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

BNP Paribas Financial Markets reduced its position in shares of Simmons First National Co. (NASDAQ:SFNC - Free Report) by 33.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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.

Other hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp bought a new stake in Simmons First National in the 4th quarter valued at approximately $29,000. Quarry LP bought a new stake in shares of Simmons First National in the fourth quarter worth $47,000. Smartleaf Asset Management LLC boosted its holdings in Simmons First National by 168.3% during the fourth 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 during the last quarter. Sterling Capital Management LLC grew its position in Simmons First National by 813.8% in the fourth quarter. Sterling Capital Management LLC now owns 3,911 shares of the bank's stock valued at $87,000 after purchasing an additional 3,483 shares in the last quarter. Finally, Aquatic Capital Management LLC acquired a new stake in Simmons First National in the 4th quarter valued at $114,000. 27.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on SFNC shares. Piper Sandler raised shares of 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 report on Monday, April 21st. Stephens reduced their price target on Simmons First National from $27.00 to $25.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Finally, Keefe, Bruyette & Woods lowered their price target on Simmons First National from $23.00 to $21.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st.

Simmons First National Stock Performance

Shares of SFNC traded down $0.04 during midday trading on Thursday, reaching $18.69. The stock had a trading volume of 40,045 shares, compared to its average volume of 630,921. The firm has a market cap of $2.35 billion, a PE ratio of 15.44 and a beta of 0.91. The firm has a 50 day simple moving average of $19.07 and a 200-day simple moving average of $21.39. Simmons First National Co. has a one year low of $16.03 and a one year high of $25.95. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.32.

Simmons First National (NASDAQ:SFNC - Get Free Report) last issued its 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 during 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 quarter last year, the business posted $0.32 earnings per share. As a group, sell-side analysts anticipate that Simmons First National Co. will post 1.66 EPS for the current year.

Simmons First National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors 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 4.55%. The ex-dividend date is Friday, June 13th. Simmons First National's payout ratio is presently 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.