State Board of Administration of Florida Retirement System Continues to Hold Position in Simmons First National Co. (SFNC)

State Board of Administration of Florida Retirement System held its stake in shares of Simmons First National Co. (NASDAQ:SFNC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,867 shares of the company’s stock at the end of the fourth quarter. State Board of Administration of Florida Retirement System’s holdings in Simmons First National were worth $1,235,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SFNC. Bank of Montreal Can boosted its stake in shares of Simmons First National by 18.5% in the third quarter. Bank of Montreal Can now owns 2,121 shares of the company’s stock valued at $106,000 after buying an additional 331 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Simmons First National by 10.3% in the third quarter. Victory Capital Management Inc. now owns 2,239 shares of the company’s stock valued at $112,000 after buying an additional 210 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Simmons First National during the third quarter valued at $125,000. Russell Investments Group Ltd. purchased a new stake in shares of Simmons First National during the fourth quarter valued at $158,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Simmons First National during the third quarter valued at $238,000. 41.09% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Simmons First National (NASDAQ:SFNC)

Simmons First National Co. (NASDAQ:SFNC) opened at 57.00 on Tuesday. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 18.21 and a beta of 1.01. The stock’s 50 day moving average price is $59.02 and its 200 day moving average price is $56.42. Simmons First National Co. has a 52-week low of $42.02 and a 52-week high of $67.00.

Simmons First National (NASDAQ:SFNC) last released its quarterly earnings data on Wednesday, January 18th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.08. Simmons First National had a return on equity of 9.12% and a net margin of 21.98%. On average, equities analysts anticipate that Simmons First National Co. will post $3.34 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Wednesday, March 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 13th. This is a positive change from Simmons First National’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 1.75%. Simmons First National’s dividend payout ratio (DPR) is 30.67%.

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Several research firms have recently issued reports on SFNC. Raymond James Financial, Inc. restated an “underperform” rating on shares of Simmons First National in a research report on Wednesday, January 25th. Zacks Investment Research upgraded Simmons First National from a “sell” rating to a “hold” rating in a research report on Wednesday, December 7th. Finally, Sandler O’Neill upgraded Simmons First National from a “sell” rating to a “hold” rating in a research report on Friday, January 20th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $52.25.

In related news, Director Joseph D. Porter sold 1,100 shares of the firm’s stock in a transaction dated Thursday, January 26th. The stock was sold at an average price of $61.48, for a total value of $67,628.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Steven C. Wade sold 3,250 shares of the firm’s stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $60.65, for a total value of $197,112.50. Following the completion of the sale, the executive vice president now directly owns 10,147 shares in the company, valued at $615,415.55. The disclosure for this sale can be found here. Company insiders own 4.48% of the company’s stock.

Simmons First National Company Profile

Simmons First National Corporation is a financial holding company. The Company’s subsidiary bank is Simmons First National Bank (Simmons Bank), a national bank. Simmons Bank and its subsidiaries provide banking services to individuals and businesses across the market areas they serve. Simmons Bank offers consumer, real estate and commercial loans, checking, savings and time deposits.

5 Day Chart for NASDAQ:SFNC

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