SG Americas Securities LLC Purchases New Position in Simmons First National Corporation (NASDAQ:SFNC)

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

Several other institutional investors have also added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in Simmons First National by 2,047.9% in the first quarter. GAMMA Investing LLC now owns 52,023 shares of the bank's stock worth $1,068,000 after acquiring an additional 49,601 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in Simmons First National in the fourth quarter worth about $462,000. B. Riley Wealth Advisors Inc. boosted its holdings in Simmons First National by 4.0% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 27,396 shares of the bank's stock worth $613,000 after acquiring an additional 1,049 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Simmons First National by 28.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 235,147 shares of the bank's stock worth $5,216,000 after acquiring an additional 52,089 shares in the last quarter. Finally, iSAM Funds UK Ltd boosted its holdings in Simmons First National by 33.9% in the fourth quarter. iSAM Funds UK Ltd now owns 16,729 shares of the bank's stock worth $371,000 after acquiring an additional 4,234 shares in the last quarter. Institutional investors and hedge funds own 27.58% of the company's stock.

Simmons First National Stock Performance

Shares of Simmons First National stock traded up $0.06 on Friday, reaching $18.26. 1,893,829 shares of the stock were exchanged, compared to its average volume of 625,538. 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 Corporation has a twelve month low of $16.51 and a twelve month high of $25.95. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 15.74 and a beta of 0.93. The business has a 50 day moving average price of $18.80 and a two-hundred day moving average price of $20.67.

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 for the quarter, compared to analyst estimates 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 firm earned $0.32 EPS. Analysts anticipate that Simmons First National Corporation will post 1.66 earnings per share for the current fiscal 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. This represents a $0.85 annualized dividend and a yield of 4.65%. The ex-dividend date is Friday, June 13th. Simmons First National's dividend payout ratio is currently 73.28%.

Analyst Upgrades and Downgrades

SFNC has been the subject of several recent analyst reports. Keefe, Bruyette & Woods lowered their price target 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 decreased their target price 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. Finally, Piper Sandler raised Simmons First National from an "underweight" rating to a "neutral" rating and lifted their target price for the stock from $20.00 to $21.00 in a report on Monday, April 21st.

About Simmons First National

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.