Gilliland Jeter Wealth Management LLC Sells 19,968 Shares of Simmons First National Corporation (NASDAQ:SFNC)

Gilliland Jeter Wealth Management LLC decreased its stake in Simmons First National Corporation (NASDAQ:SFNC - Free Report) by 62.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,036 shares of the bank's stock after selling 19,968 shares during the quarter. Gilliland Jeter Wealth Management LLC's holdings in Simmons First National were worth $247,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp bought a new position in shares of Simmons First National during the 4th quarter valued at $29,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Simmons First National during the 4th quarter valued at $36,000. Quarry LP bought a new position in shares of Simmons First National during the 4th quarter valued at $47,000. Smartleaf Asset Management LLC raised its holdings in shares of Simmons First National by 168.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,144 shares of the bank's stock valued at $48,000 after purchasing an additional 1,345 shares in the last quarter. Finally, Sterling Capital Management LLC raised its holdings in Simmons First National by 813.8% in the 4th quarter. Sterling Capital Management LLC now owns 3,911 shares of the bank's stock worth $87,000 after acquiring an additional 3,483 shares during the period. Hedge funds and other institutional investors own 27.58% of the company's stock.

Wall Street Analysts Forecast Growth

SFNC has been the topic of several recent analyst reports. Piper Sandler upgraded shares of Simmons First National from an "underweight" rating to a "neutral" rating and lifted their target price for the stock from $20.00 to $21.00 in a report on Monday, April 21st. Stephens dropped their target price on shares of Simmons First National from $27.00 to $25.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Simmons First National from $23.00 to $21.00 and set a "market perform" rating on the stock in a report on Monday, April 21st.

Simmons First National Trading Up 1.4%

NASDAQ:SFNC traded up $0.29 during trading hours on Tuesday, hitting $20.27. The stock had a trading volume of 63,588 shares, compared to its average volume of 634,999. Simmons First National Corporation has a one year low of $17.01 and a one year high of $25.95. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 17.44 and a beta of 0.92. The business's 50 day moving average is $19.10 and its 200-day moving average is $20.33.

Simmons First National (NASDAQ:SFNC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The bank reported $0.26 earnings per share (EPS) 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 company had revenue of $209.58 million for the quarter, compared to the consensus estimate of $209.00 million. During the same period in the prior year, the company earned $0.32 EPS. Sell-side analysts anticipate 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 was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were given a $0.2125 dividend. This represents a $0.85 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date was Friday, June 13th. Simmons First National's dividend payout ratio (DPR) is currently 73.28%.

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.