Simmons First National Corporation $SFNC Stock Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lowered its holdings in Simmons First National Corporation (NASDAQ:SFNC) by 5.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 747,193 shares of the bank’s stock after selling 45,513 shares during the period. Leeward Investments LLC MA owned about 0.52% of Simmons First National worth $16,872,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP increased its position in shares of Simmons First National by 3.9% during the 2nd quarter. Wellington Management Group LLP now owns 6,591,542 shares of the bank’s stock valued at $149,298,000 after purchasing an additional 245,024 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Simmons First National by 2.0% in the 1st quarter. Principal Financial Group Inc. now owns 703,543 shares of the bank’s stock worth $13,684,000 after buying an additional 13,852 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Simmons First National by 33.5% in the 1st quarter. Empowered Funds LLC now owns 625,391 shares of the bank’s stock worth $12,164,000 after buying an additional 157,061 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Simmons First National by 24.7% in the 1st quarter. Bank of America Corp DE now owns 624,613 shares of the bank’s stock worth $12,149,000 after buying an additional 123,732 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Simmons First National by 151.6% in the 1st quarter. Sei Investments Co. now owns 405,336 shares of the bank’s stock worth $7,884,000 after buying an additional 244,220 shares during the last quarter. Institutional investors own 27.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SFNC. National Bank Financial set a $26.00 price target on shares of Simmons First National in a research report on Friday, September 4th. Keefe, Bruyette & Woods lowered their price objective on shares of Simmons First National from $26.00 to $25.00 and set an “outperform” rating on the stock in a research report on Monday, October 19th. Zacks Research raised shares of Simmons First National from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. Morgan Stanley boosted their target price on shares of Simmons First National from $26.00 to $27.00 and gave the company an “underweight” rating in a research note on Monday, October 19th. Finally, Robert W. Baird set a $25.00 target price on shares of Simmons First National in a research report on Monday, October 19th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.69.

Simmons First National Price Performance

Shares of NASDAQ SFNC opened at $23.31 on Monday. The stock has a fifty day simple moving average of $22.82 and a two-hundred day simple moving average of $22.34. Simmons First National Corporation has a 1-year low of $17.00 and a 1-year high of $24.32. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 13.02 and a beta of 0.92. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.50.

Simmons First National (NASDAQ:SFNC) last released its earnings results on Thursday, October 15th. The bank reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The business had revenue of $251.17 million during the quarter, compared to the consensus estimate of $254.03 million. Simmons First National had a return on equity of 8.73% and a net margin of 18.38%. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the business posted $0.46 earnings per share. Analysts anticipate that Simmons First National Corporation will post 2.08 earnings per share for the current year.

Simmons First National Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 15th were issued a $0.2150 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.86 annualized dividend and a yield of 3.7%. Simmons First National’s dividend payout ratio (DPR) is 48.04%.

Simmons First National Company Profile

Simmons First National Corporation is a financial holding company headquartered in Pine Bluff, Arkansas. Its principal subsidiary, Simmons Bank, provides banking and financial services to individuals, families, businesses and institutions.

The bank offers deposit accounts, consumer and commercial lending, residential and commercial real estate financing, treasury and cash-management services, credit cards, and online and mobile banking. It also provides wealth management, trust, investment and insurance services through specialized business lines.

Founded in 1903, Simmons has expanded from its Arkansas roots into a regional banking franchise serving customers through branches and financial centers across Arkansas, Colorado, Kansas, Missouri, Oklahoma, Tennessee and Texas.