Dimensional Fund Advisors LP Has $130.28 Million Stock Holdings in Simmons First National Co. (NASDAQ:SFNC)

Dimensional Fund Advisors LP trimmed its position in shares of Simmons First National Co. (NASDAQ:SFNC - Free Report) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,566,350 shares of the bank's stock after selling 72,051 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.25% of Simmons First National worth $130,280,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. QRG Capital Management Inc. raised its stake in Simmons First National by 8.1% during the 4th quarter. QRG Capital Management Inc. now owns 13,984 shares of the bank's stock worth $277,000 after buying an additional 1,043 shares during the period. Picton Mahoney Asset Management acquired a new position in shares of Simmons First National in the 4th quarter valued at approximately $414,000. Everpar Advisors LLC bought a new stake in Simmons First National during the 4th quarter worth approximately $1,560,000. Simmons Bank lifted its stake in Simmons First National by 9.8% in the fourth quarter. Simmons Bank now owns 1,977,793 shares of the bank's stock valued at $39,239,000 after buying an additional 175,716 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Simmons First National by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,603,937 shares of the bank's stock worth $31,822,000 after acquiring an additional 69,560 shares during the period. Institutional investors own 27.58% of the company's stock.

Insider Activity at Simmons First National

In other news, EVP George A. Makris III sold 15,625 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $17.23, for a total value of $269,218.75. Following the transaction, the executive vice president now directly owns 39,707 shares of the company's stock, valued at $684,151.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.91% of the stock is currently owned by company insiders.

Simmons First National Stock Up 0.3 %

NASDAQ SFNC traded up $0.05 during trading hours on Friday, hitting $18.43. 331,632 shares of the company traded hands, compared to its average volume of 380,378. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 13.86 and a beta of 0.90. Simmons First National Co. has a twelve month low of $13.36 and a twelve month high of $20.82. The business's 50-day moving average is $18.37 and its 200-day moving average is $18.26. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.77 and a current ratio of 0.77.

Simmons First National (NASDAQ:SFNC - Get Free Report) last released its earnings results on Wednesday, April 24th. The bank reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. Simmons First National had a net margin of 11.97% and a return on equity of 5.94%. The business had revenue of $195.10 million during the quarter, compared to analysts' expectations of $202.35 million. During the same period last year, the business earned $0.37 earnings per share. The firm's revenue was down 12.8% on a year-over-year basis. Sell-side analysts anticipate that Simmons First National Co. will post 1.33 earnings per share for the current year.

Simmons First National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a $0.21 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.56%. Simmons First National's payout ratio is 63.16%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Robert W. Baird boosted their price target on Simmons First National from $20.00 to $22.00 and gave the company a "neutral" rating in a report on Thursday, January 25th. StockNews.com downgraded Simmons First National from a "hold" rating to a "sell" rating in a research report on Friday, February 2nd. Keefe, Bruyette & Woods lowered their price objective on shares of Simmons First National from $21.00 to $20.00 and set a "market perform" rating on the stock in a report on Thursday, April 25th. Finally, Stephens cut their price objective on shares of Simmons First National from $22.00 to $21.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $21.00.

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.