48,803 Shares in Simmons First National Corporation $SFNC Purchased by TMB Capital Partners LLC

TMB Capital Partners LLC acquired a new position in shares of Simmons First National Corporation (NASDAQ:SFNC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 48,803 shares of the bank’s stock, valued at approximately $920,000.

Several other institutional investors and hedge funds also recently bought and sold shares of SFNC. EverSource Wealth Advisors LLC increased its holdings in shares of Simmons First National by 197.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,663 shares of the bank’s stock valued at $32,000 after purchasing an additional 1,104 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of Simmons First National by 35.6% during the fourth quarter. Hantz Financial Services Inc. now owns 1,884 shares of the bank’s stock worth $36,000 after purchasing an additional 495 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Simmons First National by 42.5% during the third quarter. Jones Financial Companies Lllp now owns 2,175 shares of the bank’s stock worth $43,000 after purchasing an additional 649 shares during the period. Osaic Holdings Inc. grew its position in Simmons First National by 32.0% during the second quarter. Osaic Holdings Inc. now owns 2,658 shares of the bank’s stock valued at $50,000 after purchasing an additional 644 shares in the last quarter. Finally, Systematic Financial Management LP purchased a new position in Simmons First National during the fourth quarter valued at approximately $66,000. Hedge funds and other institutional investors own 27.58% of the company’s stock.

Simmons First National Stock Performance

Shares of NASDAQ SFNC opened at $21.90 on Friday. 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 firm has a market cap of $3.18 billion, a price-to-earnings ratio of -8.55 and a beta of 0.91. The business’s 50-day simple moving average is $21.28 and its 200-day simple moving average is $20.28. Simmons First National Corporation has a 52 week low of $17.00 and a 52 week high of $22.62.

Simmons First National (NASDAQ:SFNC) last posted its earnings results on Thursday, April 16th. The bank reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. Simmons First National had a positive return on equity of 7.81% and a negative net margin of 25.44%.The firm had revenue of $241.37 million during the quarter, compared to analyst estimates of $243.02 million. During the same period in the previous year, the company earned $0.26 EPS. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. As a group, equities research analysts expect that Simmons First National Corporation will post 2.08 earnings per share for the current fiscal year.

Simmons First National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given 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 3.9%. Simmons First National’s dividend payout ratio (DPR) is currently -33.59%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Zacks Research lowered shares of Simmons First National from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Weiss Ratings raised shares of Simmons First National from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, April 24th. Morgan Stanley cut their price target on Simmons First National from $23.00 to $21.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 31st. DA Davidson reiterated a “neutral” rating and issued a $21.00 target price on shares of Simmons First National in a research note on Friday, April 17th. Finally, Stephens lifted their target price on shares of Simmons First National from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Simmons First National 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.