American Century Companies Inc. Has $8.61 Million Position in Simmons First National Corporation $SFNC

Key Points

• American Century Companies Inc. reduced its stake in Simmons First National Corporation by 22.6%, selling 122,154 shares and now holds approximately 0.33% of the company, valued at $8.6 million.
• Insider transactions include Director Steven A. Cosse purchasing 13,500 shares, increasing his ownership by 14.9%, while Director Russell William Teubner bought 9,200 shares, marking a 20.9% increase in his holdings.
• Simmons First National's share price recently opened at $20.68, with a one-year high of $25.95, and reported earnings of $0.44 per share, beating estimates by $0.04.

American Century Companies Inc. lessened its stake in shares of Simmons First National Corporation (NASDAQ:SFNC - Free Report) by 22.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 419,494 shares of the bank's stock after selling 122,154 shares during the period. American Century Companies Inc. owned about 0.33% of Simmons First National worth $8,612,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Simmons First National during the 4th quarter worth about $36,000. Quarry LP acquired a new stake in Simmons First National during the 4th quarter worth about $47,000. SouthState Corp acquired a new stake in Simmons First National during the 1st quarter worth about $71,000. CWM LLC raised its holdings in Simmons First National by 99.0% during the 1st quarter. CWM LLC now owns 4,625 shares of the bank's stock worth $95,000 after buying an additional 2,301 shares during the period. Finally, Aquatic Capital Management LLC acquired a new stake in Simmons First National during the 4th quarter worth about $114,000. Institutional investors and hedge funds own 27.58% of the company's stock.

Analysts Set New Price Targets

SFNC has been the topic of several recent analyst reports. DA Davidson boosted their price objective on Simmons First National from $21.00 to $23.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Zacks Research raised Simmons First National from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 18th. Keefe, Bruyette & Woods lifted their target price on Simmons First National from $21.00 to $22.00 and gave the company a "market perform" rating in a research note on Monday, July 21st. Finally, Wall Street Zen raised Simmons First National from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $22.75.

Insiders Place Their Bets

In other news, CFO Charles Daniel Hobbs purchased 5,400 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was acquired at an average price of $18.50 per share, with a total value of $99,900.00. Following the purchase, the chief financial officer owned 10,213 shares in the company, valued at $188,940.50. This represents a 112.20% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Steenberg Christopher J. Van purchased 13,500 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was purchased at an average cost of $18.50 per share, with a total value of $249,750.00. Following the purchase, the chief operating officer owned 13,500 shares in the company, valued at $249,750. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 100,755 shares of company stock worth $1,865,332 in the last quarter. Corporate insiders own 1.91% of the company's stock.

Simmons First National Stock Down 0.5%

NASDAQ:SFNC traded down $0.11 on Monday, hitting $20.78. 796,375 shares of the company's stock traded hands, compared to its average volume of 924,171. The company has a market cap of $3.01 billion, a PE ratio of 16.36 and a beta of 0.97. The firm has a 50-day moving average price of $19.78 and a 200-day moving average price of $19.62. Simmons First National Corporation has a 1 year low of $17.20 and a 1 year high of $25.95. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.28.

Simmons First National (NASDAQ:SFNC - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The bank reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. The business had revenue of $214.18 million during the quarter, compared to analysts' expectations of $217.21 million. Simmons First National had a return on equity of 5.23% and a net margin of 11.19%.The firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.33 EPS. Equities analysts anticipate that Simmons First National Corporation will post 1.66 EPS for the current fiscal year.

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.