Barclays PLC Buys 14,425 Shares of Simmons First National Co. (NASDAQ:SFNC)

Barclays PLC raised its position in shares of Simmons First National Co. (NASDAQ:SFNC - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 262,246 shares of the bank's stock after purchasing an additional 14,425 shares during the quarter. Barclays PLC owned about 0.21% of Simmons First National worth $5,816,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of SFNC. Franklin Resources Inc. purchased a new position in Simmons First National during the 3rd quarter worth approximately $1,339,000. Principal Financial Group Inc. lifted its stake in Simmons First National by 4.4% in 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. boosted its position 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 during the period. M.E. Allison & CO. Inc. purchased a new position in Simmons First National during the 4th quarter valued at about $889,000. Finally, KBC Group NV increased its holdings in shares of Simmons First National by 31.0% in the 4th quarter. KBC Group NV now owns 6,091 shares of the bank's stock valued at $135,000 after purchasing an additional 1,443 shares during the period. Institutional investors own 27.58% of the company's stock.

Simmons First National Stock Up 0.9 %

Shares of SFNC traded up $0.18 during trading hours on Thursday, hitting $18.84. 74,193 shares of the company were exchanged, compared to its average volume of 604,859. The firm's 50 day moving average is $19.64 and its 200-day moving average is $21.96. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.79 and a current ratio of 0.79. Simmons First National Co. has a 52 week low of $16.03 and a 52 week high of $25.95. The company has a market cap of $2.37 billion, a PE ratio of 15.58 and a beta of 0.82.

Simmons First National (NASDAQ:SFNC - Get Free Report) last released its quarterly 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 net margin of 10.46% and a return on equity of 5.10%. The firm had revenue of $209.58 million during the quarter, compared to the consensus estimate of $209.00 million. During the same period in the prior year, the business earned $0.32 EPS. On average, equities research analysts forecast that Simmons First National Co. will post 1.66 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.