of $17.00 and a fifty-two week high of $23.23. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.88 and a current ratio of 0.88.

Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings data on Tuesday, January 20th. The bank reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. The business had revenue of $249.00 million for the quarter, compared to analysts’ expectations of $238.68 million. Simmons First National had a negative net margin of 27.83% and a positive return on equity of 6.73%. The business’s revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.39 earnings per share. Sell-side analysts predict that Simmons First National Corporation will post 1.66 earnings per share for the current year.

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.