Ameriprise Financial Inc. Sells 23,627 Shares of Simmons First National Co. (NASDAQ:SFNC)

Ameriprise Financial Inc. lowered its position in Simmons First National Co. (NASDAQ:SFNC - Free Report) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 370,511 shares of the bank's stock after selling 23,627 shares during the period. Ameriprise Financial Inc. owned 0.30% of Simmons First National worth $8,220,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in Simmons First National by 131.4% during the third quarter. Barclays PLC now owns 247,821 shares of the bank's stock valued at $5,337,000 after purchasing an additional 140,738 shares during the last quarter. KBC Group NV grew its holdings in Simmons First National by 31.0% during the fourth quarter. KBC Group NV now owns 6,091 shares of the bank's stock valued at $135,000 after purchasing an additional 1,443 shares during the last quarter. Farmers & Merchants Investments Inc. grew its holdings in Simmons First National by 249.7% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 13,598 shares of the bank's stock valued at $302,000 after purchasing an additional 9,710 shares during the last quarter. Empowered Funds LLC grew its holdings in Simmons First National by 5.1% during the fourth quarter. Empowered Funds LLC now owns 356,500 shares of the bank's stock valued at $7,907,000 after purchasing an additional 17,358 shares during the last quarter. Finally, Legato Capital Management LLC grew its holdings in Simmons First National by 4.9% during the fourth quarter. Legato Capital Management LLC now owns 56,476 shares of the bank's stock valued at $1,253,000 after purchasing an additional 2,650 shares during the last quarter. Institutional investors and hedge funds own 27.58% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Stephens lowered their price target on Simmons First National from $27.00 to $25.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Piper Sandler upgraded shares of Simmons First National from an "underweight" rating to a "neutral" rating and raised their price objective for the stock from $20.00 to $21.00 in a research note on Monday, April 21st. Finally, Keefe, Bruyette & Woods lowered their price objective 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.

Simmons First National Stock Performance

Shares of Simmons First National stock traded up $0.41 during midday trading on Tuesday, hitting $19.21. The company had a trading volume of 417,547 shares, compared to its average volume of 614,826. The business's 50 day simple moving average is $19.10 and its two-hundred day simple moving average is $21.41. The stock has a market cap of $2.42 billion, a PE ratio of 15.88 and a beta of 0.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.79 and a quick ratio of 0.79. Simmons First National Co. has a 1-year low of $16.03 and a 1-year high of $25.95.

Simmons First National (NASDAQ:SFNC - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $209.58 million during the quarter, compared to analyst estimates 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 quarter in the previous year, the business posted $0.32 EPS. As a group, equities analysts predict that Simmons First National Co. will post 1.66 EPS for the current fiscal year.

Simmons First National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a $0.2125 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.85 annualized dividend and a yield of 4.42%. Simmons First National's dividend payout ratio (DPR) is currently 73.28%.

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.