SG Americas Securities LLC Acquires Shares of 52,901 Simmons First National Corporation (NASDAQ:SFNC)

SG Americas Securities LLC purchased a new position in shares of Simmons First National Corporation (NASDAQ:SFNC - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 52,901 shares of the bank's stock, valued at approximately $1,086,000.

Several other institutional investors and hedge funds have also bought and sold shares of SFNC. Principal Financial Group Inc. lifted its holdings in Simmons First National by 4.2% in the 4th quarter. Principal Financial Group Inc. now owns 673,440 shares of the bank's stock worth $14,937,000 after buying an additional 27,115 shares during the period. CIBC Asset Management Inc lifted its holdings in Simmons First National by 6.3% in the 4th quarter. CIBC Asset Management Inc now owns 12,581 shares of the bank's stock worth $279,000 after buying an additional 751 shares during the period. Ieq Capital LLC purchased a new stake in Simmons First National in the 4th quarter worth approximately $364,000. Handelsbanken Fonder AB lifted its holdings in Simmons First National by 11.8% in the 4th quarter. Handelsbanken Fonder AB now owns 26,560 shares of the bank's stock worth $589,000 after buying an additional 2,800 shares during the period. Finally, Carlson Capital L.P. purchased a new stake in Simmons First National in the 4th quarter worth approximately $464,000. 27.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on SFNC. Piper Sandler upgraded Simmons First National from an "underweight" rating to a "neutral" rating and increased their price objective for the stock from $20.00 to $21.00 in a report on Monday, April 21st. Keefe, Bruyette & Woods dropped their price objective 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. Finally, Stephens dropped their price objective on Simmons First National from $27.00 to $25.00 and set an "overweight" rating for the company in a report on Monday, April 21st.

Simmons First National Stock Up 0.3%

Shares of SFNC traded up $0.05 on Thursday, reaching $18.20. The stock had a trading volume of 688,039 shares, compared to its average volume of 623,666. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 15.69 and a beta of 0.93. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 0.80. The company has a 50-day simple moving average of $18.79 and a 200-day simple moving average of $20.78. Simmons First National Corporation has a 12-month low of $16.29 and a 12-month high of $25.95.

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

Simmons First National Dividend Announcement

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