Fox Run Management L.L.C. Takes $457,000 Position in Simmons First National Corporation $SFNC

Key Points

• Fox Run Management L.L.C. has acquired a new stake in Simmons First National Corporation worth approximately $457,000, consisting of 22,264 shares.
• Insider transactions include COO Christopher J. Van buying 13,500 shares valued at $249,750, while Director Russell William Teubner purchased 9,200 shares worth $171,304, indicating confidence in the company's performance.
• The company recently reported earnings per share of $0.44, exceeding analysts' expectations, and its stock has a current price target range between $21.00 and $23.00 from various analysts.

Fox Run Management L.L.C. acquired a new stake in Simmons First National Corporation (NASDAQ:SFNC - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 22,264 shares of the bank's stock, valued at approximately $457,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SFNC. Point72 Asia Singapore Pte. Ltd. acquired a new position in Simmons First National during the fourth quarter worth $36,000. Quarry LP acquired a new position in Simmons First National during the fourth quarter worth $47,000. SouthState Corp acquired a new position in Simmons First National during the first quarter worth $71,000. Sterling Capital Management LLC increased its holdings in Simmons First National by 813.8% during the fourth quarter. Sterling Capital Management LLC now owns 3,911 shares of the bank's stock worth $87,000 after buying an additional 3,483 shares during the last quarter. Finally, CWM LLC increased its holdings in Simmons First National by 99.0% during the first quarter. CWM LLC now owns 4,625 shares of the bank's stock worth $95,000 after buying an additional 2,301 shares during the last quarter. 27.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Simmons First National news, COO Steenberg Christopher J. Van bought 13,500 shares of Simmons First National stock in a transaction dated Wednesday, July 23rd. The stock was bought at an average price of $18.50 per share, with a total value 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Russell William Teubner bought 9,200 shares of Simmons First National stock in a transaction dated Thursday, August 7th. The stock was acquired at an average cost of $18.62 per share, with a total value of $171,304.00. Following the transaction, the director owned 53,220 shares of the company's stock, valued at $990,956.40. This trade represents a 20.90% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 100,755 shares of company stock valued at $1,865,332 in the last 90 days. 1.91% of the stock is currently owned by corporate insiders.

Simmons First National Trading Up 0.6%

Shares of Simmons First National stock opened at $19.95 on Tuesday. The firm has a 50-day moving average of $19.38 and a 200-day moving average of $19.78. The stock has a market cap of $2.89 billion, a PE ratio of 15.71 and a beta of 0.95. 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 announced its earnings results on Thursday, July 17th. The bank reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.04. The company had revenue of $214.18 million during the quarter, compared to analysts' expectations of $217.21 million. Simmons First National had a net margin of 11.19% and a return on equity of 5.23%. Simmons First National's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.33 earnings per share. As a group, sell-side analysts forecast that Simmons First National Corporation will post 1.66 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on SFNC shares. Keefe, Bruyette & Woods lifted their price objective on shares of Simmons First National from $21.00 to $22.00 and gave the stock a "market perform" rating in a research report on Monday, July 21st. Wall Street Zen raised shares of Simmons First National from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Piper Sandler raised shares of Simmons First National from an "underweight" rating to a "neutral" rating and lifted their price objective for the stock from $20.00 to $21.00 in a research report on Monday, April 21st. DA Davidson lifted their price objective on shares of Simmons First National from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Stephens reduced their price objective on shares of 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. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Simmons First National presently has an average rating of "Hold" and an average target price of $22.75.

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.

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