Rhumbline Advisers Has $7.54 Million Stake in Simmons First National Co. (NASDAQ:SFNC)

Rhumbline Advisers decreased its position in shares of Simmons First National Co. (NASDAQ:SFNC - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 367,046 shares of the bank's stock after selling 14,067 shares during the quarter. Rhumbline Advisers owned approximately 0.29% of Simmons First National worth $7,535,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in SFNC. Jones Financial Companies Lllp acquired a new position in shares of Simmons First National during the 4th quarter worth $29,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Simmons First National in the fourth quarter valued at approximately $36,000. Quarry LP acquired a new position in shares of Simmons First National during the fourth quarter worth about $47,000. Smartleaf Asset Management LLC grew its holdings in 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 position in shares of Simmons First National by 813.8% in the 4th quarter. Sterling Capital Management LLC now owns 3,911 shares of the bank's stock valued at $87,000 after purchasing an additional 3,483 shares in the last quarter. Institutional investors and hedge funds own 27.58% of the company's stock.

Simmons First National Stock Down 1.0%

NASDAQ:SFNC traded down $0.19 during trading hours on Thursday, reaching $18.84. The company's stock had a trading volume of 108,248 shares, compared to its average volume of 615,281. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 15.57 and a beta of 0.93. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.79 and a quick ratio of 0.79. The business's 50-day moving average is $18.79 and its 200-day moving average is $21.00. Simmons First National Co. has a one year low of $16.03 and a one year high of $25.95.

Simmons First National (NASDAQ:SFNC - Get Free Report) last posted 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). The company had revenue of $209.58 million for 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 quarter in the previous year, the firm posted $0.32 EPS. Equities research analysts predict that Simmons First National Co. will post 1.66 EPS for the current year.

Simmons First National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a dividend of $0.2125 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.85 annualized dividend and a yield of 4.51%. Simmons First National's dividend payout ratio (DPR) is 73.28%.

Wall Street Analysts Forecast Growth

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