Cubist Systematic Strategies LLC Acquires Shares of 116,362 Simmons First National Co. (NASDAQ:SFNC)

Cubist Systematic Strategies LLC purchased a new position in shares of Simmons First National Co. (NASDAQ:SFNC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 116,362 shares of the bank's stock, valued at approximately $2,581,000. Cubist Systematic Strategies LLC owned approximately 0.09% of Simmons First National as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in SFNC. Barclays PLC raised its stake in shares of Simmons First National by 131.4% during the third quarter. Barclays PLC now owns 247,821 shares of the bank's stock worth $5,337,000 after acquiring an additional 140,738 shares in the last quarter. Franklin Resources Inc. purchased a new position in shares of Simmons First National during the third quarter worth approximately $1,339,000. Principal Financial Group Inc. raised its stake in shares of Simmons First National by 4.4% during the third quarter. Principal Financial Group Inc. now owns 646,325 shares of the bank's stock worth $13,922,000 after acquiring an additional 27,479 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Simmons First National by 33.8% during the third quarter. JPMorgan Chase & Co. now owns 676,171 shares of the bank's stock worth $14,565,000 after acquiring an additional 170,821 shares in the last quarter. Finally, M.E. Allison & CO. Inc. purchased a new position in shares of Simmons First National during the fourth quarter worth approximately $889,000. 27.58% of the stock is owned by hedge funds and other institutional investors.

Simmons First National Trading Down 0.2%

Shares of NASDAQ SFNC traded down $0.03 during mid-day trading on Friday, hitting $19.96. The stock had a trading volume of 186,352 shares, compared to its average volume of 611,342. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.79 and a current ratio of 0.79. Simmons First National Co. has a 1 year low of $16.03 and a 1 year high of $25.95. The business has a 50 day moving average price of $19.27 and a two-hundred day moving average price of $21.68. The firm has a market cap of $2.51 billion, a P/E ratio of 16.50 and a beta of 0.91.

Simmons First National (NASDAQ:SFNC - Get Free Report) last issued its earnings results on Wednesday, April 16th. The bank reported $0.26 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.10). The firm had revenue of $209.58 million during the quarter, compared to analysts' expectations of $209.00 million. Simmons First National had a return on equity of 5.10% and a net margin of 10.46%. During the same period in the previous year, the firm earned $0.32 earnings per share. On average, equities analysts anticipate that Simmons First National Co. will post 1.66 EPS for the current fiscal year.

Simmons First National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders 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 yield of 4.26%. The ex-dividend date of this dividend is Friday, June 13th. Simmons First National's payout ratio is currently 73.28%.

Analyst Upgrades and Downgrades

SFNC has been the topic of several research reports. Keefe, Bruyette & Woods decreased their price target on shares of Simmons First National from $23.00 to $21.00 and set a "market perform" rating on the stock in a research note on Monday, April 21st. Piper Sandler raised shares of Simmons First National from an "underweight" rating to a "neutral" rating and lifted their target price for the stock from $20.00 to $21.00 in a research note on Monday, April 21st. Finally, Stephens decreased their target price on shares of Simmons First National from $27.00 to $25.00 and set an "overweight" rating on the stock 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.