Sei Investments Co. Has $7.88 Million Holdings in Simmons First National Corporation $SFNC

Sei Investments Co. lifted its stake in shares of Simmons First National Corporation (NASDAQ:SFNC) by 151.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 405,336 shares of the bank’s stock after acquiring an additional 244,220 shares during the period. Sei Investments Co.’s holdings in Simmons First National were worth $7,884,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Simmons First National by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 16,471,523 shares of the bank’s stock valued at $310,488,000 after acquiring an additional 51,914 shares in the last quarter. State Street Corp increased its holdings in Simmons First National by 5.4% during the 4th quarter. State Street Corp now owns 7,569,943 shares of the bank’s stock worth $144,223,000 after purchasing an additional 389,634 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Simmons First National by 1.0% in the 4th quarter. Wellington Management Group LLP now owns 6,814,476 shares of the bank’s stock valued at $128,453,000 after purchasing an additional 70,486 shares during the period. Northern Trust Corp raised its stake in shares of Simmons First National by 2.1% in the 3rd quarter. Northern Trust Corp now owns 4,508,330 shares of the bank’s stock valued at $86,425,000 after purchasing an additional 91,596 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Simmons First National by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 3,558,574 shares of the bank’s stock valued at $67,090,000 after purchasing an additional 53,994 shares in the last quarter. 27.58% of the stock is currently owned by institutional investors and hedge funds.

Simmons First National Price Performance

Shares of SFNC stock opened at $23.59 on Monday. The firm’s fifty day moving average price is $22.42 and its two-hundred day moving average price is $21.10. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.36. Simmons First National Corporation has a 1 year low of $17.00 and a 1 year high of $23.91. The firm has a market capitalization of $3.42 billion, a P/E ratio of -9.32 and a beta of 0.91.

Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings data on Thursday, July 16th. The bank reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The business had revenue of $248.57 million for the quarter, compared to analyst estimates of $250.98 million. Simmons First National had a positive return on equity of 8.32% and a negative net margin of 24.64%.The company’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 earnings per share. On average, equities analysts predict that Simmons First National Corporation will post 2.05 EPS for the current fiscal year.

Simmons First National Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 15th were issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 3.6%. The ex-dividend date was Monday, June 15th. Simmons First National’s dividend payout ratio is presently -33.99%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SFNC. Raymond James Financial reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Simmons First National in a research report on Friday, July 17th. Stephens lifted their target price on Simmons First National from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. Keefe, Bruyette & Woods boosted their target price on Simmons First National from $24.00 to $25.00 and gave the company a “market perform” rating in a research note on Monday, July 20th. National Bank Financial set a $25.00 price target on Simmons First National in a research report on Monday, July 20th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $23.00 price target on shares of Simmons First National in a research report on Friday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $24.50.

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.