NewEdge Advisors LLC Acquires 26,250 Shares of Simmons First National Corporation $SFNC

NewEdge Advisors LLC increased its holdings in Simmons First National Corporation (NASDAQ:SFNC) by 137.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 45,329 shares of the bank’s stock after purchasing an additional 26,250 shares during the period. NewEdge Advisors LLC’s holdings in Simmons First National were worth $882,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. increased its holdings in Simmons First National by 156.0% in the first quarter. Bessemer Group Inc. now owns 1,518 shares of the bank’s stock valued at $29,000 after purchasing an additional 925 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Simmons First National by 197.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,663 shares of the bank’s stock worth $32,000 after buying an additional 1,104 shares during the period. Hantz Financial Services Inc. grew its position 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 valued at $36,000 after buying an additional 495 shares during the last quarter. Osaic Holdings Inc. grew its position 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 valued at $50,000 after buying an additional 644 shares during the last quarter. Finally, Systematic Financial Management LP acquired a new stake in shares of Simmons First National in the fourth quarter valued at about $66,000. Institutional investors own 27.58% of the company’s stock.

Wall Street Analyst Weigh In

SFNC has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Simmons First National in a research report on Tuesday, July 21st. Morgan Stanley restated a “positive” rating on shares of Simmons First National in a report on Monday, June 29th. Raymond James Financial restated an “outperform” rating and issued a $25.00 price target on shares of Simmons First National in a research report on Friday, July 17th. DA Davidson reaffirmed a “neutral” rating and issued a $23.00 price objective on shares of Simmons First National in a research note on Friday, July 17th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Simmons First National from $24.00 to $25.00 and gave the stock a “market perform” rating in a research report on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $24.50.

Simmons First National Stock Performance

NASDAQ:SFNC opened at $23.68 on Wednesday. The company has a fifty day moving average of $22.99 and a 200-day moving average of $21.44. The firm has a market capitalization of $3.42 billion, a P/E ratio of -9.36 and a beta of 0.91. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.36. Simmons First National Corporation has a twelve month low of $17.00 and a twelve month high of $24.32.

Simmons First National (NASDAQ:SFNC) last issued its earnings results on Thursday, July 16th. The bank reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03). Simmons First National had a positive return on equity of 8.32% and a negative net margin of 24.64%.The firm’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 EPS. As a group, sell-side analysts anticipate that Simmons First National Corporation will post 2.05 EPS for the current year.

Simmons First National Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 15th were paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Monday, June 15th. Simmons First National’s dividend payout ratio is -33.99%.

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.