Quantinno Capital Management LP Purchases 140,769 Shares of Simmons First National Corporation $SFNC

Quantinno Capital Management LP increased its position in Simmons First National Corporation (NASDAQ:SFNC) by 213.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 206,793 shares of the bank’s stock after buying an additional 140,769 shares during the period. Quantinno Capital Management LP’s holdings in Simmons First National were worth $4,022,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its stake in Simmons First National by 35.6% during the fourth quarter. Hantz Financial Services Inc. now owns 1,884 shares of the bank’s stock worth $36,000 after buying an additional 495 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Simmons First National by 2.7% in the 4th quarter. NewEdge Advisors LLC now owns 19,079 shares of the bank’s stock valued at $360,000 after buying an additional 495 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Simmons First National by 1.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 33,075 shares of the bank’s stock valued at $623,000 after buying an additional 500 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of Simmons First National by 2.5% during the 4th quarter. Natixis Advisors LLC now owns 21,065 shares of the bank’s stock worth $397,000 after acquiring an additional 513 shares during the period. Finally, Osaic Holdings Inc. boosted its position in shares of Simmons First National by 32.0% during the 2nd 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. Institutional investors own 27.58% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. DA Davidson reissued a “neutral” rating and issued a $23.00 target price on shares of Simmons First National in a research note on Friday, July 17th. Raymond James Financial reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Simmons First National in a report on Friday, July 17th. Stephens upped their price objective on Simmons First National from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Simmons First National in a research report on Tuesday, July 21st. Finally, National Bank Financial set a $25.00 price target on Simmons First National in a research note on Monday, July 20th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $24.50.

Simmons First National Trading Down 0.4%

Shares of SFNC stock opened at $23.46 on Friday. Simmons First National Corporation has a 12-month low of $17.00 and a 12-month high of $24.32. The company has a market capitalization of $3.40 billion, a P/E ratio of -9.27 and a beta of 0.91. The firm has a 50-day moving average price of $22.65 and a 200 day moving average price of $21.25. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.36.

Simmons First National (NASDAQ:SFNC) last released its quarterly earnings results on Thursday, July 16th. The bank reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Simmons First National had a negative net margin of 24.64% and a positive return on equity of 8.32%. The firm’s revenue was up 16.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.44 earnings per share. Research analysts forecast that Simmons First National Corporation will post 2.05 earnings per share for the current fiscal year.

Simmons First National Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were paid a $0.215 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.7%. Simmons First National’s payout ratio is -33.99%.

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.