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

Renaissance Technologies LLC boosted its position in Simmons First National Co. (NASDAQ:SFNC - Free Report) by 54.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 85,457 shares of the bank's stock after acquiring an additional 30,200 shares during the period. Renaissance Technologies LLC owned 0.07% of Simmons First National worth $1,895,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in SFNC. Barclays PLC lifted its holdings in shares of 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 in the last quarter. Franklin Resources Inc. purchased a new position in Simmons First National in the third quarter valued at approximately $1,339,000. Principal Financial Group Inc. grew its stake in shares of 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 during the period. JPMorgan Chase & Co. boosted its position in Simmons First National by 33.8% during the third quarter. JPMorgan Chase & Co. now owns 676,171 shares of the bank's stock worth $14,565,000 after purchasing an additional 170,821 shares during the period. Finally, M.E. Allison & CO. Inc. bought a new position in shares of Simmons First National in the fourth quarter worth $889,000. Institutional investors and hedge funds own 27.58% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SFNC. Piper Sandler raised shares of Simmons First National from an "underweight" rating to a "neutral" rating and upped their target price for the stock from $20.00 to $21.00 in a report on Monday, April 21st. Stephens reduced their target price on Simmons First National from $27.00 to $25.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Finally, Keefe, Bruyette & Woods cut their price objective on 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 Trading Up 1.0 %

Shares of SFNC stock traded up $0.18 on Thursday, hitting $18.84. 67,485 shares of the company's stock traded hands, compared to its average volume of 604,828. 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 capitalization of $2.37 billion, a price-to-earnings ratio of 15.55 and a beta of 0.82. The company's fifty day simple moving average is $19.64 and its 200 day simple moving average is $21.96. Simmons First National Co. has a one year low of $16.03 and a one year high of $25.95.

Simmons First National (NASDAQ:SFNC - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The bank reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $209.58 million during the quarter, compared to analysts' expectations of $209.00 million. During the same period last year, the firm earned $0.32 earnings per share. Equities analysts forecast that Simmons First National Co. will post 1.66 EPS for the current year.

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.