Cubist Systematic Strategies LLC Has $7.33 Million Holdings in Simmons First National Corporation $SFNC

Key Points

• Cubist Systematic Strategies LLC increased its stake in Simmons First National Corporation by 206.9% during the first quarter, owning approximately $7.33 million worth of shares by the end of the period.
• Simmons First National reported earnings of $0.44 per share for the last quarter, beating estimates, and has projected an EPS of 1.66 for the current year.
• The bank declared a quarterly dividend of $0.2125 per share, representing an annualized dividend yield of 4.1%, which will be paid on October 1st.

Cubist Systematic Strategies LLC lifted its position in Simmons First National Corporation (NASDAQ:SFNC - Free Report) by 206.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 357,165 shares of the bank's stock after buying an additional 240,803 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.28% of Simmons First National worth $7,333,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Cresset Asset Management LLC grew its holdings in shares of Simmons First National by 0.7% during the fourth quarter. Cresset Asset Management LLC now owns 76,711 shares of the bank's stock valued at $1,718,000 after buying an additional 546 shares in the last quarter. Mustard Seed Financial LLC grew its holdings in shares of Simmons First National by 1.9% during the first quarter. Mustard Seed Financial LLC now owns 34,402 shares of the bank's stock valued at $706,000 after buying an additional 656 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of Simmons First National by 5.5% during the first quarter. Cerity Partners LLC now owns 16,058 shares of the bank's stock valued at $330,000 after buying an additional 836 shares in the last quarter. OneDigital Investment Advisors LLC grew its holdings in shares of Simmons First National by 1.6% during the first quarter. OneDigital Investment Advisors LLC now owns 62,588 shares of the bank's stock valued at $1,285,000 after buying an additional 966 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its holdings in shares of Simmons First National by 4.0% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 27,396 shares of the bank's stock valued at $613,000 after buying an additional 1,049 shares in the last quarter. Institutional investors own 27.58% of the company's stock.

Insider Activity

In other Simmons First National news, Director Russell William Teubner bought 9,200 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The stock was purchased at an average price of $18.62 per share, for a total transaction of $171,304.00. Following the purchase, the director directly owned 53,220 shares in the company, valued at $990,956.40. This trade represents a 20.90% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Steenberg Christopher J. Van bought 13,500 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were acquired at an average price of $18.50 per share, with a total value of $249,750.00. Following the purchase, the chief operating officer owned 13,500 shares in the company, valued at $249,750. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 100,755 shares of company stock worth $1,865,332 over the last 90 days. Company insiders own 1.91% of the company's stock.

Simmons First National Stock Down 0.7%

Shares of SFNC traded down $0.15 during trading hours on Monday, hitting $20.73. 76,830 shares of the company were exchanged, compared to its average volume of 843,132. The company has a market cap of $3.00 billion, a PE ratio of 16.33 and a beta of 0.97. The firm's 50 day moving average is $19.95 and its 200-day moving average is $19.58. Simmons First National Corporation has a 52 week low of $17.20 and a 52 week high of $25.95. 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 quarterly earnings results on Thursday, July 17th. The bank reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.04. Simmons First National had a return on equity of 5.23% and a net margin of 11.19%.The company had revenue of $214.18 million during the quarter, compared to the consensus estimate of $217.21 million. During the same quarter in the prior year, the company posted $0.33 EPS. The firm's revenue was up 8.6% on a year-over-year basis. On average, equities research analysts forecast that Simmons First National Corporation will post 1.66 EPS for the current fiscal year.

Simmons First National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be paid a dividend of $0.2125 per share. The ex-dividend date is Monday, September 15th. This represents a $0.85 annualized dividend and a yield of 4.1%. Simmons First National's dividend payout ratio is presently 66.93%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. DA Davidson lifted their price target on Simmons First National from $21.00 to $23.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Zacks Research upgraded Simmons First National from a "hold" rating to a "strong-buy" rating in a report on Monday, August 18th. Keefe, Bruyette & Woods lifted their price target on Simmons First National from $21.00 to $22.00 and gave the company a "market perform" rating in a report on Monday, July 21st. Finally, Wall Street Zen upgraded Simmons First National from a "sell" rating to a "hold" rating in a report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $22.75.

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.