Sei Investments Co. Has $7.88 Million Stock Position in Simmons First National Corporation $SFNC

Key Points

• Sei Investments significantly increased its Simmons First National position by 151.6% in the first quarter, owning 405,336 shares worth approximately $7.88 million. Institutional investors and hedge funds collectively hold 27.58% of SFNC’s stock.
• Simmons First National’s latest quarterly results fell slightly short of expectations, with EPS of $0.50 versus the $0.53 consensus and revenue of $248.57 million versus $250.98 million. However, revenue increased 16.1% year over year.
• The bank maintains a quarterly dividend of $0.215 per share, or $0.86 annually, representing a 3.6% yield. Analysts have a “Moderate Buy” consensus rating and an average price target of $24.50, compared with the stock’s recent price of $23.59.

Sei Investments Co. lifted its position in shares of Simmons First National Corporation (NASDAQ:SFNC - Free Report) by 151.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 405,336 shares of the bank's stock after acquiring an additional 244,220 shares during the quarter. Sei Investments Co. owned approximately 0.28% of Simmons First National worth $7,884,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Hantz Financial Services Inc. boosted its holdings in Simmons First National by 35.6% in the fourth quarter. Hantz Financial Services Inc. now owns 1,884 shares of the bank's stock valued at $36,000 after acquiring an additional 495 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Simmons First National by 2.7% during the 4th quarter. NewEdge Advisors LLC now owns 19,079 shares of the bank's stock worth $360,000 after purchasing an additional 495 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in Simmons First National by 1.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 33,075 shares of the bank's stock valued at $623,000 after purchasing an additional 500 shares during the period. Natixis Advisors LLC lifted its position in Simmons First National by 2.5% during the 4th quarter. Natixis Advisors LLC now owns 21,065 shares of the bank's stock valued at $397,000 after purchasing an additional 513 shares during the period. Finally, Osaic Holdings Inc. boosted its stake in shares of Simmons First National by 32.0% in the 2nd quarter. Osaic Holdings Inc. now owns 2,658 shares of the bank's stock valued at $50,000 after purchasing an additional 644 shares during the last quarter. Institutional investors and hedge funds own 27.58% of the company's stock.

Simmons First National Stock Performance

Shares of NASDAQ SFNC opened at $23.59 on Monday. Simmons First National Corporation has a twelve month low of $17.00 and a twelve month high of $23.91. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of -9.32 and a beta of 0.91. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.36. The company's fifty day moving average is $22.42 and its 200-day moving average is $21.10.

Simmons First National (NASDAQ:SFNC - Get Free Report) last released its quarterly earnings data on Thursday, July 16th. The bank reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.03). The firm had revenue of $248.57 million during the quarter, compared to the consensus estimate of $250.98 million. Simmons First National had a negative net margin of 24.64% and a positive return on equity of 8.32%. Simmons First National's quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. Equities research analysts predict that Simmons First National Corporation will post 2.05 EPS for the current year.

Simmons First National Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were given a dividend of $0.215 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.6%. Simmons First National's dividend payout ratio (DPR) is currently -33.99%.

Analyst Ratings Changes

Several brokerages have recently commented on SFNC. Keefe, Bruyette & Woods lifted their price target on shares of Simmons First National from $24.00 to $25.00 and gave the stock a "market perform" rating in a research report on Monday, July 20th. National Bank Financial set a $25.00 price objective on shares of Simmons First National in a report on Monday, July 20th. Raymond James Financial reaffirmed an "outperform" rating and issued a $25.00 price objective on shares of Simmons First National in a research note on Friday, July 17th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Simmons First National in a report on Tuesday, July 21st. Finally, Stephens upped their target price on shares of Simmons First National from $24.00 to $25.00 and gave the company an "overweight" rating in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.50.

About Simmons First National

Simmons First National Corporation NASDAQ: SFNC is a bank holding company headquartered in Pine Bluff, Arkansas. Through its primary operating subsidiary, Simmons Bank, the company maintains a network of more than 200 branches across Arkansas, Tennessee, Missouri, Mississippi, Texas, Oklahoma and North Carolina. Simmons First National offers a full suite of financial services to individuals, small businesses and commercial clients, emphasizing relationship-driven community banking.

The company's core business activities span deposit-taking, lending and payment services.

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