Rhumbline Advisers raised its holdings in Simmons First National Co. (NASDAQ:SFNC) by 1.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 274,682 shares of the bank’s stock after acquiring an additional 2,888 shares during the quarter. Rhumbline Advisers’ holdings in Simmons First National were worth $6,724,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also made changes to their positions in the business. BlackRock Inc. grew its position in Simmons First National by 3.0% in the 4th quarter. BlackRock Inc. now owns 13,561,463 shares of the bank’s stock valued at $327,238,000 after acquiring an additional 391,028 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Simmons First National by 4.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,353,621 shares of the bank’s stock worth $129,183,000 after buying an additional 227,228 shares during the period. King Luther Capital Management Corp lifted its holdings in shares of Simmons First National by 2.3% in the 4th quarter. King Luther Capital Management Corp now owns 1,328,483 shares of the bank’s stock worth $32,056,000 after buying an additional 30,342 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Simmons First National by 1.6% in the 4th quarter. Bank of New York Mellon Corp now owns 1,215,731 shares of the bank’s stock worth $29,335,000 after buying an additional 18,618 shares during the period. Finally, Rothschild & Co. Asset Management US Inc. lifted its holdings in shares of Simmons First National by 1.8% in the 4th quarter. Rothschild & Co. Asset Management US Inc. now owns 1,095,200 shares of the bank’s stock worth $26,427,000 after buying an additional 19,737 shares during the period. 27.54% of the stock is currently owned by institutional investors.
Shares of NASDAQ SFNC opened at $23.75 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market cap of $2.36 billion, a P/E ratio of 10.02 and a beta of 1.07. Simmons First National Co. has a 1-year low of $22.64 and a 1-year high of $33.45.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 17th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Friday, June 14th. Simmons First National’s dividend payout ratio (DPR) is currently 27.00%.
Several brokerages have weighed in on SFNC. Zacks Investment Research upgraded Simmons First National from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. BidaskClub cut Simmons First National from a “hold” rating to a “sell” rating in a report on Thursday, April 25th. Stephens set a $31.00 target price on Simmons First National and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Robert W. Baird reiterated a “neutral” rating on shares of Simmons First National in a report on Thursday, April 11th. Finally, ValuEngine cut Simmons First National from a “sell” rating to a “strong sell” rating in a report on Thursday, March 7th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $30.20.
In related news, CEO George Makris, Jr. acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The stock was purchased at an average cost 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 this hyperlink. Also, EVP Patrick A. Burrow acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were bought at an average price of $25.30 per share, with a total value of $25,300.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 7,000 shares of company stock valued at $171,860 over the last 90 days. 2.02% of the stock is currently owned by company insiders.
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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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