Caxton Associates LLP bought a new position in shares of Simmons First National Corporation (NASDAQ:SFNC - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 16,792 shares of the bank's stock, valued at approximately $345,000.
Several other large investors have also recently bought and sold shares of the company. Cetera Investment Advisers increased its stake in Simmons First National by 31.3% in the 4th quarter. Cetera Investment Advisers now owns 75,909 shares of the bank's stock worth $1,684,000 after acquiring an additional 18,110 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Simmons First National by 51.1% in the 4th quarter. Deutsche Bank AG now owns 107,976 shares of the bank's stock valued at $2,395,000 after purchasing an additional 36,512 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of Simmons First National in the 4th quarter valued at $462,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Simmons First National by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,640 shares of the bank's stock valued at $1,567,000 after purchasing an additional 2,678 shares in the last quarter. Finally, Occudo Quantitative Strategies LP purchased a new position in shares of Simmons First National in the fourth quarter worth $424,000. 27.58% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on SFNC shares. Zacks Research raised Simmons First National from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 18th. Keefe, Bruyette & Woods boosted their target price on Simmons First National from $21.00 to $22.00 and gave the company a "market perform" rating in a research note on Monday, July 21st. DA Davidson boosted their target price on Simmons First National from $21.00 to $23.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Wall Street Zen raised Simmons First National from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $22.75.
Check Out Our Latest Analysis on SFNC
Insider Activity
In related news, COO Steenberg Christopher J. Van bought 13,500 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The stock was purchased at an average price of $18.50 per share, for a total transaction of $249,750.00. Following the completion of the transaction, the chief operating officer owned 13,500 shares in the company, valued at $249,750. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Steven A. Cosse purchased 13,500 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The shares were purchased at an average cost of $18.50 per share, with a total value of $249,750.00. Following the completion of the purchase, the director owned 104,120 shares of the company's stock, valued at $1,926,220. The trade was a 14.90% increase in their position. The disclosure for this purchase can be found here. Insiders bought 100,755 shares of company stock valued at $1,865,332 over the last three months. Corporate insiders own 1.44% of the company's stock.
Simmons First National Price Performance
SFNC stock opened at $20.48 on Friday. The firm has a 50 day moving average price of $20.02 and a 200-day moving average price of $19.57. Simmons First National Corporation has a 52-week low of $17.20 and a 52-week high of $25.95. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 16.13 and a beta of 0.97. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.80 and a current ratio of 0.80.
Simmons First National (NASDAQ:SFNC - Get Free Report) last released its earnings results on Thursday, July 17th. The bank reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. The firm had revenue of $214.18 million during the quarter, compared to analyst estimates of $217.21 million. Simmons First National had a net margin of 11.19% and a return on equity of 5.23%. The business's revenue was up 8.6% on a year-over-year basis. During the same period last year, the business earned $0.33 earnings per share. Equities research analysts forecast that Simmons First National Corporation 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 Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a dividend of $0.2125 per share. This represents a $0.85 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Monday, September 15th. Simmons First National's payout ratio is presently 66.93%.
About Simmons First National
(
Free Report)
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.
Further Reading
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