Simmons First National Co. (NASDAQ:SFNC) Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. reduced its position in Simmons First National Co. (NASDAQ:SFNC - Free Report) by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,583,740 shares of the bank's stock after selling 13,452 shares during the quarter. Westwood Holdings Group Inc. owned about 1.26% of Simmons First National worth $35,127,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SFNC. Norges Bank acquired a new stake in Simmons First National during the 4th quarter worth $27,095,000. Rhino Investment Partners Inc acquired a new stake in shares of Simmons First National during the fourth quarter worth about $19,531,000. Vanguard Group Inc. boosted its stake in shares of Simmons First National by 4.4% during the fourth quarter. Vanguard Group Inc. now owns 14,866,647 shares of the bank's stock worth $329,742,000 after buying an additional 630,376 shares during the period. JPMorgan Chase & Co. lifted its position in Simmons First National by 49.6% during the 4th quarter. JPMorgan Chase & Co. now owns 1,011,431 shares of the bank's stock worth $22,434,000 after acquiring an additional 335,260 shares during the period. Finally, FJ Capital Management LLC lifted its position in Simmons First National by 35.1% during the 4th quarter. FJ Capital Management LLC now owns 1,104,008 shares of the bank's stock worth $24,487,000 after acquiring an additional 286,622 shares during the period. 27.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SFNC has been the subject of a number of recent research reports. Keefe, Bruyette & Woods decreased 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. Stephens decreased their price target 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 upgraded shares of Simmons First National from an "underweight" rating to a "neutral" rating and raised their target price for the stock from $20.00 to $21.00 in a research note on Monday, April 21st.

Simmons First National Stock Down 0.2%

SFNC opened at $19.90 on Tuesday. Simmons First National Co. has a 12 month low of $16.03 and a 12 month high of $25.95. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.79 and a quick ratio of 0.79. The business has a 50 day simple moving average of $19.27 and a 200-day simple moving average of $21.61. The stock has a market capitalization of $2.51 billion, a P/E ratio of 16.45 and a beta of 0.91.

Simmons First National (NASDAQ:SFNC - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The bank reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.10). Simmons First National had a return on equity of 5.10% and a net margin of 10.46%. The company had revenue of $209.58 million for the quarter, compared to analysts' expectations of $209.00 million. During the same period in the prior year, the firm posted $0.32 EPS. On average, equities analysts anticipate that Simmons First National Co. will post 1.66 earnings per share for the current fiscal year.

Simmons First National Announces Dividend

The business also recently declared 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. The ex-dividend date is Friday, June 13th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 4.27%. Simmons First National's payout ratio is 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.

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