6 days Ago By ABMN Staff
Alliancebernstein L.P. grew its stake in shares of Simmons First National Co.
( NASDAQ:SFNC – Free Report ) by 4.5% in the fourth quarter, HoldingsChannel.com reports.
The firm owned 159,703 shares of the bank’s stock after purchasing an additional 6,900 shares during the period. Alliancebernstein L.P.
’s holdings in Simmons First National were worth $3,542,000 as of its most recent SEC filing. Several other institutional investors and hedge funds have also recently modified their holdings of SFNC. FMR LLC increased its stake in Simmons First National by 5.
5% in the 3rd quarter. FMR LLC now owns 7,778 shares of the bank’s stock valued at $168,000 after buying an additional 403 shares during the last quarter. Verition Fund Management LLC bought a new position in shares of Simmons First National in the third quarter valued at approximately $237,000.
HighTower Advisors LLC increased its position in shares of Simmons First National by 10.4% during the third quarter. HighTower Advisors LLC now owns 18,788 shares of the bank’s stock valued at $405,000 after acquiring an additional 1,775 shares during the last quarter.
Jane Street Group LLC lifted its holdings in Simmons First National by 43.4% during the third quarter. Jane Street Group LLC now owns 158,099 shares of the bank’s stock worth $3,405,000 after acquiring an additional 47,820 shares during the period.
Finally, Barclays PLC boosted its position in Simmons First National by 131.4% in the third quarter. Barclays PLC now owns 247,821 shares of the bank’s stock worth $5,337,000 after purchasing an additional 140,738 shares during the last quarter.
27.58% of the stock is owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In Separately, Stephens decreased their price objective on shares of Simmons First National from $29.
00 to $28.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Simmons First National Trading Up 1.
1 % Shares of SFNC stock opened at $18.01 on Tuesday. Simmons First National Co.
has a 52-week low of $16.03 and a 52-week high of $25.95.
The business’s fifty day moving average is $20.70 and its 200 day moving average is $22.24.
The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.79 and a current ratio of 0.
79. The company has a market capitalization of $2.27 billion, a PE ratio of 14.
88 and a beta of 0.82. Simmons First National ( NASDAQ:SFNC – Get Free Report ) last issued its quarterly earnings results on Tuesday, January 21st.
The bank reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.
03. Simmons First National had a net margin of 10.46% and a return on equity of 5.
10%. The firm had revenue of $208.50 million for the quarter, compared to analyst estimates of $208.
67 million. During the same quarter in the prior year, the firm earned $0.40 EPS.
The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. On average, equities research analysts anticipate that Simmons First National Co.
will post 1.66 EPS for the current fiscal year. Simmons First National Increases Dividend The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st.
Stockholders of record on Friday, March 14th were paid a $0.2125 dividend. This represents a $0.
85 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date was Friday, March 14th.
This is a positive change from Simmons First National’s previous quarterly dividend of $0.21. Simmons First National’s payout ratio is 70.
25%. Simmons First National Profile ( Free Report ) 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.
Recommended Stories Want to see what other hedge funds are holding SFNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Simmons First National Co. ( NASDAQ:SFNC – Free Report ).
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