Deutsche Bank AG Grows Holdings in Simmons First National Co. (NASDAQ:SFNC)

Deutsche Bank AG raised its stake in shares of Simmons First National Co. (NASDAQ:SFNC - Free Report) by 51.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 107,976 shares of the bank's stock after acquiring an additional 36,512 shares during the period. Deutsche Bank AG owned approximately 0.09% of Simmons First National worth $2,395,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp purchased a new position in shares of Simmons First National during the fourth quarter worth $29,000. Quarry LP purchased a new position in shares of Simmons First National in the fourth quarter valued at approximately $47,000. Smartleaf Asset Management LLC grew its holdings in shares of Simmons First National by 168.3% in the fourth 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. Sterling Capital Management LLC increased its stake in Simmons First National by 813.8% during the 4th quarter. Sterling Capital Management LLC now owns 3,911 shares of the bank's stock worth $87,000 after buying an additional 3,483 shares during the period. Finally, Aquatic Capital Management LLC acquired a new stake in Simmons First National during the 4th quarter worth approximately $114,000. 27.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Stephens reduced their price objective on Simmons First National from $27.00 to $25.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Keefe, Bruyette & Woods reduced their target price on shares of Simmons First National from $23.00 to $21.00 and set a "market perform" rating on the stock in a report on Monday, April 21st. Finally, Piper Sandler upgraded shares of Simmons First National from an "underweight" rating to a "neutral" rating and lifted their price target for the stock from $20.00 to $21.00 in a research note on Monday, April 21st.

Simmons First National Stock Down 1.3%

Shares of SFNC traded down $0.25 during mid-day trading on Wednesday, reaching $18.96. The company's stock had a trading volume of 25,646 shares, compared to its average volume of 612,498. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.79 and a quick ratio of 0.79. Simmons First National Co. has a 12-month low of $16.03 and a 12-month high of $25.95. The stock has a market cap of $2.39 billion, a PE ratio of 15.68 and a beta of 0.91. The company's 50 day moving average is $19.10 and its 200 day moving average is $21.41.

Simmons First National (NASDAQ:SFNC - Get Free Report) last issued its earnings results 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). Simmons First National had a net margin of 10.46% and a return on equity of 5.10%. The company had revenue of $209.58 million during the quarter, compared to analyst estimates of $209.00 million. During the same quarter in the previous year, the company posted $0.32 EPS. Equities analysts anticipate that Simmons First National Co. will post 1.66 EPS for the current fiscal 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 given a dividend of $0.2125 per share. This represents a $0.85 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date is Friday, June 13th. Simmons First National's dividend payout ratio (DPR) is currently 73.28%.

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.