Voloridge Investment Management LLC Sells 116,836 Shares of Simmons First National Co. (NASDAQ:SFNC)

Voloridge Investment Management LLC decreased its stake in shares of Simmons First National Co. (NASDAQ:SFNC - Free Report) by 65.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 61,895 shares of the bank's stock after selling 116,836 shares during the period. Voloridge Investment Management LLC's holdings in Simmons First National were worth $1,373,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Jones Financial Companies Lllp acquired a new position in shares of Simmons First National during the fourth quarter valued at $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Simmons First National during the 4th quarter valued at $36,000. Quarry LP purchased a new stake in shares of Simmons First National during the fourth quarter valued at $47,000. Smartleaf Asset Management LLC lifted its stake in Simmons First National by 168.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,144 shares of the bank's stock valued at $48,000 after buying an additional 1,345 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its stake in Simmons First National by 813.8% in the 4th quarter. Sterling Capital Management LLC now owns 3,911 shares of the bank's stock worth $87,000 after purchasing 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 SFNC stock traded down $0.23 during trading on Monday, reaching $18.53. The company had a trading volume of 498,577 shares, compared to its average volume of 615,411. The firm's 50 day simple moving average is $18.94 and its two-hundred day simple moving average is $21.22. Simmons First National Co. has a one year low of $16.03 and a one year 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 company has a market capitalization of $2.33 billion, a PE ratio of 15.31 and a beta of 0.91.

Simmons First National (NASDAQ:SFNC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The bank reported $0.26 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.10). Simmons First National had a net margin of 10.46% and a return on equity of 5.10%. The company had revenue of $209.58 million for the quarter, compared to analyst estimates of $209.00 million. During the same quarter last year, the business earned $0.32 EPS. Sell-side analysts forecast that Simmons First National Co. will post 1.66 earnings per share for the current year.

Simmons First National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a dividend of $0.2125 per share. This represents a $0.85 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date is Friday, June 13th. Simmons First National's dividend payout ratio is 73.28%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Stephens lowered 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 increased their price target for the stock from $20.00 to $21.00 in a research note on Monday, April 21st. Finally, Keefe, Bruyette & Woods reduced their price objective 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.

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.