Gilliland Jeter Wealth Management LLC Has $247,000 Stock Position in Simmons First National Corporation (NASDAQ:SFNC)

Gilliland Jeter Wealth Management LLC lessened its stake in Simmons First National Corporation (NASDAQ:SFNC - Free Report) by 62.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,036 shares of the bank's stock after selling 19,968 shares during the period. Gilliland Jeter Wealth Management LLC's holdings in Simmons First National were worth $247,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Cresset Asset Management LLC grew its holdings in shares of Simmons First National by 0.7% in the 4th 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 during the period. HighTower Advisors LLC grew its stake in Simmons First National by 4.3% in the fourth quarter. HighTower Advisors LLC now owns 19,600 shares of the bank's stock valued at $435,000 after acquiring an additional 812 shares during the period. OneDigital Investment Advisors LLC raised its position 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 worth $1,285,000 after purchasing an additional 966 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Simmons First National by 4.0% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 27,396 shares of the bank's stock valued at $613,000 after purchasing an additional 1,049 shares in the last quarter. Finally, Sowell Financial Services LLC grew its position in shares of Simmons First National by 7.7% in the 1st quarter. Sowell Financial Services LLC now owns 14,738 shares of the bank's stock valued at $303,000 after purchasing an additional 1,056 shares during the period. Institutional investors and hedge funds own 27.58% of the company's stock.

Simmons First National Stock Up 0.4%

Shares of NASDAQ:SFNC traded up $0.08 during midday trading on Thursday, hitting $20.19. The stock had a trading volume of 437,254 shares, compared to its average volume of 637,168. The company has a market cap of $2.54 billion, a P/E ratio of 17.41 and a beta of 0.92. Simmons First National Corporation has a 12 month low of $17.20 and a 12 month high of $25.95. The business's 50-day simple moving average is $19.16 and its 200-day simple moving average is $20.33. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.35.

Simmons First National (NASDAQ:SFNC - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The bank reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.10). Simmons First National had a return on equity of 4.86% and a net margin of 10.10%. The firm had revenue of $209.58 million for the quarter, compared to analyst estimates of $209.00 million. During the same quarter in the prior year, the firm earned $0.32 earnings per share. On average, sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were paid a dividend of $0.2125 per share. The ex-dividend date was Friday, June 13th. This represents a $0.85 annualized dividend and a dividend yield of 4.21%. Simmons First National's dividend payout ratio is currently 73.28%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Stephens cut 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 note on Monday, April 21st. Piper Sandler raised Simmons First National from an "underweight" rating to a "neutral" rating and lifted their price target for the company from $20.00 to $21.00 in a research note on Monday, April 21st. Finally, Keefe, Bruyette & Woods cut their target price 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.

About Simmons First National

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.