Hancock Whitney Corp Takes $442,000 Position in Simmons First National Co. (NASDAQ:SFNC)

Hancock Whitney Corp bought a new position in shares of Simmons First National Co. (NASDAQ:SFNC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,914 shares of the bank's stock, valued at approximately $442,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc raised its holdings in shares of Simmons First National by 6.3% during the fourth quarter. CIBC Asset Management Inc now owns 12,581 shares of the bank's stock valued at $279,000 after acquiring an additional 751 shares during the period. HighTower Advisors LLC raised its position 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 buying an additional 812 shares during the period. Jag Capital Management LLC lifted its stake in Simmons First National by 1.0% in the 4th quarter. Jag Capital Management LLC now owns 120,421 shares of the bank's stock worth $2,671,000 after acquiring an additional 1,185 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in Simmons First National during the 4th quarter worth about $29,000. Finally, Smartleaf Asset Management LLC grew its stake in Simmons First National by 168.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,144 shares of the bank's stock valued at $48,000 after acquiring an additional 1,345 shares in the last quarter. 27.58% of the stock is currently owned by institutional investors and hedge funds.

Simmons First National Stock Up 1.0 %

NASDAQ SFNC traded up $0.19 during trading on Thursday, reaching $18.85. The company's stock had a trading volume of 490,871 shares, compared to its average volume of 606,487. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $2.37 billion, a PE ratio of 15.58 and a beta of 0.82. Simmons First National Co. has a 1-year low of $16.03 and a 1-year high of $25.95. The business has a 50-day moving average price of $19.64 and a 200-day moving average price of $21.96.

Simmons First National (NASDAQ:SFNC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The bank reported $0.26 earnings per share (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 business had revenue of $209.58 million during the quarter, compared to the consensus estimate of $209.00 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. On average, research analysts forecast that Simmons First National Co. will post 1.66 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SFNC has been the subject of a number of research analyst reports. Stephens reduced their price target 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. Piper Sandler raised shares of Simmons First National from an "underweight" rating to a "neutral" rating and lifted their target price for the company from $20.00 to $21.00 in a research note on Monday, April 21st. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Simmons First National from $23.00 to $21.00 and set a "market perform" rating on the stock in a research note on Monday, April 21st.

About Simmons First National

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.