Simmons First National Co. (NASDAQ:SFNC) Shares Bought by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. lifted its position in Simmons First National Co. (NASDAQ:SFNC - Free Report) by 91.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,093 shares of the bank's stock after acquiring an additional 38,212 shares during the period. Balyasny Asset Management L.P. owned 0.06% of Simmons First National worth $1,776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp acquired a new position in Simmons First National during the fourth quarter worth $29,000. Quarry LP purchased a new stake in Simmons First National in the fourth quarter valued at $47,000. Smartleaf Asset Management LLC raised its position in Simmons First National by 168.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,144 shares of the bank's stock valued at $48,000 after purchasing an additional 1,345 shares during the period. Sterling Capital Management LLC raised its position in Simmons First National by 813.8% in the fourth quarter. Sterling Capital Management LLC now owns 3,911 shares of the bank's stock valued at $87,000 after purchasing an additional 3,483 shares during the period. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Simmons First National in the 4th quarter valued at $114,000. 27.58% of the stock is owned by institutional investors and hedge funds.

Simmons First National Stock Performance

NASDAQ SFNC opened at $20.19 on Tuesday. Simmons First National Co. has a 1-year low of $16.03 and a 1-year high of $25.95. The company has a market capitalization of $2.54 billion, a P/E ratio of 16.69 and a beta of 0.91. The business has a 50 day moving average price of $19.29 and a 200 day moving average price of $21.73. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.79 and a quick ratio of 0.79.

Simmons First National (NASDAQ:SFNC - Get Free Report) last announced 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). The company had revenue of $209.58 million for 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 quarter last year, the company posted $0.32 EPS. Sell-side analysts expect that Simmons First National Co. will post 1.66 EPS for the current fiscal year.

Simmons First National Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be issued a dividend of $0.2125 per share. This represents a $0.85 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend is Friday, June 13th. Simmons First National's dividend payout ratio (DPR) is 73.28%.

Wall Street Analysts Forecast Growth

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 upped their price objective for the stock from $20.00 to $21.00 in a research report on Monday, April 21st. 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 note on Monday, April 21st. Finally, Keefe, Bruyette & Woods reduced their price objective on Simmons First National from $23.00 to $21.00 and set a "market perform" rating for the company in a research note 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.

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