Texas Permanent School Fund Has $1.54 Million Stake in Simmons First National Co. (SFNC)

Texas Permanent School Fund increased its position in Simmons First National Co. (NASDAQ:SFNC) by 3.6% in the 1st quarter, Holdings Channel reports. The firm owned 62,703 shares of the bank’s stock after buying an additional 2,152 shares during the period. Texas Permanent School Fund’s holdings in Simmons First National were worth $1,535,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of SFNC. Horrell Capital Management Inc. raised its stake in Simmons First National by 0.9% during the 4th quarter. Horrell Capital Management Inc. now owns 62,058 shares of the bank’s stock valued at $1,497,000 after acquiring an additional 566 shares during the last quarter. Versant Capital Management Inc raised its stake in Simmons First National by 56.6% during the 1st quarter. Versant Capital Management Inc now owns 1,895 shares of the bank’s stock valued at $46,000 after acquiring an additional 685 shares during the last quarter. Oberweis Asset Management Inc. raised its stake in Simmons First National by 1.8% during the 4th quarter. Oberweis Asset Management Inc. now owns 40,330 shares of the bank’s stock valued at $973,000 after acquiring an additional 700 shares during the last quarter. Piedmont Investment Advisors Inc. raised its stake in Simmons First National by 3.6% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 21,983 shares of the bank’s stock valued at $530,000 after acquiring an additional 758 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in Simmons First National by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 19,915 shares of the bank’s stock valued at $481,000 after acquiring an additional 776 shares during the last quarter. 27.54% of the stock is owned by institutional investors and hedge funds.

Several analysts have commented on SFNC shares. ValuEngine raised Simmons First National from a “strong sell” rating to a “sell” rating in a research note on Friday, February 8th. BidaskClub upgraded Simmons First National from a “hold” rating to a “buy” rating in a research report on Saturday, February 23rd. DA Davidson initiated coverage on Simmons First National in a research report on Friday, March 15th. They set a “buy” rating and a $31.00 target price on the stock. Zacks Investment Research cut Simmons First National from a “hold” rating to a “sell” rating in a research report on Wednesday, March 27th. Finally, Robert W. Baird initiated coverage on Simmons First National in a research report on Wednesday, April 10th. They set a “hold” rating and a $27.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $30.20.

NASDAQ SFNC traded down $0.44 on Thursday, hitting $23.87. 2,180 shares of the company’s stock were exchanged, compared to its average volume of 455,346. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.66. Simmons First National Co. has a fifty-two week low of $22.64 and a fifty-two week high of $33.45. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 10.06 and a beta of 1.07.

Simmons First National (NASDAQ:SFNC) last released its earnings results on Monday, April 22nd. The bank reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.02). Simmons First National had a return on equity of 9.76% and a net margin of 25.17%. The business had revenue of $170.79 million for the quarter, compared to analyst estimates of $171.00 million. Equities analysts forecast that Simmons First National Co. will post 2.39 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 17th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Friday, June 14th. Simmons First National’s dividend payout ratio is currently 27.00%.

In other news, CEO George Makris, Jr. purchased 5,000 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were acquired at an average price of $24.39 per share, for a total transaction of $121,950.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Patrick A. Burrow purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was purchased at an average price of $25.30 per share, for a total transaction of $25,300.00. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 7,000 shares of company stock worth $171,860. Insiders own 2.02% of the company’s stock.

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Simmons First National Profile

Simmons First National Corporation operates as the holding company for Simmons Bank that provides financial products and services to individuals and businesses. It offers checking, savings, and time deposits; loan products, including consumer, real estate, commercial, agricultural, equipment, and SBA lending; personal and corporate trust services; credit cards; investment management products; insurance products; and securities and investment services.

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Institutional Ownership by Quarter for Simmons First National (NASDAQ:SFNC)

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