Simmons First National Co. (NASDAQ:SFNC) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Simmons First National Co. (NASDAQ:SFNC - Free Report) by 28.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 235,147 shares of the bank's stock after acquiring an additional 52,089 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.19% of Simmons First National worth $5,216,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Jones Financial Companies Lllp purchased a new stake in shares of Simmons First National in the 4th quarter valued at approximately $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Simmons First National in the fourth quarter valued at approximately $36,000. Quarry LP purchased a new position in Simmons First National in the fourth quarter worth approximately $47,000. Smartleaf Asset Management LLC increased 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 worth $48,000 after acquiring an additional 1,345 shares during the last quarter. Finally, Sterling Capital Management LLC raised its position in Simmons First National by 813.8% in the fourth 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 during the period. Institutional investors and hedge funds own 27.58% of the company's stock.

Wall Street Analyst Weigh In

SFNC has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods cut 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. Piper Sandler upgraded shares of Simmons First National from an "underweight" rating to a "neutral" rating and lifted their price target for the company from $20.00 to $21.00 in a research report on Monday, April 21st. Finally, Stephens decreased their price objective on shares of Simmons First National from $27.00 to $25.00 and set an "overweight" rating on the stock in a report on Monday, April 21st.

Simmons First National Trading Up 0.9%

Shares of NASDAQ SFNC traded up $0.16 during trading on Friday, reaching $18.74. The stock had a trading volume of 145,851 shares, compared to its average volume of 614,268. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market cap of $2.36 billion, a P/E ratio of 15.50 and a beta of 0.93. Simmons First National Co. has a fifty-two week low of $16.03 and a fifty-two week high of $25.95. The business's 50-day moving average price is $18.83 and its 200-day moving average price is $21.14.

Simmons First National (NASDAQ:SFNC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The bank reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.10). The business had revenue of $209.58 million for the quarter, compared to analysts' expectations 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 last year, the company earned $0.32 earnings per share. On average, equities research analysts predict that Simmons First National Co. will post 1.66 EPS for the current fiscal year.

Simmons First National Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 4.54%. The ex-dividend date of this dividend is Friday, June 13th. Simmons First National's payout ratio is currently 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.