Versor Investments LP Purchases New Holdings in Simmons First National Corporation $SFNC

Versor Investments LP acquired a new stake in shares of Simmons First National Corporation (NASDAQ:SFNC) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 28,900 shares of the bank’s stock, valued at approximately $554,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its stake in shares of Simmons First National by 197.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,663 shares of the bank’s stock valued at $32,000 after buying an additional 1,104 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Simmons First National by 42.5% in the third quarter. Jones Financial Companies Lllp now owns 2,175 shares of the bank’s stock worth $43,000 after buying an additional 649 shares during the last quarter. Osaic Holdings Inc. raised its holdings in Simmons First National by 32.0% in the second quarter. Osaic Holdings Inc. now owns 2,658 shares of the bank’s stock valued at $50,000 after acquiring an additional 644 shares in the last quarter. GAMMA Investing LLC boosted its stake in Simmons First National by 24.3% during the 3rd quarter. GAMMA Investing LLC now owns 4,260 shares of the bank’s stock valued at $82,000 after acquiring an additional 834 shares during the last quarter. Finally, Covestor Ltd boosted its stake in Simmons First National by 68.4% during the 3rd quarter. Covestor Ltd now owns 5,938 shares of the bank’s stock valued at $114,000 after acquiring an additional 2,412 shares during the last quarter. 27.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Piper Sandler upgraded shares of Simmons First National from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 19th. Keefe, Bruyette & Woods lowered their price objective on Simmons First National from $22.00 to $21.00 and set a “market perform” rating for the company in a report on Monday, October 20th. Raymond James Financial upgraded Simmons First National from a “market perform” rating to an “outperform” rating and set a $23.00 price objective on the stock in a research note on Thursday, January 22nd. Robert W. Baird upgraded Simmons First National from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 19th. Finally, National Bank Financial set a $21.00 price target on Simmons First National in a report on Wednesday, January 21st. Three investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $22.43.

Simmons First National Stock Performance

Shares of NASDAQ SFNC opened at $21.70 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.18. The firm’s 50-day moving average price is $19.72 and its two-hundred day moving average price is $19.34. Simmons First National Corporation has a 52-week low of $17.00 and a 52-week high of $23.05. The stock has a market capitalization of $3.14 billion, a P/E ratio of -7.83 and a beta of 0.93.

Simmons First National (NASDAQ:SFNC) last announced its quarterly earnings results on Tuesday, January 20th. The bank reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. The business had revenue of $249.00 million for the quarter, compared to analysts’ expectations of $238.68 million. Simmons First National had a positive return on equity of 6.73% and a negative net margin of 27.83%.The business’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 EPS. As a group, sell-side analysts forecast that Simmons First National Corporation will post 1.66 earnings per share for the current year.

About Simmons First National

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.