Two Sigma Advisers LP Has $1.09 Million Stock Position in Simmons First National Co. (NASDAQ:SFNC)

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

Other hedge funds and other institutional investors have also modified their holdings of the company. Scissortail Wealth Management LLC grew its holdings in shares of Simmons First National by 1,045,033.3% during the 4th quarter. Scissortail Wealth Management LLC now owns 31,354 shares of the bank's stock worth $695,000 after purchasing an additional 31,351 shares during the period. Rafferty Asset Management LLC increased its holdings in Simmons First National by 13.8% in the fourth quarter. Rafferty Asset Management LLC now owns 116,670 shares of the bank's stock valued at $2,588,000 after buying an additional 14,105 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Simmons First National in the 4th quarter valued at approximately $36,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Simmons First National during the fourth quarter worth $213,000. Finally, Occudo Quantitative Strategies LP acquired a new stake in Simmons First National during the fourth quarter worth about $424,000. 27.58% of the stock is currently owned by hedge funds and other institutional investors.

Simmons First National Stock Performance

Shares of SFNC stock traded down $0.30 during trading hours on Wednesday, reaching $18.55. 379,683 shares of the company's stock were exchanged, compared to its average volume of 615,995. Simmons First National Co. has a fifty-two week low of $16.03 and a fifty-two week high of $25.95. The stock has a market capitalization of $2.34 billion, a P/E ratio of 15.33 and a beta of 0.91. The business has a fifty day moving average price of $18.90 and a 200-day moving average price of $21.20. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.32.

Simmons First National (NASDAQ:SFNC - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The bank reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.10). The firm had revenue of $209.58 million during the quarter, compared to analyst estimates 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 last year, the firm earned $0.32 earnings per share. Analysts predict that Simmons First National Co. will post 1.66 EPS for the current fiscal year.

Simmons First National Dividend Announcement

The firm 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. This represents a $0.85 annualized dividend and a dividend yield of 4.58%. The ex-dividend date of this dividend is Friday, June 13th. Simmons First National's dividend payout ratio (DPR) is presently 73.28%.

Wall Street Analyst Weigh In

SFNC has been the topic of several recent analyst reports. Stephens cut their target price 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. 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 report on Monday, April 21st. Finally, Keefe, Bruyette & Woods cut their price objective on 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.

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.