Intech Investment Management LLC Has $1.89 Million Position in Simmons First National Corporation $SFNC

Key Points

• Intech Investment Management LLC increased its stake in Simmons First National Corporation by 69.7% in the first quarter, owning approximately 0.07% of the company valued at nearly $1.9 million.
• Insider buying activity includes transactions by Director Russell William Teubner, who purchased 9,200 shares, and COO Christopher J. Van Steenberg, who acquired 13,500 shares, indicating confidence in the company's performance.
• Simmons First National's stock has a market capitalization of $2.86 billion and will pay a quarterly dividend of $0.2125 per share, reflecting a yield of 4.3%.

Intech Investment Management LLC boosted its holdings in shares of Simmons First National Corporation (NASDAQ:SFNC - Free Report) by 69.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 92,262 shares of the bank's stock after buying an additional 37,881 shares during the quarter. Intech Investment Management LLC owned about 0.07% of Simmons First National worth $1,894,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Simmons First National in the fourth quarter valued at about $36,000. SouthState Corp acquired a new stake in shares of Simmons First National in the first quarter valued at about $71,000. Quarry LP grew its position in shares of Simmons First National by 92.2% in the first quarter. Quarry LP now owns 4,072 shares of the bank's stock valued at $84,000 after purchasing an additional 1,953 shares during the last quarter. CWM LLC grew its position in shares of Simmons First National by 99.0% in the first quarter. CWM LLC now owns 4,625 shares of the bank's stock valued at $95,000 after purchasing an additional 2,301 shares during the last quarter. Finally, KBC Group NV grew its position in shares of Simmons First National by 18.7% in the first quarter. KBC Group NV now owns 7,231 shares of the bank's stock valued at $148,000 after purchasing an additional 1,140 shares during the last quarter. 27.58% of the stock is owned by institutional investors and hedge funds.

Simmons First National Stock Down 1.5%

NASDAQ SFNC traded down $0.31 on Friday, reaching $20.06. The company had a trading volume of 2,468,753 shares, compared to its average volume of 660,089. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 15.80 and a beta of 0.97. 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 Corporation has a 1-year low of $17.20 and a 1-year high of $25.95. The company's fifty day moving average is $20.01 and its 200-day moving average is $19.52.

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 for the quarter, topping analysts' consensus estimates of $0.40 by $0.04. The firm had revenue of $214.18 million during the quarter, compared to analyst estimates of $217.21 million. Simmons First National had a net margin of 11.19% and a return on equity of 5.23%. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 EPS. On average, research 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 business 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 $0.2125 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.85 dividend on an annualized basis and a yield of 4.2%. Simmons First National's dividend payout ratio is presently 66.93%.

Insider Transactions at Simmons First National

In related news, Director Steven A. Cosse purchased 13,500 shares of Simmons First National stock in a transaction that occurred on Wednesday, July 23rd. The stock was purchased at an average cost of $18.50 per share, with a total value of $249,750.00. Following the completion of the transaction, the director owned 104,120 shares of the company's stock, valued at approximately $1,926,220. This trade represents a 14.90% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Charles Daniel Hobbs purchased 5,400 shares of Simmons First National stock in a transaction that occurred on Wednesday, July 23rd. The shares were bought at an average cost of $18.50 per share, with a total value of $99,900.00. Following the completion of the transaction, the chief financial officer directly owned 10,213 shares of the company's stock, valued at approximately $188,940.50. The trade was a 112.20% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 100,755 shares of company stock worth $1,865,332. Company insiders own 1.44% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on SFNC. Keefe, Bruyette & Woods increased their target price on shares of Simmons First National from $21.00 to $22.00 and gave the company a "market perform" rating in a research note on Monday, July 21st. Wall Street Zen upgraded shares of Simmons First National from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. DA Davidson increased their target price on shares of Simmons First National from $21.00 to $23.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Zacks Research upgraded shares of Simmons First National from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 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 data from MarketBeat.com, Simmons First National currently has a consensus rating of "Moderate Buy" 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.