39,692 Shares in Simmons First National Co. (NASDAQ:SFNC) Bought by Gilliland Jeter Wealth Management LLC

Gilliland Jeter Wealth Management LLC purchased a new position in Simmons First National Co. (NASDAQ:SFNC) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 39,692 shares of the bank’s stock, valued at approximately $787,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in Simmons First National by 6.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,534,377 shares of the bank’s stock valued at $26,023,000 after buying an additional 93,507 shares during the period. LSV Asset Management lifted its position in Simmons First National by 5.7% during the third quarter. LSV Asset Management now owns 630,600 shares of the bank’s stock valued at $10,695,000 after buying an additional 33,770 shares during the period. American Century Companies Inc. lifted its position in Simmons First National by 8.1% during the third quarter. American Century Companies Inc. now owns 358,314 shares of the bank’s stock valued at $6,077,000 after buying an additional 26,724 shares during the period. Swiss National Bank lifted its position in Simmons First National by 1.0% during the third quarter. Swiss National Bank now owns 279,886 shares of the bank’s stock valued at $4,747,000 after buying an additional 2,800 shares during the period. Finally, Burney Co. lifted its position in Simmons First National by 5.8% during the third quarter. Burney Co. now owns 265,145 shares of the bank’s stock valued at $4,497,000 after buying an additional 14,500 shares during the period. Hedge funds and other institutional investors own 27.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on SFNC shares. Keefe, Bruyette & Woods lowered their price objective on Simmons First National from $21.00 to $20.00 and set a “market perform” rating for the company in a research report on Thursday. Stephens lowered their price target on Simmons First National from $22.00 to $21.00 and set an “equal weight” rating for the company in a research report on Thursday. Robert W. Baird lifted their price target on Simmons First National from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. Finally, StockNews.com lowered Simmons First National from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat, Simmons First National presently has a consensus rating of “Hold” and an average price target of $21.00.

Simmons First National Stock Down 2.0 %

Shares of SFNC traded down $0.35 during trading hours on Friday, hitting $17.50. The company had a trading volume of 460,816 shares, compared to its average volume of 396,748. The firm has a fifty day moving average price of $18.75 and a 200-day moving average price of $18.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 13.16 and a beta of 0.87. Simmons First National Co. has a 52-week low of $13.36 and a 52-week high of $20.82.

Simmons First National (NASDAQ:SFNC) last released its quarterly earnings data on Wednesday, April 24th. The bank reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. Simmons First National had a return on equity of 5.94% and a net margin of 11.97%. The company had revenue of $195.10 million during the quarter, compared to the consensus estimate of $202.35 million. During the same period last year, the company earned $0.37 EPS. Simmons First National’s revenue for the quarter was down 12.8% on a year-over-year basis. On average, equities research analysts forecast that Simmons First National Co. will post 1.33 EPS for the current fiscal year.

Simmons First National Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.84 annualized dividend and a yield of 4.80%. Simmons First National’s payout ratio is 63.16%.

Simmons First National Company Profile

Simmons First National Corporation operates as the holding company for Simmons Bank that provides banking and other financial products and services to individuals and businesses. The company offers checking, savings, and time deposits; consumer, real estate, and commercial loans; agricultural finance, equipment, and small business administration lending; trust and fiduciary services; credit cards; investment management products; treasury management; insurance products; and securities and investment services.