SG Americas Securities LLC Sells 62,595 Shares of Simmons First National Corporation $SFNC

SG Americas Securities LLC decreased its position in shares of Simmons First National Corporation (NASDAQ:SFNC) by 54.8% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 51,576 shares of the bank’s stock after selling 62,595 shares during the quarter. SG Americas Securities LLC’s holdings in Simmons First National were worth $1,003,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Ghisallo Capital Management LLC purchased a new position in shares of Simmons First National in the third quarter valued at about $4,313,000. Stieven Capital Advisors L.P. bought a new position in shares of Simmons First National in the third quarter worth about $5,751,000. Azora Capital LP purchased a new stake in shares of Simmons First National during the third quarter worth about $13,177,000. Capitolis Liquid Global Markets LLC purchased a new stake in shares of Simmons First National during the third quarter worth about $5,529,000. Finally, Geode Capital Management LLC grew its position in shares of Simmons First National by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 3,558,574 shares of the bank’s stock worth $67,090,000 after purchasing an additional 53,994 shares in the last quarter. Institutional investors own 27.58% of the company’s stock.

Simmons First National Stock Performance

Shares of SFNC stock opened at $22.84 on Friday. Simmons First National Corporation has a 12-month low of $17.00 and a 12-month high of $23.40. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.22. The stock’s 50-day moving average price is $21.67 and its 200-day moving average price is $20.55. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of -8.92 and a beta of 0.90.

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

Simmons First National Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, June 15th. Simmons First National’s dividend payout ratio is -33.59%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Weiss Ratings raised Simmons First National from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, April 24th. Zacks Research lowered shares of Simmons First National from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. DA Davidson reiterated a “neutral” rating and set a $21.00 price objective on shares of Simmons First National in a research report on Friday, April 17th. Morgan Stanley reiterated a “positive” rating on shares of Simmons First National in a research report on Monday, June 29th. Finally, Stephens boosted their target price on shares of Simmons First National from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Simmons First National currently has an average rating of “Moderate Buy” and a consensus price target of $23.00.

About Simmons First National

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.