NorthCrest Asset Manangement LLC Makes New Investment in Simmons First National Corporation (NASDAQ:SFNC)

NorthCrest Asset Manangement LLC purchased a new stake in shares of Simmons First National Corporation (NASDAQ:SFNC - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,497 shares of the bank's stock, valued at approximately $298,000.

A number of other large investors also recently made changes to their positions in SFNC. Cresset Asset Management LLC grew its position in shares of Simmons First National by 0.7% in the fourth quarter. Cresset Asset Management LLC now owns 76,711 shares of the bank's stock valued at $1,718,000 after purchasing an additional 546 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of Simmons First National by 6.3% during the fourth quarter. CIBC Asset Management Inc now owns 12,581 shares of the bank's stock valued at $279,000 after purchasing an additional 751 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Simmons First National by 4.3% during the 4th quarter. HighTower Advisors LLC now owns 19,600 shares of the bank's stock worth $435,000 after acquiring an additional 812 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in Simmons First National by 4.0% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 27,396 shares of the bank's stock worth $613,000 after acquiring an additional 1,049 shares in the last quarter. Finally, Captrust Financial Advisors increased its position in shares of Simmons First National by 1.5% during the 4th quarter. Captrust Financial Advisors now owns 76,482 shares of the bank's stock worth $1,696,000 after purchasing an additional 1,134 shares in the last quarter. Institutional investors and hedge funds own 27.58% of the company's stock.

Simmons First National Stock Up 0.3%

SFNC traded up $0.05 during trading on Thursday, reaching $18.20. The company had a trading volume of 688,039 shares, 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. 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 Corporation has a 12 month low of $16.29 and a 12 month high of $25.95. The business's fifty day moving average price is $18.79 and its 200 day moving average price is $20.78.

Simmons First National (NASDAQ:SFNC - Get Free Report) last issued its earnings results on Wednesday, April 16th. The bank reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.10). The firm had revenue of $209.58 million for the quarter, compared to analyst estimates of $209.00 million. Simmons First National had a return on equity of 4.86% and a net margin of 10.10%. During the same quarter in the previous year, the firm posted $0.32 earnings per share. Equities analysts anticipate that Simmons First National Corporation will post 1.66 EPS for the current year.

Simmons First National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a $0.2125 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.85 annualized dividend and a yield of 4.67%. Simmons First National's dividend payout ratio (DPR) is presently 73.28%.

Analyst Upgrades and Downgrades

SFNC has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods decreased their price target on Simmons First National from $23.00 to $21.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st. Stephens lowered their target price on Simmons First National from $27.00 to $25.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Finally, 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 report on Monday, April 21st.

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.