Federated Investors Inc. PA grew its stake in Simmons First National Co. (NASDAQ:SFNC) by 319.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 280,949 shares of the bank’s stock after buying an additional 214,027 shares during the period. Federated Investors Inc. PA’s holdings in Simmons First National were worth $8,400,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Simmons First National by 184.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,820 shares of the bank’s stock worth $137,000 after purchasing an additional 3,123 shares during the period. SG Americas Securities LLC acquired a new stake in Simmons First National during the first quarter worth approximately $155,000. LPL Financial LLC acquired a new stake in Simmons First National during the first quarter worth approximately $217,000. Diversified Trust Co grew its stake in Simmons First National by 77.0% during the first quarter. Diversified Trust Co now owns 7,938 shares of the bank’s stock worth $226,000 after purchasing an additional 3,452 shares during the period. Finally, Neuburgh Advisers LLC grew its stake in Simmons First National by 150.5% during the first quarter. Neuburgh Advisers LLC now owns 8,016 shares of the bank’s stock worth $228,000 after purchasing an additional 4,816 shares during the period. 30.02% of the stock is owned by institutional investors.
In other Simmons First National news, Director Russell William Teubner sold 2,072 shares of the stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $30.12, for a total value of $62,408.64. Following the transaction, the director now owns 1,498 shares in the company, valued at $45,119.76. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.76% of the stock is currently owned by corporate insiders.
Shares of NASDAQ:SFNC opened at $31.90 on Friday. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 15.25 and a beta of 1.09. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.01 and a current ratio of 1.02. Simmons First National Co. has a 52-week low of $25.05 and a 52-week high of $33.45.
Simmons First National (NASDAQ:SFNC) last announced its quarterly earnings results on Monday, July 23rd. The bank reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58. The business had revenue of $174.89 million for the quarter, compared to analyst estimates of $174.75 million. Simmons First National had a return on equity of 9.32% and a net margin of 21.66%. equities research analysts anticipate that Simmons First National Co. will post 2.33 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 5th. Shareholders of record on Friday, September 14th will be issued a $0.15 dividend. The ex-dividend date is Thursday, September 13th. This represents a $0.60 annualized dividend and a yield of 1.88%. Simmons First National’s payout ratio is currently 35.09%.
SFNC has been the topic of several recent research reports. Zacks Investment Research lowered Simmons First National from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. BidaskClub lowered Simmons First National from a “buy” rating to a “hold” rating in a report on Saturday, June 30th. Sandler O’Neill lowered Simmons First National from a “buy” rating to a “hold” rating and set a $33.00 price target on the stock. in a report on Wednesday, July 25th. Finally, ValuEngine lowered Simmons First National from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $33.00.
About Simmons First National
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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