Xact Kapitalforvaltning AB Has $327,000 Stake in Simmons First National Co. (NASDAQ:SFNC)
Xact Kapitalforvaltning AB trimmed its holdings in shares of Simmons First National Co. (NASDAQ:SFNC) by 28.8% in the first quarter, HoldingsChannel.com reports. The fund owned 13,360 shares of the bank’s stock after selling 5,400 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Simmons First National were worth $327,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in SFNC. Pearl River Capital LLC bought a new position in Simmons First National during the 4th quarter valued at about $27,000. Versant Capital Management Inc lifted its holdings in Simmons First National by 56.6% during the 1st quarter. Versant Capital Management Inc now owns 1,895 shares of the bank’s stock valued at $46,000 after purchasing an additional 685 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Simmons First National during the 1st quarter valued at about $89,000. PNC Financial Services Group Inc. lifted its holdings in Simmons First National by 61.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,098 shares of the bank’s stock valued at $99,000 after purchasing an additional 1,556 shares during the last quarter. Finally, HAP Trading LLC bought a new position in Simmons First National during the 4th quarter valued at about $256,000. 20.92% of the stock is owned by institutional investors.
In related news, EVP Patrick A. Burrow bought 1,000 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was bought at an average cost of $25.30 per share, with a total value of $25,300.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George Makris, Jr. bought 5,000 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was bought at an average cost of $24.39 per share, with a total value of $121,950.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 7,000 shares of company stock valued at $171,860. Insiders own 2.02% of the company’s stock.
Shares of NASDAQ SFNC opened at $23.37 on Friday. Simmons First National Co. has a 1-year low of $22.64 and a 1-year high of $32.45. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 10.02 and a beta of 1.08. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.66.
Simmons First National (NASDAQ:SFNC) last announced its earnings results on Monday, April 22nd. The bank reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.02). Simmons First National had a return on equity of 9.76% and a net margin of 25.17%. The company had revenue of $170.79 million during the quarter, compared to the consensus estimate of $171.00 million. On average, equities research analysts anticipate that Simmons First National Co. will post 2.39 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, June 17th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, June 14th. Simmons First National’s dividend payout ratio is presently 27.00%.
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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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