BNP Paribas Financial Markets Has $592,000 Stake in Simmons First National Co. (NASDAQ:SFNC)

BNP Paribas Financial Markets lowered its holdings in Simmons First National Co. (NASDAQ:SFNC - Free Report) by 33.8% in the fourth quarter, according to its most recent 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 period. BNP Paribas Financial Markets' holdings in Simmons First National were worth $592,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SFNC. Jones Financial Companies Lllp acquired a new stake in shares of Simmons First National in the fourth quarter valued at approximately $29,000. Quarry LP bought a new stake in shares of Simmons First National during the 4th quarter valued at $47,000. Smartleaf Asset Management LLC grew its holdings in shares of Simmons First National by 168.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,144 shares of the bank's stock worth $48,000 after purchasing an additional 1,345 shares in the last quarter. Sterling Capital Management LLC grew its holdings in shares of Simmons First National by 813.8% during the 4th quarter. Sterling Capital Management LLC now owns 3,911 shares of the bank's stock worth $87,000 after purchasing an additional 3,483 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new position in shares of Simmons First National in the fourth quarter worth $114,000. Institutional investors and hedge funds own 27.58% of the company's stock.

Simmons First National Price Performance

Shares of Simmons First National stock traded up $0.41 during trading on Tuesday, reaching $19.21. 417,547 shares of the company's stock were exchanged, compared to its average volume of 614,826. 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 company has a market cap of $2.42 billion, a P/E ratio of 15.88 and a beta of 0.91. The firm's 50-day moving average price is $19.13 and its 200 day moving average price is $21.43.

Simmons First National (NASDAQ:SFNC - Get Free Report) last released its earnings results on Wednesday, April 16th. The bank reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.10). The business had revenue of $209.58 million during the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm earned $0.32 EPS. As a group, research analysts anticipate that Simmons First National Co. will post 1.66 earnings per share for the current year.

Simmons First National Announces Dividend

The business 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 yield of 4.42%. The ex-dividend date is Friday, June 13th. Simmons First National's dividend payout ratio is 73.28%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Piper Sandler raised Simmons First National from an "underweight" rating to a "neutral" rating and boosted their price target for the company from $20.00 to $21.00 in a research note on Monday, April 21st. 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 report on Monday, April 21st. Finally, Keefe, Bruyette & Woods dropped 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 report on Monday, April 21st.

Simmons First National 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.