Y Intercept Hong Kong Ltd bought a new position in shares of Simmons First National Corporation (NASDAQ:SFNC - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 21,109 shares of the bank's stock, valued at approximately $433,000.
Other institutional investors have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Simmons First National during the fourth quarter worth approximately $36,000. Quarry LP purchased a new position in shares of Simmons First National during the fourth quarter worth approximately $47,000. Sterling Capital Management LLC increased its position in shares of Simmons First National by 813.8% during the fourth quarter. Sterling Capital Management LLC now owns 3,911 shares of the bank's stock worth $87,000 after acquiring an additional 3,483 shares during the period. CWM LLC increased its position in shares of Simmons First National by 99.0% during the first quarter. CWM LLC now owns 4,625 shares of the bank's stock worth $95,000 after acquiring an additional 2,301 shares during the period. Finally, Aquatic Capital Management LLC purchased a new position in shares of Simmons First National during the fourth quarter worth approximately $114,000. 27.58% of the stock is owned by hedge funds and other institutional investors.
Simmons First National Trading Down 0.8%
Shares of Simmons First National stock traded down $0.16 during mid-day trading on Friday, hitting $19.02. The stock had a trading volume of 851,221 shares, compared to its average volume of 839,215. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.28. The firm has a market cap of $2.70 billion, a P/E ratio of 14.95 and a beta of 0.92. The firm has a 50-day moving average of $19.25 and a two-hundred day moving average of $20.08. Simmons First National Corporation has a 12-month low of $17.20 and a 12-month high of $25.95.
Simmons First National (NASDAQ:SFNC - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The bank reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.04. The firm had revenue of $214.18 million during the quarter, compared to analysts' expectations of $217.21 million. Simmons First National had a net margin of 11.19% and a return on equity of 5.23%. The firm's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company posted $0.33 EPS. Sell-side analysts forecast that Simmons First National Corporation will post 1.66 earnings per share for the current year.
Simmons First National Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were issued a $0.2125 dividend. This represents a $0.85 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Friday, June 13th. Simmons First National's dividend payout ratio (DPR) is presently 66.93%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on SFNC. DA Davidson lifted their price objective on shares of Simmons First National from $21.00 to $23.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Keefe, Bruyette & Woods lifted their price target on shares of Simmons First National from $21.00 to $22.00 and gave the stock a "market perform" rating in a report on Monday, July 21st. Piper Sandler raised shares of Simmons First National from an "underweight" rating to a "neutral" rating and boosted their price objective for the company from $20.00 to $21.00 in a report on Monday, April 21st. Wall Street Zen raised shares of Simmons First National from a "sell" rating to a "hold" rating in a report on Friday, July 18th. 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. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Simmons First National has an average rating of "Hold" and a consensus price target of $22.75.
Read Our Latest Stock Analysis on SFNC
Insiders Place Their Bets
In related news, COO Steenberg Christopher J. Van bought 13,500 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The shares were purchased at an average cost of $18.50 per share, with a total value of $249,750.00. Following the transaction, the chief operating officer directly owned 13,500 shares of the company's stock, valued at approximately $249,750. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Russell William Teubner bought 4,050 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The stock was bought at an average cost of $18.50 per share, for a total transaction of $74,925.00. Following the completion of the transaction, the director directly owned 25,576 shares in the company, valued at approximately $473,156. The trade was a 18.81% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 89,555 shares of company stock worth $1,656,768. 1.44% of the stock is currently owned by insiders.
About Simmons First National
(
Free Report)
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.
Read More

Before you consider Simmons First National, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Simmons First National wasn't on the list.
While Simmons First National currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.