Two Sigma Investments LP Lowers Holdings in Simmons First National Co. (NASDAQ:SFNC)

Two Sigma Investments LP lessened its stake in shares of Simmons First National Co. (NASDAQ:SFNC - Free Report) by 56.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 81,235 shares of the bank's stock after selling 106,788 shares during the period. Two Sigma Investments LP owned about 0.06% of Simmons First National worth $1,802,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Cresset Asset Management LLC grew its position in shares of Simmons First National by 0.7% during the 4th quarter. Cresset Asset Management LLC now owns 76,711 shares of the bank's stock valued at $1,718,000 after acquiring an additional 546 shares during the period. CIBC Asset Management Inc lifted its stake in Simmons First National by 6.3% in the fourth quarter. CIBC Asset Management Inc now owns 12,581 shares of the bank's stock valued at $279,000 after purchasing an additional 751 shares during the last quarter. HighTower Advisors LLC grew its holdings in Simmons First National by 4.3% during the fourth quarter. HighTower Advisors LLC now owns 19,600 shares of the bank's stock valued at $435,000 after purchasing an additional 812 shares during the period. Captrust Financial Advisors increased its position in Simmons First National by 1.5% in the fourth quarter. Captrust Financial Advisors now owns 76,482 shares of the bank's stock worth $1,696,000 after buying an additional 1,134 shares during the last quarter. Finally, Jag Capital Management LLC increased its position in Simmons First National by 1.0% in the fourth quarter. Jag Capital Management LLC now owns 120,421 shares of the bank's stock worth $2,671,000 after buying an additional 1,185 shares during the last quarter. Institutional investors own 27.58% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SFNC. Keefe, Bruyette & Woods dropped their price target on Simmons First National from $23.00 to $21.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st. Stephens lowered their price objective 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. Finally, Piper Sandler upgraded shares of Simmons First National from an "underweight" rating to a "neutral" rating and increased their target price for the stock from $20.00 to $21.00 in a research report on Monday, April 21st.

Simmons First National Stock Performance

Simmons First National stock traded up $0.38 during mid-day trading on Friday, reaching $18.96. The company's stock had a trading volume of 450,843 shares, compared to its average volume of 616,255. The firm's fifty day moving average price is $18.80 and its two-hundred day moving average price is $21.11. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.79 and a current ratio of 0.79. Simmons First National Co. has a 12-month low of $16.03 and a 12-month high of $25.95. The company has a market capitalization of $2.39 billion, a P/E ratio of 15.67 and a beta of 0.93.

Simmons First National (NASDAQ:SFNC - Get Free Report) last posted 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). 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 the consensus estimate of $209.00 million. During the same period in the previous year, the business earned $0.32 earnings per share. Sell-side analysts predict that Simmons First National Co. will post 1.66 EPS for the current fiscal year.

Simmons First National Announces Dividend

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

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.