Cetera Investment Advisers Raises Holdings in Simmons First National Co. (NASDAQ:SFNC)

Cetera Investment Advisers raised its position in Simmons First National Co. (NASDAQ:SFNC - Free Report) by 31.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,909 shares of the bank's stock after buying an additional 18,110 shares during the quarter. Cetera Investment Advisers owned about 0.06% of Simmons First National worth $1,684,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Simmons First National during the 4th quarter valued at $27,095,000. Rhino Investment Partners Inc bought a new stake in shares of Simmons First National during the 4th quarter valued at $19,531,000. Vanguard Group Inc. raised its stake in shares of Simmons First National by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 14,866,647 shares of the bank's stock valued at $329,742,000 after purchasing an additional 630,376 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Simmons First National by 49.6% during the 4th quarter. JPMorgan Chase & Co. now owns 1,011,431 shares of the bank's stock valued at $22,434,000 after purchasing an additional 335,260 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Simmons First National by 71.2% during the 4th quarter. Invesco Ltd. now owns 631,203 shares of the bank's stock valued at $14,000,000 after purchasing an additional 262,529 shares during the period. 27.58% of the stock is currently owned by institutional investors.

Simmons First National Price Performance

Simmons First National stock traded down $0.09 during midday trading on Monday, hitting $18.80. 510,322 shares of the company's stock were exchanged, compared to its average volume of 615,619. Simmons First National Co. has a 52-week low of $16.03 and a 52-week high of $25.95. The stock has a 50-day moving average price of $19.13 and a two-hundred day moving average price of $21.43. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market cap of $2.37 billion, a P/E ratio of 15.54 and a beta of 0.91.

Simmons First National (NASDAQ:SFNC - Get Free Report) last posted its earnings results on Wednesday, April 16th. The bank reported $0.26 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.10). Simmons First National had a return on equity of 5.10% and a net margin of 10.46%. The business had revenue of $209.58 million for the quarter, compared to analysts' expectations of $209.00 million. During the same quarter in the previous year, the firm earned $0.32 earnings per share. On average, equities research analysts forecast that Simmons First National Co. will post 1.66 earnings per share for the current year.

Simmons First National Announces Dividend

The company 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 $0.2125 dividend. This represents a $0.85 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date of this dividend is Friday, June 13th. Simmons First National's payout ratio is currently 73.28%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SFNC shares. Keefe, Bruyette & Woods decreased their price objective on 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. Stephens reduced their target price 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, Piper Sandler upgraded Simmons First National from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $20.00 to $21.00 in a research report on Monday, April 21st.

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.