Simmons First National Co. (NASDAQ:SFNC) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC cut its stake in Simmons First National Co. (NASDAQ:SFNC - Free Report) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 354,350 shares of the bank's stock after selling 12,557 shares during the period. ProShare Advisors LLC owned about 0.28% of Simmons First National worth $7,859,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SFNC. OMERS ADMINISTRATION Corp purchased a new position in Simmons First National in the fourth quarter worth approximately $213,000. Occudo Quantitative Strategies LP purchased a new stake in shares of Simmons First National during the 4th quarter worth $424,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Simmons First National by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,640 shares of the bank's stock worth $1,567,000 after purchasing an additional 2,678 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in Simmons First National in the fourth quarter valued at $462,000. Finally, FJ Capital Management LLC raised its stake in Simmons First National by 35.1% in the fourth quarter. FJ Capital Management LLC now owns 1,104,008 shares of the bank's stock valued at $24,487,000 after buying an additional 286,622 shares in the last quarter. 27.58% of the stock is currently owned by hedge funds and other institutional investors.

Simmons First National Price Performance

NASDAQ:SFNC traded down $0.72 during trading hours on Wednesday, hitting $18.96. The company's stock had a trading volume of 562,959 shares, compared to its average volume of 612,909. Simmons First National Co. has a 52-week low of $16.03 and a 52-week high of $25.95. 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 business's 50-day moving average is $19.24 and its two-hundred day moving average is $21.58. The company has a market capitalization of $2.39 billion, a PE ratio of 15.67 and a beta of 0.91.

Simmons First National (NASDAQ:SFNC - Get Free Report) last announced 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 company 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 10.46% and a return on equity of 5.10%. During the same quarter in the prior year, the business earned $0.32 EPS. As a group, research analysts anticipate that Simmons First National Co. will post 1.66 EPS for the current fiscal year.

Simmons First National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be issued a dividend of $0.2125 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 4.48%. Simmons First National's payout ratio is 73.28%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SFNC. Piper Sandler upgraded Simmons First National from an "underweight" rating to a "neutral" rating and increased their price objective for the company from $20.00 to $21.00 in a report on Monday, April 21st. Stephens dropped their price target on shares of 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. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of 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.

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.