14,497 Shares in Simmons First National Co. (NASDAQ:SFNC) Acquired by NorthCrest Asset Manangement LLC

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

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in shares of Simmons First National by 4.2% during the fourth quarter. Principal Financial Group Inc. now owns 673,440 shares of the bank's stock worth $14,937,000 after purchasing an additional 27,115 shares during the period. CIBC Asset Management Inc grew its position in shares of Simmons First National by 6.3% during the 4th quarter. CIBC Asset Management Inc now owns 12,581 shares of the bank's stock valued at $279,000 after buying an additional 751 shares during the last quarter. Ieq Capital LLC bought a new stake in shares of Simmons First National during the 4th quarter valued at about $364,000. Handelsbanken Fonder AB raised its stake in Simmons First National by 11.8% during the fourth quarter. Handelsbanken Fonder AB now owns 26,560 shares of the bank's stock worth $589,000 after acquiring an additional 2,800 shares during the period. Finally, Carlson Capital L.P. bought a new position in Simmons First National in the fourth quarter worth about $464,000. 27.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Simmons First National Stock Performance

Shares of NASDAQ:SFNC traded down $0.10 during trading hours on Monday, hitting $18.24. The stock had a trading volume of 485,915 shares, compared to its average volume of 619,694. The stock's fifty day simple moving average is $18.81 and its 200 day simple moving average is $20.86. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 15.07 and a beta of 0.93. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.79 and a current ratio of 0.79. Simmons First National Co. has a 1-year low of $16.03 and a 1-year high of $25.95.

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 analysts' consensus estimates of $0.36 by ($0.10). The business had revenue of $209.58 million during the quarter, compared to the consensus estimate of $209.00 million. Simmons First National had a return on equity of 5.10% and a net margin of 10.46%. During the same period last year, the company earned $0.32 earnings per share. Sell-side analysts anticipate that Simmons First National Co. will post 1.66 earnings per share for the current fiscal year.

Simmons First National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be issued a dividend of $0.2125 per share. This represents a $0.85 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date is Friday, June 13th. Simmons First National's dividend payout ratio (DPR) is 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.