Rhino Investment Partners Inc Buys Shares of 880,582 Simmons First National Co. (NASDAQ:SFNC)

Rhino Investment Partners Inc purchased a new position in shares of Simmons First National Co. (NASDAQ:SFNC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 880,582 shares of the bank's stock, valued at approximately $19,531,000. Simmons First National accounts for 4.3% of Rhino Investment Partners Inc's investment portfolio, making the stock its 8th biggest holding. Rhino Investment Partners Inc owned about 0.70% of Simmons First National as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC raised its position in Simmons First National by 131.4% in the third quarter. Barclays PLC now owns 247,821 shares of the bank's stock valued at $5,337,000 after purchasing an additional 140,738 shares during the period. Franklin Resources Inc. purchased a new stake in shares of Simmons First National in the 3rd quarter valued at $1,339,000. Principal Financial Group Inc. lifted its stake in Simmons First National by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 646,325 shares of the bank's stock worth $13,922,000 after acquiring an additional 27,479 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Simmons First National by 33.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 676,171 shares of the bank's stock worth $14,565,000 after acquiring an additional 170,821 shares in the last quarter. Finally, M.E. Allison & CO. Inc. purchased a new position in Simmons First National during the 4th quarter valued at about $889,000. 27.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SFNC shares. Stephens dropped their price objective on shares of Simmons First National from $27.00 to $25.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Keefe, Bruyette & Woods cut their price objective on Simmons First National from $23.00 to $21.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st. Finally, Piper Sandler upgraded 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 report on Monday, April 21st.

Simmons First National Stock Down 0.5 %

Simmons First National stock opened at $18.66 on Thursday. The stock has a market cap of $2.35 billion, a PE ratio of 15.42 and a beta of 0.82. 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 stock's fifty day moving average is $19.64 and its two-hundred day moving average is $21.96. Simmons First National Co. has a 1-year low of $16.03 and a 1-year high of $25.95.

Simmons First National (NASDAQ:SFNC - Get Free Report) last announced its quarterly earnings results 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). The business had revenue of $209.58 million during the quarter, compared to analyst estimates of $209.00 million. Simmons First National had a net margin of 10.46% and a return on equity of 5.10%. During the same period last year, the company earned $0.32 earnings per share. On average, sell-side analysts expect that Simmons First National Co. will post 1.66 EPS for the current fiscal year.

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.

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