Geode Capital Management LLC Has $67.09 Million Stock Position in Simmons First National Corporation $SFNC

Geode Capital Management LLC raised its position in Simmons First National Corporation (NASDAQ:SFNC) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,558,574 shares of the bank’s stock after acquiring an additional 53,994 shares during the period. Geode Capital Management LLC’s holdings in Simmons First National were worth $67,090,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. King Luther Capital Management Corp raised its holdings in Simmons First National by 5.3% in the 4th quarter. King Luther Capital Management Corp now owns 33,528 shares of the bank’s stock valued at $632,000 after acquiring an additional 1,674 shares in the last quarter. AlphaQuest LLC raised its holdings in Simmons First National by 108.3% in the 4th quarter. AlphaQuest LLC now owns 153,408 shares of the bank’s stock valued at $2,892,000 after acquiring an additional 79,750 shares in the last quarter. New Age Alpha Advisors LLC raised its holdings in Simmons First National by 16.2% in the 4th quarter. New Age Alpha Advisors LLC now owns 20,775 shares of the bank’s stock valued at $392,000 after acquiring an additional 2,901 shares in the last quarter. Hantz Financial Services Inc. grew its stake in shares of Simmons First National by 35.6% in the 4th quarter. Hantz Financial Services Inc. now owns 1,884 shares of the bank’s stock valued at $36,000 after purchasing an additional 495 shares during the period. Finally, Systematic Financial Management LP bought a new stake in shares of Simmons First National in the 4th quarter valued at approximately $66,000. Institutional investors and hedge funds own 27.58% of the company’s stock.

Simmons First National Stock Up 0.1%

Shares of SFNC opened at $21.60 on Tuesday. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of -8.44 and a beta of 0.91. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.90 and a current ratio of 0.90. The business’s fifty day moving average price is $20.87 and its two-hundred day moving average price is $20.07. Simmons First National Corporation has a 52 week low of $17.00 and a 52 week high of $22.17.

Simmons First National (NASDAQ:SFNC) last announced its quarterly earnings data on Thursday, April 16th. The bank reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. The firm had revenue of $241.37 million for the quarter, compared to analyst estimates of $243.02 million. Simmons First National had a positive return on equity of 7.81% and a negative net margin of 25.44%.The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period last year, the company earned $0.26 EPS. On average, analysts predict that Simmons First National Corporation will post 2.08 earnings per share for the current year.

Simmons First National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be paid a $0.215 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.0%. Simmons First National’s dividend payout ratio is -33.59%.

Simmons First National declared that its board has authorized a share buyback plan on Tuesday, February 17th that authorizes the company to repurchase $175.00 million in outstanding shares. This repurchase authorization authorizes the bank to reacquire up to 5.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Zacks Research lowered Simmons First National from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. DA Davidson reiterated a “neutral” rating and issued a $21.00 price objective on shares of Simmons First National in a research note on Friday, April 17th. Morgan Stanley lowered their price objective on Simmons First National from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 31st. 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. Finally, Weiss Ratings upgraded Simmons First National from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.00.

Simmons First National Company 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.