Simmons First National Co. (NASDAQ:SFNC) Stake Reduced by Two Sigma Advisers LP

Two Sigma Advisers LP decreased its holdings in shares of Simmons First National Co. (NASDAQ:SFNC - Free Report) by 56.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,308 shares of the bank's stock after selling 62,895 shares during the quarter. Two Sigma Advisers LP's holdings in Simmons First National were worth $1,094,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Jones Financial Companies Lllp bought a new position in shares of Simmons First National during the fourth quarter valued at approximately $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Simmons First National during the 4th quarter valued at approximately $36,000. Quarry LP bought a new position in Simmons First National during the 4th quarter worth $47,000. Smartleaf Asset Management LLC increased its position in Simmons First National by 168.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,144 shares of the bank's stock worth $48,000 after buying an additional 1,345 shares during the period. Finally, Sterling Capital Management LLC increased 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 worth $87,000 after buying an additional 3,483 shares during the period. Institutional investors own 27.58% of the company's stock.

Simmons First National Stock Performance

Shares of NASDAQ SFNC traded down $0.27 during midday trading on Wednesday, reaching $18.58. 52,471 shares of the company traded hands, compared to its average volume of 613,741. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 15.33 and a beta of 0.91. The stock has a 50-day moving average price of $18.90 and a 200 day moving average price of $21.20. 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 current ratio of 0.79 and a quick ratio of 0.79.

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 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 during the quarter, compared to analyst estimates of $209.00 million. During the same period in the prior year, the company posted $0.32 earnings per share. Sell-side analysts anticipate that Simmons First National Co. will post 1.66 earnings per share for the current fiscal year.

Simmons First National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be paid a dividend of $0.2125 per share. This represents a $0.85 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date is Friday, June 13th. Simmons First National's payout ratio is currently 73.28%.

Analyst Ratings Changes

Several brokerages have recently issued reports on SFNC. Piper Sandler raised shares of Simmons First National from an "underweight" rating to a "neutral" rating and boosted their price target for the company from $20.00 to $21.00 in a report 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 for the company in a research note on Monday, April 21st. Finally, Stephens decreased their target price on shares of Simmons First National from $27.00 to $25.00 and set an "overweight" rating for the company in a research report on Monday, April 21st.

Simmons First National Company 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.