Simmons First National Corporation $SFNC Stock Position Raised by Burney Co.

Burney Co. grew its position in Simmons First National Corporation (NASDAQ:SFNC) by 22.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 261,687 shares of the bank’s stock after purchasing an additional 47,248 shares during the period. Burney Co. owned approximately 0.18% of Simmons First National worth $4,933,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in Simmons First National by 197.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,663 shares of the bank’s stock worth $32,000 after purchasing an additional 1,104 shares during the last quarter. Jones Financial Companies Lllp grew its position in Simmons First National by 42.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,175 shares of the bank’s stock worth $43,000 after purchasing an additional 649 shares during the last quarter. Osaic Holdings Inc. grew its position 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 purchasing an additional 644 shares during the last quarter. GAMMA Investing LLC grew its position in Simmons First National by 24.3% in 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 grew its position in Simmons First National by 68.4% in the 3rd quarter. Covestor Ltd now owns 5,938 shares of the bank’s stock worth $114,000 after purchasing an additional 2,412 shares during the last quarter. Institutional investors own 27.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. National Bank Financial set a $21.00 target price on shares of Simmons First National in a research report on Wednesday, January 21st. Raymond James Financial upgraded shares of Simmons First National from a “market perform” rating to an “outperform” rating and set a $23.00 target price for the company in a research report on Thursday, January 22nd. Morgan Stanley decreased their target price on shares of Simmons First National from $23.00 to $21.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 31st. Zacks Research cut shares of Simmons First National from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Simmons First National in a research note on Friday, March 27th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.14.

Simmons First National Stock Performance

Shares of NASDAQ:SFNC opened at $20.50 on Monday. The company has a 50 day moving average of $20.14 and a 200-day moving average of $19.29. The firm has a market cap of $2.97 billion, a P/E ratio of -7.40 and a beta of 0.89. Simmons First National Corporation has a twelve month low of $17.00 and a twelve month high of $22.17. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.18.

Simmons First National (NASDAQ:SFNC) last issued 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. The company had revenue of $249.00 million during the quarter, compared to analyst estimates 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 for the quarter was up 19.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 EPS. As a group, analysts anticipate that Simmons First National Corporation will post 1.66 earnings per share for the current fiscal year.

Simmons First National announced that its Board of Directors has authorized a share repurchase program on Tuesday, February 17th that authorizes the company to repurchase $175.00 million in shares. This repurchase authorization authorizes the bank to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Simmons First National Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th were paid a $0.215 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.2%. This is an increase from Simmons First National’s previous quarterly dividend of $0.21. Simmons First National’s dividend payout ratio (DPR) is currently -31.05%.

About Simmons First National

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.