Simmons First National Corporation $SFNC Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC trimmed its holdings in shares of Simmons First National Corporation (NASDAQ:SFNC) by 8.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 233,876 shares of the bank’s stock after selling 22,570 shares during the period. Peregrine Capital Management LLC owned about 0.16% of Simmons First National worth $4,549,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted 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 acquiring an additional 1,104 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Simmons First National by 35.6% in the 4th quarter. Hantz Financial Services Inc. now owns 1,884 shares of the bank’s stock worth $36,000 after acquiring an additional 495 shares during the last quarter. Osaic Holdings Inc. grew its holdings in shares of 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 acquiring an additional 644 shares during the last quarter. Systematic Financial Management LP acquired a new stake in shares of Simmons First National during the fourth quarter worth $66,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Simmons First National during the fourth quarter worth $76,000. Institutional investors and hedge funds own 27.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SFNC. Weiss Ratings upgraded Simmons First National from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, April 24th. DA Davidson restated a “neutral” rating and set a $21.00 price objective on shares of Simmons First National in a report on Friday, April 17th. Stephens upped their price objective on shares of Simmons First National from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. Zacks Research cut shares of Simmons First National from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Finally, Morgan Stanley reissued a “positive” rating on shares of Simmons First National in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

Simmons First National Price Performance

SFNC opened at $23.22 on Thursday. The firm has a market capitalization of $3.37 billion, a P/E ratio of -9.07 and a beta of 0.90. The stock has a fifty day moving average of $21.61 and a 200-day moving average of $20.51. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.22. Simmons First National Corporation has a 12-month low of $17.00 and a 12-month high of $23.37.

Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings results on Thursday, April 16th. The bank reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. The business had revenue of $241.37 million for the quarter, compared to the consensus estimate of $243.02 million. Simmons First National had a positive return on equity of 7.81% and a negative net margin of 25.44%.Simmons First National’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 earnings per share. Equities analysts forecast that Simmons First National Corporation will post 2.08 EPS for the current fiscal year.

Simmons First National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were given a dividend of $0.215 per share. The ex-dividend date was Monday, June 15th. This represents a $0.86 dividend on an annualized basis and a yield of 3.7%. Simmons First National’s dividend payout ratio (DPR) is presently -33.59%.

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.