Simmons First National Co. (NASDAQ:SFNC) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its holdings in shares of Simmons First National Co. (NASDAQ:SFNC - Free Report) by 33.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,692 shares of the bank's stock after selling 13,602 shares during the quarter. BNP Paribas Financial Markets' holdings in Simmons First National were worth $592,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SFNC. Barclays PLC increased 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 buying an additional 140,738 shares during the period. KBC Group NV boosted its stake in Simmons First National by 31.0% in the fourth quarter. KBC Group NV now owns 6,091 shares of the bank's stock valued at $135,000 after acquiring an additional 1,443 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its stake in Simmons First National by 249.7% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 13,598 shares of the bank's stock valued at $302,000 after acquiring an additional 9,710 shares in the last quarter. Empowered Funds LLC boosted its stake in Simmons First National by 5.1% in the fourth quarter. Empowered Funds LLC now owns 356,500 shares of the bank's stock valued at $7,907,000 after acquiring an additional 17,358 shares in the last quarter. Finally, Legato Capital Management LLC boosted its stake in Simmons First National by 4.9% in the fourth quarter. Legato Capital Management LLC now owns 56,476 shares of the bank's stock valued at $1,253,000 after acquiring an additional 2,650 shares in the last quarter. 27.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Simmons First National Stock Performance

Shares of SFNC traded down $0.33 during trading hours on Wednesday, reaching $18.88. 164,921 shares of the company traded hands, compared to its average volume of 613,074. The stock has a market capitalization of $2.38 billion, a P/E ratio of 15.63 and a beta of 0.91. 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 12-month low of $16.03 and a 12-month high of $25.95. The business has a fifty day moving average price of $19.10 and a 200-day moving average price of $21.41.

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 for the quarter, missing analysts' consensus estimates of $0.36 by ($0.10). The company had revenue of $209.58 million for the quarter, compared to analysts' expectations 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 last year, the firm earned $0.32 earnings per share. 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. Stockholders of record on Friday, June 13th will be issued a dividend of $0.2125 per share. This represents a $0.85 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date of this dividend is Friday, June 13th. Simmons First National's dividend payout ratio (DPR) is presently 73.28%.

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.