Gilliland Jeter Wealth Management LLC Acquires Shares of 39,692 Simmons First National Co. (NASDAQ:SFNC)

Gilliland Jeter Wealth Management LLC acquired a new stake in Simmons First National Co. (NASDAQ:SFNC) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 39,692 shares of the bank’s stock, valued at approximately $787,000.

Several other institutional investors also recently bought and sold shares of SFNC. GAMMA Investing LLC acquired a new stake in Simmons First National in the fourth quarter valued at approximately $29,000. Briaud Financial Planning Inc acquired a new stake in Simmons First National in the third quarter valued at approximately $81,000. Nisa Investment Advisors LLC grew its holdings in Simmons First National by 1,314.8% in the third quarter. Nisa Investment Advisors LLC now owns 12,875 shares of the bank’s stock valued at $218,000 after purchasing an additional 11,965 shares during the period. QRG Capital Management Inc. purchased a new position in shares of Simmons First National in the third quarter valued at approximately $219,000. Finally, Summit Financial Wealth Advisors LLC lifted its position in shares of Simmons First National by 15.9% in the fourth quarter. Summit Financial Wealth Advisors LLC now owns 11,590 shares of the bank’s stock valued at $230,000 after acquiring an additional 1,590 shares in the last quarter. 27.58% of the stock is owned by institutional investors and hedge funds.

Simmons First National Trading Down 2.0 %

Simmons First National stock traded down $0.35 during trading on Friday, reaching $17.50. 460,816 shares of the company were exchanged, compared to its average volume of 396,748. Simmons First National Co. has a 52-week low of $13.36 and a 52-week high of $20.82. The company has a market capitalization of $2.19 billion, a P/E ratio of 13.16 and a beta of 0.87. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.77 and a quick ratio of 0.77. The stock’s 50 day simple moving average is $18.75 and its two-hundred day simple moving average is $18.00.

Simmons First National (NASDAQ:SFNC) last announced its quarterly earnings data on Wednesday, April 24th. The bank reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates of $0.32. Simmons First National had a return on equity of 5.94% and a net margin of 11.97%. The firm had revenue of $195.10 million for the quarter, compared to the consensus estimate of $202.35 million. During the same quarter last year, the business posted $0.37 earnings per share. The firm’s revenue was down 12.8% compared to the same quarter last year. On average, equities research analysts expect that Simmons First National Co. will post 1.33 earnings per share for the current fiscal year.

Simmons First National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.84 dividend on an annualized basis and a yield of 4.80%. Simmons First National’s payout ratio is 63.16%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SFNC. Stephens decreased their target price on Simmons First National from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Thursday. StockNews.com downgraded Simmons First National from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Keefe, Bruyette & Woods decreased their target price on Simmons First National from $21.00 to $20.00 and set a “market perform” rating on the stock in a research report on Thursday. Finally, Robert W. Baird raised their target price on Simmons First National from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, January 25th. One analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $21.00.

Simmons First National Company Profile

Simmons First National Corporation operates as the holding company for Simmons Bank that provides banking and other financial products and services to individuals and businesses. The company offers checking, savings, and time deposits; consumer, real estate, and commercial loans; agricultural finance, equipment, and small business administration lending; trust and fiduciary services; credit cards; investment management products; treasury management; insurance products; and securities and investment services.