Norges Bank acquired a new position in Simmons First National Co. (NASDAQ:SFNC) during the 4th quarter, Holdings Channel reports. The fund acquired 815,516 shares of the bank’s stock, valued at approximately $19,679,000.

Several other institutional investors also recently modified their holdings of the company. Horrell Capital Management Inc. boosted its holdings in shares of Simmons First National by 0.9% during the 4th quarter. Horrell Capital Management Inc. now owns 62,058 shares of the bank’s stock worth $1,497,000 after purchasing an additional 566 shares during the last quarter. Oberweis Asset Management Inc. raised its position in shares of Simmons First National by 1.8% during the 4th quarter. Oberweis Asset Management Inc. now owns 40,330 shares of the bank’s stock valued at $973,000 after buying an additional 700 shares during the period. Piedmont Investment Advisors Inc. raised its position in shares of Simmons First National by 3.6% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 21,983 shares of the bank’s stock valued at $530,000 after buying an additional 758 shares during the period. Victory Capital Management Inc. raised its position in shares of Simmons First National by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 19,915 shares of the bank’s stock valued at $481,000 after buying an additional 776 shares during the period. Finally, State of Alaska Department of Revenue raised its position in shares of Simmons First National by 3.6% during the 4th quarter. State of Alaska Department of Revenue now owns 30,943 shares of the bank’s stock valued at $746,000 after buying an additional 1,061 shares during the period. Institutional investors and hedge funds own 22.70% of the company’s stock.

SFNC has been the topic of several analyst reports. Zacks Investment Research raised shares of Simmons First National from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Wednesday, January 9th. Stephens set a $30.00 price target on shares of Simmons First National and gave the company a “buy” rating in a research report on Tuesday, January 22nd. ValuEngine raised shares of Simmons First National from a “strong sell” rating to a “sell” rating in a research report on Friday, February 8th. BidaskClub raised shares of Simmons First National from a “hold” rating to a “buy” rating in a research report on Saturday, February 23rd. Finally, DA Davidson began coverage on shares of Simmons First National in a research report on Friday, March 15th. They set a “buy” rating and a $31.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $30.20.

Shares of NASDAQ SFNC opened at $24.70 on Thursday. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 10.42 and a beta of 1.07. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.00 and a current ratio of 1.00. Simmons First National Co. has a 52-week low of $22.64 and a 52-week high of $33.45.

Simmons First National (NASDAQ:SFNC) last announced its earnings results on Monday, April 22nd. The bank reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). The firm had revenue of $170.79 million during the quarter, compared to analysts’ expectations of $171.00 million. Simmons First National had a net margin of 25.17% and a return on equity of 9.76%. Analysts predict that Simmons First National Co. will post 2.42 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a $0.16 dividend. This is a positive change from Simmons First National’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.64 dividend on an annualized basis and a yield of 2.59%. Simmons First National’s payout ratio is presently 27.00%.

In other news, CEO George Makris, Jr. bought 10,000 shares of the business’s stock in a transaction on 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 $5,486,035.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.02% of the stock is owned by insiders.

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Simmons First National Company 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.

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

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