Ameriprise Financial Inc. Sells 23,627 Shares of Simmons First National Co. (NASDAQ:SFNC)

Ameriprise Financial Inc. trimmed its position in shares of Simmons First National Co. (NASDAQ:SFNC) by 6.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 370,511 shares of the bank’s stock after selling 23,627 shares during the quarter. Ameriprise Financial Inc.’s holdings in Simmons First National were worth $8,220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of SFNC. Barclays PLC raised its holdings in Simmons First National by 131.4% in the 3rd quarter. Barclays PLC now owns 247,821 shares of the bank’s stock worth $5,337,000 after purchasing an additional 140,738 shares during the period. KBC Group NV raised its holdings in Simmons First National by 31.0% in the 4th quarter. KBC Group NV now owns 6,091 shares of the bank’s stock worth $135,000 after purchasing an additional 1,443 shares during the period. Farmers & Merchants Investments Inc. raised its holdings in Simmons First National by 249.7% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 13,598 shares of the bank’s stock worth $302,000 after purchasing an additional 9,710 shares during the period. Empowered Funds LLC raised its holdings in Simmons First National by 5.1% in the 4th quarter. Empowered Funds LLC now owns 356,500 shares of the bank’s stock worth $7,907,000 after purchasing an additional 17,358 shares during the period. Finally, Legato Capital Management LLC raised its holdings in Simmons First National by 4.9% in the 4th quarter. Legato Capital Management LLC now owns 56,476 shares of the bank’s stock worth $1,253,000 after purchasing an additional 2,650 shares during the period. 27.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on SFNC. Piper Sandler raised Simmons First National from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $20.00 to $21.00 in a report on Monday, April 21st. Keefe, Bruyette & Woods decreased their price target on Simmons First National from $23.00 to $21.00 and set a “market perform” rating on the stock in a report on Monday, April 21st. Finally, Stephens decreased their price target on Simmons First National from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Monday, April 21st.

Simmons First National Price Performance

NASDAQ:SFNC opened at $18.96 on Thursday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.32. The business’s 50-day simple moving average is $19.24 and its two-hundred day simple moving average is $21.58. The stock has a market cap of $2.39 billion, a PE ratio of 15.67 and a beta of 0.91. Simmons First National Co. has a 52 week low of $16.03 and a 52 week high of $25.95.

Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings results on Wednesday, April 16th. The bank reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.10). The business had revenue of $209.58 million for the quarter, compared to the consensus estimate of $209.00 million. Simmons First National had a net margin of 10.46% and a return on equity of 5.10%. During the same period in the prior year, the business earned $0.32 earnings per share. As a group, analysts forecast that Simmons First National Co. will post 1.66 EPS for the current fiscal year.

Simmons First National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be issued a dividend of $0.2125 per share. The ex-dividend date is Friday, June 13th. This represents a $0.85 dividend on an annualized basis and a yield of 4.48%. Simmons First National’s dividend payout ratio is presently 73.28%.

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.