Simmons First National Co. (SFNC) Position Boosted by Oberweis Asset Management Inc.
Oberweis Asset Management Inc. increased its position in shares of Simmons First National Co. (NASDAQ:SFNC) by 1.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 40,330 shares of the bank’s stock after purchasing an additional 700 shares during the period. Oberweis Asset Management Inc.’s holdings in Simmons First National were worth $973,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of SFNC. BlackRock Inc. increased its holdings in Simmons First National by 14.1% during the third quarter. BlackRock Inc. now owns 13,170,435 shares of the bank’s stock worth $387,870,000 after buying an additional 1,631,285 shares during the last quarter. Oregon Public Employees Retirement Fund acquired a new position in Simmons First National during the fourth quarter worth $35,000. WINTON GROUP Ltd acquired a new position in Simmons First National during the fourth quarter worth $9,186,000. Vanguard Group Inc increased its holdings in Simmons First National by 3.6% during the third quarter. Vanguard Group Inc now owns 8,225,217 shares of the bank’s stock worth $242,234,000 after buying an additional 289,561 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Simmons First National by 3.6% during the third quarter. Vanguard Group Inc. now owns 8,225,217 shares of the bank’s stock worth $242,234,000 after buying an additional 289,561 shares during the last quarter. Institutional investors and hedge funds own 22.74% of the company’s stock.
In other Simmons First National news, CEO George Makris, Jr. bought 10,000 shares of Simmons First National stock in a transaction dated Wednesday, January 30th. The stock was bought at an average price of $24.85 per share, with a total value of $248,500.00. Following the completion of the transaction, the chief executive officer now owns 220,766 shares in the company, valued at approximately $5,486,035.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.76% of the company’s stock.
Simmons First National (NASDAQ:SFNC) last announced its earnings results on Tuesday, January 22nd. The bank reported $0.61 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.61. The company had revenue of $172.37 million during the quarter, compared to analysts’ expectations of $177.84 million. Simmons First National had a net margin of 26.16% and a return on equity of 10.14%. As a group, analysts anticipate that Simmons First National Co. will post 2.46 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 15th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Thursday, March 14th. This is a boost from Simmons First National’s previous quarterly dividend of $0.15. Simmons First National’s payout ratio is presently 25.32%.
A number of equities analysts recently weighed in on the stock. DA Davidson started coverage on shares of Simmons First National in a report on Friday. They set a “buy” rating and a $31.00 target price on the stock. BidaskClub downgraded shares of Simmons First National from a “hold” rating to a “sell” rating in a report on Friday. Zacks Investment Research downgraded shares of Simmons First National from a “buy” rating to a “hold” rating in a report on Wednesday, December 19th. ValuEngine upgraded shares of Simmons First National from a “strong sell” rating to a “sell” rating in a report on Friday, February 8th. Finally, Stephens set a $32.00 price objective on shares of Simmons First National and gave the company a “buy” rating in a report on Friday, November 16th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Simmons First National has a consensus rating of “Hold” and a consensus target price of $31.50.
About Simmons First National
Simmons First National Corporation operates as the holding company for Simmons Bank that provides financial products and services to individuals and businesses. It offers checking, savings, and time deposits; loan products, including consumer, real estate, commercial, agricultural, equipment, and SBA lending; personal and corporate trust services; credit cards; investment management products; insurance products; and securities and investment services.
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