State of Tennessee Treasury Department Has $1.77 Million Stake in Simmons First National Co. (SFNC)

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State of Tennessee Treasury Department grew its holdings in shares of Simmons First National Co. (NASDAQ:SFNC) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,201 shares of the bank’s stock after buying an additional 1,701 shares during the quarter. State of Tennessee Treasury Department owned 0.08% of Simmons First National worth $1,767,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pearl River Capital LLC acquired a new position in shares of Simmons First National during the fourth quarter valued at about $27,000. PNC Financial Services Group Inc. boosted its holdings in Simmons First National by 61.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,098 shares of the bank’s stock worth $99,000 after purchasing an additional 1,556 shares during the last quarter. Quantamental Technologies LLC purchased a new position in Simmons First National during the fourth quarter worth about $102,000. Paloma Partners Management Co purchased a new position in Simmons First National during the third quarter worth about $206,000. Finally, Shelton Capital Management boosted its holdings in Simmons First National by 18.2% during the fourth quarter. Shelton Capital Management now owns 9,302 shares of the bank’s stock worth $224,000 after purchasing an additional 1,435 shares during the last quarter. Hedge funds and other institutional investors own 22.74% of the company’s stock.

In other Simmons First National news, CEO George Makris, Jr. purchased 10,000 shares of the stock in a transaction dated Wednesday, January 30th. The shares were bought at an average price of $24.85 per share, with a total value of $248,500.00. Following the completion of the transaction, the chief executive officer now directly owns 220,766 shares in the company, valued at approximately $5,486,035.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.76% of the company’s stock.

SFNC stock traded up $0.28 during mid-day trading on Friday, hitting $25.71. The company had a trading volume of 5,656 shares, compared to its average volume of 385,964. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 10.86 and a beta of 1.09. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.00 and a current ratio of 1.00. Simmons First National Co. has a 12 month low of $22.64 and a 12 month high of $33.45.

Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings results on Tuesday, January 22nd. The bank reported $0.61 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.61. Simmons First National had a net margin of 26.16% and a return on equity of 10.14%. The company had revenue of $172.37 million for the quarter, compared to analyst estimates of $177.84 million. Analysts forecast that Simmons First National Co. will post 2.46 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 15th will be given a $0.16 dividend. The ex-dividend date is Thursday, March 14th. This represents a $0.64 annualized dividend and a dividend yield of 2.49%. This is a positive change from Simmons First National’s previous quarterly dividend of $0.15. Simmons First National’s payout ratio is 25.32%.

Several research analysts recently weighed in on SFNC shares. BidaskClub upgraded shares of Simmons First National from a “hold” rating to a “buy” rating in a report on Saturday, February 23rd. Zacks Investment Research cut shares of Simmons First National from a “buy” rating to a “hold” rating in a report on Tuesday, January 22nd. Stephens set a $30.00 price target on shares of Simmons First National and gave the stock a “buy” rating in a report on Tuesday, January 22nd. Finally, ValuEngine upgraded shares of Simmons First National from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 20th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Simmons First National has an average rating of “Hold” and a consensus target price of $31.50.

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Simmons First National Profile

Simmons First National Corporation operates as the holding company for Simmons Bank that provides financial products and services to individuals and businesses. It offers checking, savings, and time deposits; loan products, including consumer, real estate, commercial, agricultural, equipment, and SBA lending; personal and corporate trust services; credit cards; investment management products; insurance products; and securities and investment services.

Further Reading: QQQ ETF

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

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