Maryland State Retirement & Pension System Trims Stock Holdings in Simmons First National Co. (NASDAQ:SFNC)

Maryland State Retirement & Pension System decreased its holdings in Simmons First National Co. (NASDAQ:SFNCGet Rating) by 1.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,199 shares of the bank’s stock after selling 580 shares during the period. Maryland State Retirement & Pension System’s holdings in Simmons First National were worth $1,185,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in shares of Simmons First National by 8.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,009,227 shares of the bank’s stock worth $29,853,000 after purchasing an additional 79,789 shares in the last quarter. Strs Ohio increased its stake in shares of Simmons First National by 900.0% in the fourth quarter. Strs Ohio now owns 4,000 shares of the bank’s stock worth $118,000 after purchasing an additional 3,600 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Simmons First National by 119.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,969,799 shares of the bank’s stock valued at $58,266,000 after acquiring an additional 1,073,187 shares during the period. Highland Capital Management LLC bought a new position in shares of Simmons First National in the fourth quarter valued at approximately $1,919,000. Finally, Westwood Holdings Group Inc. boosted its position in shares of Simmons First National by 27.8% in the fourth quarter. Westwood Holdings Group Inc. now owns 2,830,239 shares of the bank’s stock valued at $83,719,000 after acquiring an additional 615,775 shares during the period. Hedge funds and other institutional investors own 46.84% of the company’s stock.

Shares of Simmons First National stock opened at $21.59 on Thursday. Simmons First National Co. has a 1 year low of $21.18 and a 1 year high of $32.76. The firm has a market cap of $2.82 billion, a PE ratio of 8.88 and a beta of 0.79. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.69 and a quick ratio of 0.69. The company has a 50 day simple moving average of $24.44 and a two-hundred day simple moving average of $27.25.

Simmons First National (NASDAQ:SFNCGet Rating) last announced its earnings results on Thursday, April 28th. The bank reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.08. Simmons First National had a net margin of 31.68% and a return on equity of 9.17%. The business had revenue of $207.74 million during the quarter, compared to analyst estimates of $202.14 million. During the same period in the previous year, the business posted $0.59 earnings per share. Simmons First National’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, research analysts anticipate that Simmons First National Co. will post 2.24 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 5th. Shareholders of record on Wednesday, June 15th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $0.76 annualized dividend and a yield of 3.52%. Simmons First National’s payout ratio is presently 31.28%.

In other Simmons First National news, COO Robert A. Fehlman acquired 5,000 shares of the stock in a transaction dated Tuesday, May 3rd. The stock was purchased at an average cost of $24.00 per share, for a total transaction of $120,000.00. Following the acquisition, the chief operating officer now owns 125,797 shares in the company, valued at approximately $3,019,128. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO George Makris, Jr. acquired 15,000 shares of the stock in a transaction dated Tuesday, May 3rd. The stock was acquired at an average price of $24.03 per share, with a total value of $360,450.00. Following the completion of the acquisition, the chief executive officer now owns 539,087 shares in the company, valued at approximately $12,954,260.61. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 24,000 shares of company stock valued at $576,850. 1.80% of the stock is currently owned by company insiders.

A number of equities analysts have recently commented on the stock. Piper Sandler lowered shares of Simmons First National from a “neutral” rating to an “underweight” rating and set a $26.00 price objective for the company. in a research report on Monday, May 9th. StockNews.com assumed coverage on shares of Simmons First National in a research report on Thursday, March 31st. They issued a “hold” rating for the company.

About Simmons First National (Get Rating)

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. It 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; 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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