TIAA CREF Investment Management LLC lifted its holdings in shares of Simmons First National Co. (NASDAQ:SFNC) by 26.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 101,092 shares of the bank’s stock after buying an additional 21,061 shares during the period. TIAA CREF Investment Management LLC’s holdings in Simmons First National were worth $5,772,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in SFNC. SG Americas Securities LLC acquired a new stake in shares of Simmons First National during the third quarter worth about $278,000. Ameriprise Financial Inc. lifted its position in Simmons First National by 6.3% in the third quarter. Ameriprise Financial Inc. now owns 172,355 shares of the bank’s stock valued at $9,980,000 after purchasing an additional 10,250 shares during the period. Legal & General Group Plc lifted its position in Simmons First National by 7.1% in the third quarter. Legal & General Group Plc now owns 61,808 shares of the bank’s stock valued at $3,579,000 after purchasing an additional 4,073 shares during the period. Wells Fargo & Company MN lifted its position in Simmons First National by 51.9% in the third quarter. Wells Fargo & Company MN now owns 35,206 shares of the bank’s stock valued at $2,038,000 after purchasing an additional 12,023 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its position in Simmons First National by 5.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 148,118 shares of the bank’s stock valued at $8,577,000 after purchasing an additional 7,782 shares during the period. Institutional investors and hedge funds own 25.88% of the company’s stock.
In other Simmons First National news, insider Vernon Wilson Jr. Bryant sold 10,000 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $28.99, for a total value of $289,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Steven C. Wade sold 8,610 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $29.34, for a total transaction of $252,617.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,610 shares of company stock valued at $4,085,217. 2.76% of the stock is currently owned by corporate insiders.
Shares of NASDAQ:SFNC opened at $28.70 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $2,610.72, a P/E ratio of 16.78 and a beta of 1.14. Simmons First National Co. has a 52 week low of $24.88 and a 52 week high of $30.90.
Simmons First National (NASDAQ:SFNC) last announced its quarterly earnings data on Monday, January 22nd. The bank reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.03. The firm had revenue of $163.55 million during the quarter, compared to the consensus estimate of $155.80 million. Simmons First National had a net margin of 17.41% and a return on equity of 8.28%. sell-side analysts anticipate that Simmons First National Co. will post 2.3 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, April 5th. Shareholders of record on Thursday, March 15th were issued a $0.15 dividend. The ex-dividend date was Wednesday, March 14th. This represents a $0.60 dividend on an annualized basis and a yield of 2.09%. Simmons First National’s dividend payout ratio (DPR) is presently 35.09%.
A number of brokerages recently commented on SFNC. BidaskClub upgraded shares of Simmons First National from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Zacks Investment Research downgraded shares of Simmons First National from a “buy” rating to a “hold” rating in a research report on Wednesday, April 4th. Finally, Sandler O’Neill upgraded shares of Simmons First National from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Wednesday, January 24th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $31.70.
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Simmons First National Company 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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