Simmons First National Corporation $SFNC Stake Lessened by Burney Co.

Burney Co. lessened its stake in shares of Simmons First National Corporation (NASDAQ:SFNC) by 46.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 138,929 shares of the bank’s stock after selling 122,758 shares during the quarter. Burney Co.’s holdings in Simmons First National were worth $2,702,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP bought a new position in Simmons First National during the 3rd quarter valued at $129,282,000. Basswood Capital Management L.L.C. raised its stake in shares of Simmons First National by 325.7% in the 4th quarter. Basswood Capital Management L.L.C. now owns 1,143,055 shares of the bank’s stock worth $21,547,000 after buying an additional 874,513 shares in the last quarter. Leeward Investments LLC MA acquired a new position in Simmons First National during the first quarter worth about $15,744,000. Goldman Sachs Group Inc. grew its holdings in Simmons First National by 97.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,469,594 shares of the bank’s stock worth $27,702,000 after acquiring an additional 725,489 shares during the period. Finally, Azora Capital LP bought a new stake in Simmons First National in the third quarter worth about $13,177,000. Institutional investors own 27.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SFNC. National Bank Financial set a $24.00 price objective on shares of Simmons First National in a research report on Monday, June 29th. Morgan Stanley reiterated a “positive” rating on shares of Simmons First National in a report on Monday, June 29th. Zacks Research lowered shares of Simmons First National from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. DA Davidson restated a “neutral” rating and set a $21.00 target price on shares of Simmons First National in a report on Friday, April 17th. Finally, Stephens lifted their price target on shares of Simmons First National from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

Simmons First National Stock Performance

Simmons First National stock opened at $22.75 on Wednesday. Simmons First National Corporation has a fifty-two week low of $17.00 and a fifty-two week high of $23.40. The firm’s 50 day simple moving average is $21.73 and its 200-day simple moving average is $20.61. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $3.30 billion, a P/E ratio of -8.89 and a beta of 0.90.

Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings data on Thursday, April 16th. The bank reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. Simmons First National had a negative net margin of 25.44% and a positive return on equity of 7.81%. The firm had revenue of $241.37 million during the quarter, compared to analyst estimates of $243.02 million. During the same quarter last year, the business posted $0.26 EPS. The company’s revenue was up 15.2% on a year-over-year basis. As a group, equities research analysts predict that Simmons First National Corporation will post 2.08 EPS for the current year.

Simmons First National Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were given a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, June 15th. Simmons First National’s dividend payout ratio (DPR) is -33.59%.

Simmons First National Profile

Simmons First National Corporation (NASDAQ:SFNC) is a bank holding company headquartered in Pine Bluff, Arkansas. Through its primary operating subsidiary, Simmons Bank, the company maintains a network of more than 200 branches across Arkansas, Tennessee, Missouri, Mississippi, Texas, Oklahoma and North Carolina. Simmons First National offers a full suite of financial services to individuals, small businesses and commercial clients, emphasizing relationship-driven community banking.

The company’s core business activities span deposit-taking, lending and payment services.