Northern Trust Corp Reduces Holdings in Simmons First National Co. (NASDAQ:SFNC)

Northern Trust Corp lowered its stake in Simmons First National Co. (NASDAQ:SFNC - Free Report) by 1.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,495,904 shares of the bank's stock after selling 48,046 shares during the quarter. Northern Trust Corp owned 3.58% of Simmons First National worth $99,719,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SFNC. Norges Bank bought a new stake in shares of Simmons First National in the 4th quarter worth approximately $27,095,000. Vanguard Group Inc. grew its position in shares of Simmons First National by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 14,866,647 shares of the bank's stock worth $329,742,000 after buying an additional 630,376 shares during the period. JPMorgan Chase & Co. lifted its position in Simmons First National by 49.6% during the 4th quarter. JPMorgan Chase & Co. now owns 1,011,431 shares of the bank's stock valued at $22,434,000 after acquiring an additional 335,260 shares during the period. Invesco Ltd. boosted its position in shares of Simmons First National by 71.2% in the 4th quarter. Invesco Ltd. now owns 631,203 shares of the bank's stock worth $14,000,000 after purchasing an additional 262,529 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Simmons First National by 692.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 221,855 shares of the bank's stock worth $4,921,000 after acquiring an additional 193,856 shares in the last quarter. 27.58% of the stock is currently owned by institutional investors.

Simmons First National Price Performance

SFNC traded down $0.03 on Wednesday, hitting $19.03. 421,410 shares of the company's stock traded hands, compared to its average volume of 607,953. Simmons First National Co. has a one year low of $16.03 and a one year high of $25.95. 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 firm has a market cap of $2.40 billion, a price-to-earnings ratio of 15.73 and a beta of 0.91. The company's 50 day simple moving average is $19.44 and its 200-day simple moving average is $21.84.

Simmons First National (NASDAQ:SFNC - Get Free Report) last posted its 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 firm had revenue of $209.58 million during the quarter, compared to analysts' expectations of $209.00 million. During the same quarter in the prior year, the firm posted $0.32 earnings per share. As a group, research analysts anticipate that Simmons First National Co. will post 1.66 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Stephens lowered their price target on Simmons First National from $27.00 to $25.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. 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. Finally, Piper Sandler upgraded Simmons First National from an "underweight" rating to a "neutral" rating and upped their price target for the stock from $20.00 to $21.00 in a research report 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.