Simmons First National Co. (NASDAQ:SFNC) Position Decreased by Voya Investment Management LLC

Voya Investment Management LLC trimmed its holdings in Simmons First National Co. (NASDAQ:SFNC - Free Report) by 13.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 196,180 shares of the bank's stock after selling 30,511 shares during the period. Voya Investment Management LLC owned about 0.16% of Simmons First National worth $4,351,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp bought a new position in Simmons First National during the 4th quarter valued at $29,000. Smartleaf Asset Management LLC raised its stake 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 valued at $48,000 after purchasing an additional 1,345 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of Simmons First National by 813.8% during the fourth quarter. Sterling Capital Management LLC now owns 3,911 shares of the bank's stock worth $87,000 after purchasing an additional 3,483 shares during the last quarter. KBC Group NV grew its stake in Simmons First National by 31.0% in the fourth quarter. KBC Group NV now owns 6,091 shares of the bank's stock worth $135,000 after purchasing an additional 1,443 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in Simmons First National in the fourth quarter valued at about $212,000. Institutional investors and hedge funds own 27.58% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on SFNC. Piper Sandler upgraded Simmons First National from an "underweight" rating to a "neutral" rating and lifted their target price for the stock from $20.00 to $21.00 in a research report on Monday, April 21st. Keefe, Bruyette & Woods decreased their price objective on shares of 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. Finally, Stephens dropped their target price on shares of Simmons First National from $27.00 to $25.00 and set an "overweight" rating on the stock in a report on Monday, April 21st.

Simmons First National Stock Performance

SFNC stock traded up $0.11 during trading on Wednesday, reaching $19.17. 42,071 shares of the company's stock were exchanged, compared to its average volume of 606,495. Simmons First National Co. has a 1-year low of $16.03 and a 1-year high of $25.95. The firm has a market cap of $2.41 billion, a PE ratio of 15.84 and a beta of 0.91. The company's fifty day moving average price is $19.44 and its 200-day moving average price is $21.84. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.32.

Simmons First National (NASDAQ:SFNC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The bank reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.10). Simmons First National had a return on equity of 5.10% and a net margin of 10.46%. The company had revenue of $209.58 million during the quarter, compared to analyst estimates of $209.00 million. During the same period in the previous year, the company earned $0.32 EPS. On average, research analysts expect that Simmons First National Co. will post 1.66 EPS 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.