State of Tennessee Department of Treasury Purchases 15,175 Shares of Simmons First National Co. (NASDAQ:SFNC)

State of Tennessee Department of Treasury grew its position in Simmons First National Co. (NASDAQ:SFNC - Free Report) by 22.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 82,890 shares of the bank's stock after acquiring an additional 15,175 shares during the quarter. State of Tennessee Department of Treasury owned 0.07% of Simmons First National worth $1,839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp bought a new stake in Simmons First National in the fourth quarter worth $29,000. Smartleaf Asset Management LLC increased its holdings in shares of Simmons First National by 168.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,144 shares of the bank's stock worth $48,000 after buying an additional 1,345 shares during the last quarter. Sterling Capital Management LLC raised its position in shares of Simmons First National by 813.8% during the 4th quarter. Sterling Capital Management LLC now owns 3,911 shares of the bank's stock valued at $87,000 after buying an additional 3,483 shares in the last quarter. KBC Group NV lifted 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 acquiring an additional 1,443 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in Simmons First National in the fourth quarter worth about $212,000. 27.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Simmons First National Trading Up 2.1 %

Shares of SFNC traded up $0.39 during mid-day trading on Friday, reaching $19.24. 393,098 shares of the company's stock traded hands, compared to its average volume of 608,932. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.79 and a quick ratio of 0.79. The stock's 50-day moving average is $19.54 and its two-hundred day moving average is $21.90. Simmons First National Co. has a 12 month low of $16.03 and a 12 month high of $25.95. The stock has a market cap of $2.42 billion, a P/E ratio of 15.90 and a beta of 0.82.

Simmons First National (NASDAQ:SFNC - Get Free Report) last released its earnings results on Wednesday, April 16th. The bank reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.10). The business had revenue of $209.58 million during the quarter, compared to analysts' expectations of $209.00 million. Simmons First National had a return on equity of 5.10% and a net margin of 10.46%. During the same quarter in the previous year, the business earned $0.32 EPS. Research analysts forecast that Simmons First National Co. will post 1.66 earnings per share for the current fiscal 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.