Simmons First National Co. (NASDAQ:SFNC) Holdings Lifted by Scissortail Wealth Management LLC

Scissortail Wealth Management LLC grew its holdings in Simmons First National Co. (NASDAQ:SFNC - Free Report) by 1,045,033.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 31,354 shares of the bank's stock after buying an additional 31,351 shares during the period. Scissortail Wealth Management LLC's holdings in Simmons First National were worth $695,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Barclays PLC lifted its holdings 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 acquiring an additional 140,738 shares during the period. Franklin Resources Inc. purchased a new position in shares of Simmons First National in the 3rd quarter valued at about $1,339,000. Principal Financial Group Inc. lifted its stake in shares of Simmons First National by 4.4% in the third quarter. Principal Financial Group Inc. now owns 646,325 shares of the bank's stock valued at $13,922,000 after purchasing an additional 27,479 shares during the period. M.E. Allison & CO. Inc. purchased a new stake in Simmons First National during the fourth quarter worth about $889,000. Finally, KBC Group NV grew its position in Simmons First National by 31.0% during the fourth quarter. KBC Group NV now owns 6,091 shares of the bank's stock worth $135,000 after buying an additional 1,443 shares during the period. Institutional investors and hedge funds own 27.58% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SFNC shares. Piper Sandler raised Simmons First National from an "underweight" rating to a "neutral" rating and lifted their price target for the stock from $20.00 to $21.00 in a research note on Monday, April 21st. Stephens decreased their price objective 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. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Simmons First National from $23.00 to $21.00 and set a "market perform" rating for the company in a report on Monday, April 21st.

Simmons First National Stock Performance

Shares of Simmons First National stock traded up $0.06 during trading hours on Thursday, reaching $19.02. The company's stock had a trading volume of 140,494 shares, compared to its average volume of 612,403. Simmons First National Co. has a one year low of $16.03 and a one year high of $25.95. The company's 50 day simple moving average is $19.24 and its 200 day simple moving average is $21.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market cap of $2.39 billion, a P/E ratio of 15.72 and a beta of 0.91.

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 the consensus estimate of $0.36 by ($0.10). The company had revenue of $209.58 million for the quarter, compared to the consensus estimate 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 posted $0.32 earnings per share. As a group, analysts expect that Simmons First National Co. will post 1.66 EPS for the current fiscal year.

Simmons First National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a $0.2125 dividend. This represents a $0.85 annualized dividend and a yield of 4.47%. The ex-dividend date is Friday, June 13th. Simmons First National's dividend payout ratio is presently 73.28%.

Simmons First National 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.