Renaissance Technologies LLC Increases Stock Holdings in Simmons First National Co. (NASDAQ:SFNC)

Renaissance Technologies LLC increased its stake in Simmons First National Co. (NASDAQ:SFNC - Free Report) by 54.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 85,457 shares of the bank's stock after acquiring an additional 30,200 shares during the quarter. Renaissance Technologies LLC owned about 0.07% of Simmons First National worth $1,895,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SFNC. CIBC Asset Management Inc increased its position in shares of Simmons First National by 6.3% during the fourth quarter. CIBC Asset Management Inc now owns 12,581 shares of the bank's stock worth $279,000 after buying an additional 751 shares during the period. HighTower Advisors LLC increased its holdings in shares of Simmons First National by 4.3% during the fourth quarter. HighTower Advisors LLC now owns 19,600 shares of the bank's stock valued at $435,000 after acquiring an additional 812 shares in the last quarter. Jag Capital Management LLC raised its position in shares of Simmons First National by 1.0% during the fourth quarter. Jag Capital Management LLC now owns 120,421 shares of the bank's stock worth $2,671,000 after purchasing an additional 1,185 shares during the period. Jones Financial Companies Lllp acquired a new stake in Simmons First National in the 4th quarter valued at $29,000. Finally, Smartleaf Asset Management LLC increased its stake in Simmons First National by 168.3% during the 4th 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 in the last quarter. Institutional investors own 27.58% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SFNC shares. Stephens decreased their price target on 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 target on shares of 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. Finally, Piper Sandler upgraded shares of Simmons First National from an "underweight" rating to a "neutral" rating and raised their price objective for the stock from $20.00 to $21.00 in a report on Monday, April 21st.

Simmons First National Stock Performance

NASDAQ:SFNC traded down $0.03 during trading hours on Wednesday, reaching $18.73. The stock had a trading volume of 182,314 shares, compared to its average volume of 604,714. Simmons First National Co. has a 12-month low of $16.03 and a 12-month high of $25.95. 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 50 day simple moving average of $19.70 and a 200 day simple moving average of $21.98. The stock has a market cap of $2.36 billion, a P/E ratio of 15.48 and a beta of 0.82.

Simmons First National (NASDAQ:SFNC - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The bank reported $0.26 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.10). The business had revenue of $209.58 million for the quarter, compared to analysts' expectations 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, research analysts forecast 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.