Twinbeech Capital LP Buys Shares of 10,175 Simmons First National Co. (NASDAQ:SFNC)

Twinbeech Capital LP acquired a new stake in Simmons First National Co. (NASDAQ:SFNC) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 10,175 shares of the bank’s stock, valued at approximately $226,000.

Several other hedge funds also recently modified their holdings of the stock. Scissortail Wealth Management LLC grew its position in Simmons First National by 1,045,033.3% in the 4th quarter. Scissortail Wealth Management LLC now owns 31,354 shares of the bank’s stock valued at $695,000 after purchasing an additional 31,351 shares during the period. Rafferty Asset Management LLC grew its position in Simmons First National by 13.8% in the 4th quarter. Rafferty Asset Management LLC now owns 116,670 shares of the bank’s stock valued at $2,588,000 after purchasing an additional 14,105 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Simmons First National in the 4th quarter valued at $36,000. OMERS ADMINISTRATION Corp acquired a new stake in Simmons First National in the 4th quarter valued at $213,000. Finally, Occudo Quantitative Strategies LP acquired a new stake in Simmons First National in the 4th quarter valued at $424,000. Institutional investors own 27.58% of the company’s stock.

Simmons First National Stock Down 0.5%

Shares of NASDAQ SFNC opened at $18.80 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.32. Simmons First National Co. has a 12 month low of $16.03 and a 12 month high of $25.95. The firm has a market capitalization of $2.37 billion, a PE ratio of 15.54 and a beta of 0.91. The firm has a fifty day simple moving average of $19.20 and a two-hundred day simple moving average of $21.55.

Simmons First National (NASDAQ:SFNC) last released its earnings results on Wednesday, April 16th. The bank reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.10). The business had revenue of $209.58 million during the quarter, compared to analysts’ expectations of $209.00 million. Simmons First National had a return on equity of 5.10% and a net margin of 10.46%. During the same period in the prior year, the company earned $0.32 earnings per share. Equities analysts expect that Simmons First National Co. will post 1.66 earnings per share for the current year.

Simmons First National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a dividend of $0.2125 per share. This represents a $0.85 annualized dividend and a yield of 4.52%. The ex-dividend date is Friday, June 13th. Simmons First National’s dividend payout ratio (DPR) is 73.28%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SFNC. Keefe, Bruyette & Woods reduced their price target on shares of Simmons First National from $23.00 to $21.00 and set a “market perform” rating for the company in a research report on Monday, April 21st. Piper Sandler upgraded Simmons First National from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $20.00 to $21.00 in a research note on Monday, April 21st. Finally, Stephens dropped their price objective on Simmons First National from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Monday, April 21st.

About Simmons First National

Simmons First National Corporation operates as the holding company for Simmons Bank that provides banking and other financial products and services to individuals and businesses. The company offers checking, savings, and time deposits; consumer, real estate, and commercial loans; agricultural finance, equipment, and small business administration lending; trust and fiduciary services; credit cards; investment management products; treasury management; insurance products; and securities and investment services.