Savant Capital LLC Invests $279,000 in Simmons First National Corporation $SFNC

Savant Capital LLC acquired a new position in Simmons First National Corporation (NASDAQ:SFNC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,700 shares of the bank’s stock, valued at approximately $279,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in Simmons First National by 35.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,426 shares of the bank’s stock valued at $65,000 after purchasing an additional 892 shares during the period. SouthState Corp acquired a new position in shares of Simmons First National during the first quarter valued at about $71,000. Quarry LP lifted its stake in shares of Simmons First National by 92.2% in the first quarter. Quarry LP now owns 4,072 shares of the bank’s stock valued at $84,000 after buying an additional 1,953 shares during the period. CWM LLC grew its position in Simmons First National by 99.0% during the first quarter. CWM LLC now owns 4,625 shares of the bank’s stock worth $95,000 after buying an additional 2,301 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. acquired a new stake in Simmons First National during the second quarter worth about $213,000. Institutional investors own 27.58% of the company’s stock.

Simmons First National Price Performance

Shares of SFNC stock opened at $17.38 on Wednesday. The stock’s fifty day simple moving average is $18.72 and its 200 day simple moving average is $19.26. Simmons First National Corporation has a one year low of $17.00 and a one year high of $25.52. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of -5.93 and a beta of 0.97. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.88 and a quick ratio of 0.88.

Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings data on Thursday, October 16th. The bank reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). Simmons First National had a negative net margin of 29.70% and a positive return on equity of 5.84%. The company had revenue of $232.54 million for the quarter, compared to the consensus estimate of $103.26 million. During the same period in the previous year, the business posted $0.37 earnings per share. The firm’s revenue was up 14.4% compared to the same quarter last year. On average, analysts expect that Simmons First National Corporation will post 1.66 earnings per share for the current fiscal year.

Simmons First National Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 15th will be issued a dividend of $0.2125 per share. This represents a $0.85 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Monday, December 15th. Simmons First National’s dividend payout ratio (DPR) is currently -29.01%.

Insider Transactions at Simmons First National

In other news, Director Steven A. Cosse acquired 8,603 shares of the company’s stock in a transaction dated Thursday, October 30th. The stock was bought at an average price of $17.44 per share, with a total value of $150,036.32. Following the completion of the acquisition, the director owned 113,652 shares in the company, valued at approximately $1,982,090.88. This represents a 8.19% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David W. Garner bought 3,000 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The stock was purchased at an average price of $17.66 per share, with a total value of $52,980.00. Following the purchase, the executive vice president directly owned 72,345 shares of the company’s stock, valued at $1,277,612.70. The trade was a 4.33% increase in their position. The SEC filing for this purchase provides additional information. 1.44% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have commented on SFNC. Keefe, Bruyette & Woods cut their price target on Simmons First National from $22.00 to $21.00 and set a “market perform” rating for the company in a report on Monday, October 20th. National Bankshares set a $22.00 target price on Simmons First National in a research note on Tuesday, October 28th. DA Davidson raised their target price on Simmons First National from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Zacks Research lowered shares of Simmons First National from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Finally, Wall Street Zen cut shares of Simmons First National from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $22.33.

Simmons First National Company Profile

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.