Occudo Quantitative Strategies LP Acquires New Holdings in Simmons First National Co. (NASDAQ:SFNC)

Occudo Quantitative Strategies LP acquired a new stake in Simmons First National Co. (NASDAQ:SFNC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 19,133 shares of the bank's stock, valued at approximately $424,000.

Other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Simmons First National in the fourth quarter valued at $27,095,000. Rhino Investment Partners Inc purchased a new position in Simmons First National in the 4th quarter valued at about $19,531,000. Vanguard Group Inc. boosted its position in Simmons First National by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 14,866,647 shares of the bank's stock valued at $329,742,000 after buying an additional 630,376 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Simmons First National by 49.6% during the fourth quarter. JPMorgan Chase & Co. now owns 1,011,431 shares of the bank's stock valued at $22,434,000 after acquiring an additional 335,260 shares in the last quarter. Finally, FJ Capital Management LLC increased its position in shares of Simmons First National by 35.1% during the fourth quarter. FJ Capital Management LLC now owns 1,104,008 shares of the bank's stock worth $24,487,000 after acquiring an additional 286,622 shares during the last quarter. Hedge funds and other institutional investors own 27.58% of the company's stock.

Simmons First National Stock Performance

NASDAQ:SFNC traded down $0.36 during trading hours on Wednesday, reaching $19.32. 111,235 shares of the stock were exchanged, compared to its average volume of 611,139. The stock has a market capitalization of $2.43 billion, a P/E ratio of 15.98 and a beta of 0.91. The firm has a 50 day simple moving average of $19.27 and a 200-day simple moving average of $21.61. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.32. Simmons First National Co. has a 52 week low of $16.03 and a 52 week high of $25.95.

Simmons First National (NASDAQ:SFNC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The bank reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.10). The firm had revenue of $209.58 million for the quarter, compared to analyst estimates of $209.00 million. Simmons First National had a net margin of 10.46% and a return on equity of 5.10%. During the same period in the prior year, the company posted $0.32 earnings per share. As a group, sell-side analysts forecast that Simmons First National Co. will post 1.66 earnings per share for the current fiscal year.

Simmons First National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a dividend of $0.2125 per share. This represents a $0.85 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date of this dividend is Friday, June 13th. Simmons First National's dividend payout ratio is presently 73.28%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SFNC shares. Piper Sandler raised Simmons First National from an "underweight" rating to a "neutral" rating and increased their price target for the company from $20.00 to $21.00 in a report on Monday, April 21st. Keefe, Bruyette & Woods reduced their target price on Simmons First National from $23.00 to $21.00 and set a "market perform" rating for the company in a research note on Monday, April 21st. Finally, Stephens dropped their price target on shares of Simmons First National from $27.00 to $25.00 and set an "overweight" rating for the company in a research note on Monday, April 21st.

About Simmons First National

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.