TMB Capital Partners LLC Makes New $920,000 Investment in Simmons First National Corporation $SFNC

TMB Capital Partners LLC purchased a new stake in Simmons First National Corporation (NASDAQ:SFNC) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 48,803 shares of the bank’s stock, valued at approximately $920,000.

Several other large investors also recently made changes to their positions in SFNC. Wellington Management Group LLP acquired a new position in shares of Simmons First National in the 3rd quarter worth approximately $129,282,000. Vanguard Group Inc. lifted its stake in Simmons First National by 12.0% during the third quarter. Vanguard Group Inc. now owns 16,419,609 shares of the bank’s stock valued at $314,764,000 after purchasing an additional 1,763,161 shares during the last quarter. Basswood Capital Management L.L.C. boosted its holdings in Simmons First National by 325.7% during the fourth quarter. Basswood Capital Management L.L.C. now owns 1,143,055 shares of the bank’s stock worth $21,547,000 after buying an additional 874,513 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Simmons First National by 97.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,469,594 shares of the bank’s stock worth $27,702,000 after buying an additional 725,489 shares in the last quarter. Finally, Azora Capital LP acquired a new position in Simmons First National in the third quarter worth approximately $13,177,000. Institutional investors own 27.58% of the company’s stock.

Analysts Set New Price Targets

SFNC has been the topic of several research reports. Stephens upped their price target on Simmons First National from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, April 20th. Zacks Research lowered Simmons First National from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Weiss Ratings upgraded Simmons First National from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, April 24th. DA Davidson reaffirmed a “neutral” rating and set a $21.00 target price on shares of Simmons First National in a research report on Friday, April 17th. Finally, Morgan Stanley reduced their target price on Simmons First National from $23.00 to $21.00 and set an “equal weight” rating for the company in a report on Tuesday, March 31st. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Simmons First National presently has an average rating of “Moderate Buy” and a consensus price target of $22.00.

Simmons First National Stock Performance

Simmons First National stock opened at $21.90 on Friday. The firm’s 50 day simple moving average is $21.28 and its 200-day simple moving average is $20.28. The company has a market cap of $3.18 billion, a P/E ratio of -8.55 and a beta of 0.91. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.90 and a quick ratio of 0.90. Simmons First National Corporation has a fifty-two week low of $17.00 and a fifty-two week high of $22.62.

Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings results on Thursday, April 16th. The bank reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. The business had revenue of $241.37 million during the quarter, compared to the consensus estimate of $243.02 million. Simmons First National had a negative net margin of 25.44% and a positive return on equity of 7.81%. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 EPS. As a group, equities research analysts predict that Simmons First National Corporation will post 2.08 EPS for the current year.

Simmons First National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Monday, June 15th. Simmons First National’s payout ratio is -33.59%.

Simmons First National Profile

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.