GAMMA Investing LLC Buys 49,601 Shares of Simmons First National Corporation (NASDAQ:SFNC)

GAMMA Investing LLC boosted its stake in shares of Simmons First National Corporation (NASDAQ:SFNC - Free Report) by 2,047.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,023 shares of the bank's stock after purchasing an additional 49,601 shares during the period. GAMMA Investing LLC's holdings in Simmons First National were worth $1,068,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS purchased a new stake in Simmons First National during the 4th quarter valued at $579,000. Principal Financial Group Inc. increased its position in Simmons First National by 4.2% during the fourth quarter. Principal Financial Group Inc. now owns 673,440 shares of the bank's stock valued at $14,937,000 after acquiring an additional 27,115 shares during the last quarter. Carlson Capital L.P. purchased a new stake in Simmons First National during the fourth quarter valued at $464,000. Renaissance Technologies LLC lifted its holdings in Simmons First National by 54.7% in the fourth quarter. Renaissance Technologies LLC now owns 85,457 shares of the bank's stock valued at $1,895,000 after acquiring an additional 30,200 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Simmons First National by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,895,477 shares of the bank's stock worth $42,042,000 after purchasing an additional 29,335 shares during the last quarter. Hedge funds and other institutional investors own 27.58% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Piper Sandler raised shares of Simmons First National from an "underweight" rating to a "neutral" rating and upped their price target for the company from $20.00 to $21.00 in a research report on Monday, April 21st. Keefe, Bruyette & Woods cut their target price on shares of Simmons First National from $23.00 to $21.00 and set a "market perform" rating for the company in a research report on Monday, April 21st. Finally, Stephens decreased their price target on shares of Simmons First National from $27.00 to $25.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st.

Simmons First National Stock Performance

Shares of SFNC stock traded up $0.05 during trading hours on Thursday, reaching $18.20. 688,039 shares of the company traded hands, compared to its average volume of 623,666. The company has a market cap of $2.29 billion, a P/E ratio of 15.69 and a beta of 0.93. Simmons First National Corporation has a 12-month low of $16.29 and a 12-month high of $25.95. The firm has a 50-day moving average price of $18.79 and a 200 day moving average price of $20.78. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.80 and a quick ratio of 0.80.

Simmons First National (NASDAQ:SFNC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The bank reported $0.26 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.10). The firm had revenue of $209.58 million for the quarter, compared to the consensus estimate of $209.00 million. Simmons First National had a net margin of 10.10% and a return on equity of 4.86%. During the same quarter in the previous year, the business earned $0.32 earnings per share. As a group, sell-side analysts predict that Simmons First National Corporation will post 1.66 earnings per share for the current fiscal year.

Simmons First National Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be paid a $0.2125 dividend. This represents a $0.85 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date of this dividend is Friday, June 13th. Simmons First National's dividend payout ratio (DPR) is 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.