2 weeks Ago By Defense World Staff
Wells Fargo & Company MN lifted its position in shares of Simmons First National Co. (NASDAQ:SFNC – Free Report) by 16.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission.
The firm owned 94,366 shares of the bank’s stock after purchasing an additional 13,174 shares during the quarter. Wells Fargo & Company MN owned 0.08% of Simmons First National worth $2,093,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Simmons First National by 4.
4% during the fourth quarter. Vanguard Group Inc. now owns 14,866,647 shares of the bank’s stock worth $329,742,000 after buying an additional 630,376 shares during the last quarter.
Charles Schwab Investment Management Inc. raised its holdings in shares of Simmons First National by 1.6% in the 4th quarter.
Charles Schwab Investment Management Inc. now owns 1,895,477 shares of the bank’s stock worth $42,042,000 after acquiring an additional 29,335 shares during the last quarter. Norges Bank acquired a new stake in shares of Simmons First National in the 4th quarter worth about $27,095,000.
JPMorgan Chase & Co. lifted its position in Simmons First National by 49.6% in the 4th quarter.
JPMorgan Chase & Co. now owns 1,011,431 shares of the bank’s stock valued at $22,434,000 after acquiring an additional 335,260 shares in the last quarter. Finally, Principal Financial Group Inc.
boosted its stake in Simmons First National by 4.2% during the 4th quarter. Principal Financial Group Inc.
now owns 673,440 shares of the bank’s stock valued at $14,937,000 after purchasing an additional 27,115 shares during the last quarter. 27.58% of the stock is currently owned by institutional investors.
Simmons First National Price PerformanceSimmons First National stock opened at $18.48 on Friday. Simmons First National Co.
has a 52 week low of $16.03 and a 52 week high of $25.95.
The company’s 50 day moving average price is $19.84 and its two-hundred day moving average price is $22.02.
The stock has a market cap of $2.33 billion, a P/E ratio of 15.27 and a beta of 0.
82. The company has a quick ratio of 0.79, a current ratio of 0.
79 and a debt-to-equity ratio of 0.32. Simmons First National (NASDAQ:SFNC – Get Free Report) last issued 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 return on equity of 5.10% and a net margin of 10.
46%. During the same quarter last year, the business posted $0.32 earnings per share.
On average, equities analysts predict that Simmons First National Co. will post 1.66 earnings per share for the current year.
Simmons First National Increases DividendThe business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were issued a $0.2125 dividend.
This is an increase from Simmons First National’s previous quarterly dividend of $0.21. This represents a $0.
85 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date of this dividend was Friday, March 14th.
Simmons First National’s payout ratio is 73.28%. Wall Street Analysts Forecast GrowthSeveral analysts have recently commented on the company.
Stephens lowered their price objective on Simmons First National from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Monday, April 21st.
Keefe, Bruyette & Woods lowered their price target on Simmons First National from $23.00 to $21.00 and set a “market perform” rating for the company in a research report on Monday, April 21st.
Finally, Piper Sandler raised shares of Simmons First National from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $20.00 to $21.00 in a report on Monday, April 21st.
Check Out Our Latest Stock Analysis on SFNCAbout Simmons First National (Free Report)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.Featured ArticlesFive stocks we like better than Simmons First NationalTrading Halts ExplainedShort Sellers Gave Up on These 3 Names RecentlyThe 3 Best Blue-Chip Stocks to Buy Now3 Boring Stocks Outperforming the Market This YearHow to Short a Stock in 5 Easy Steps If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy.
