Simmons First National Corporation (NASDAQ:SFNC) Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC cut its stake in Simmons First National Corporation (NASDAQ:SFNC - Free Report) by 5.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 259,517 shares of the bank's stock after selling 14,083 shares during the period. Peregrine Capital Management LLC owned 0.21% of Simmons First National worth $5,328,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its stake in shares of Simmons First National by 6.9% in the 4th quarter. Fisher Asset Management LLC now owns 621,000 shares of the bank's stock valued at $13,774,000 after purchasing an additional 39,995 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Simmons First National by 168.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,144 shares of the bank's stock valued at $48,000 after buying an additional 1,345 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in Simmons First National during the fourth quarter valued at approximately $29,000. Charles Schwab Investment Management Inc. lifted its holdings in Simmons First National by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,895,477 shares of the bank's stock worth $42,042,000 after buying an additional 29,335 shares during the last quarter. Finally, Jag Capital Management LLC grew its position in shares of Simmons First National by 1.0% in the 4th quarter. Jag Capital Management LLC now owns 120,421 shares of the bank's stock worth $2,671,000 after acquiring an additional 1,185 shares in the last quarter. 27.58% of the stock is currently owned by institutional investors.

Simmons First National Stock Performance

SFNC stock traded up $0.74 during midday trading on Tuesday, reaching $19.70. The company had a trading volume of 525,897 shares, compared to its average volume of 634,870. The firm has a market capitalization of $2.48 billion, a PE ratio of 16.98 and a beta of 0.93. The stock has a 50 day moving average price of $18.93 and a 200 day moving average price of $20.43. Simmons First National Corporation has a fifty-two week low of $17.01 and a fifty-two week high of $25.95. 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 announced its quarterly earnings results 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). The company 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 4.86% and a net margin of 10.10%. During the same period last year, the business posted $0.32 EPS. Analysts anticipate that Simmons First National Corporation will post 1.66 earnings per share for the current year.

Simmons First National Announces Dividend

The company 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 annualized dividend and a dividend yield of 4.31%. The ex-dividend date of this dividend is Friday, June 13th. Simmons First National's dividend payout ratio (DPR) is 73.28%.

Wall Street Analyst Weigh In

SFNC has been the topic of several research reports. Piper Sandler raised Simmons First National from an "underweight" rating to a "neutral" rating and upped their price target for the company from $20.00 to $21.00 in a research report on Monday, April 21st. Stephens lowered their target price on shares of 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, 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 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.