2 weeks Ago By ABMN Staff
Raymond James Financial Inc. purchased a new position in shares of Simmons First National Co. ( NASDAQ:SFNC – Free Report ) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The firm purchased 45,909 shares of the bank’s stock, valued at approximately $1,018,000. A number of other institutional investors also recently made changes to their positions in the stock. FMR LLC raised its holdings 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 acquiring an additional 403 shares during the last quarter. BNP Paribas Financial Markets grew its position in Simmons First National by 48.
3% during the third quarter. BNP Paribas Financial Markets now owns 40,294 shares of the bank’s stock valued at $868,000 after acquiring an additional 13,124 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Simmons First National by 36.
5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,822 shares of the bank’s stock worth $729,000 after buying an additional 9,049 shares during the period. Verition Fund Management LLC acquired a new position in shares of Simmons First National during the third quarter worth about $237,000.
Finally, Centiva Capital LP purchased a new stake in shares of Simmons First National during the third quarter valued at approximately $354,000. 27.58% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth Separately, Stephens cut their target price on Simmons First National from $29.00 to $28.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd.
Simmons First National Stock Performance Shares of Simmons First National stock opened at $18.84 on Friday. The firm has a market cap of $2.
37 billion, a PE ratio of 15.57 and a beta of 0.84.
Simmons First National Co. has a 1 year low of $16.03 and a 1 year high of $25.
95. The firm’s 50-day simple moving average is $21.51 and its 200-day simple moving average is $22.
44. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.
79 and a current ratio of 0.79. Simmons First National ( NASDAQ:SFNC – Get Free Report ) last released its earnings results on Tuesday, January 21st.
The bank reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.
03. The firm had revenue of $208.50 million during the quarter, compared to analyst estimates of $208.
67 million. Simmons First National had a net margin of 10.46% and a return on equity of 5.
10%. The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year.
During the same quarter in the previous year, the firm earned $0.40 earnings per share. Equities analysts forecast that Simmons First National Co.
will post 1.66 earnings per share for the current fiscal year. Simmons First National Increases Dividend The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st.
Stockholders of record on Friday, March 14th were given a dividend of $0.2125 per share. The ex-dividend date of this dividend was Friday, March 14th.
This represents a $0.85 annualized dividend and a dividend yield of 4.51%.
This is a positive change from Simmons First National’s previous quarterly dividend of $0.21. Simmons First National’s dividend payout ratio is currently 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.
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