Citigroup Inc. trimmed its holdings in Simmons First National Co. (NASDAQ:SFNC – Free Report) by 43.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 87,642 shares of the bank’s stock after selling 68,518 shares during the quarter. Citigroup Inc. owned about 0.07% of Simmons First National worth $1,486,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Briaud Financial Planning Inc bought a new stake in Simmons First National during the 3rd quarter worth about $81,000. Covestor Ltd raised its holdings in Simmons First National by 70.2% during the 2nd quarter. Covestor Ltd now owns 6,991 shares of the bank’s stock worth $121,000 after purchasing an additional 2,884 shares during the last quarter. Quantbot Technologies LP bought a new stake in Simmons First National during the 2nd quarter worth about $153,000. ExodusPoint Capital Management LP bought a new stake in Simmons First National during the 2nd quarter worth about $214,000. Finally, Ameritas Investment Partners Inc. raised its holdings in Simmons First National by 11.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,435 shares of the bank’s stock worth $180,000 after purchasing an additional 1,049 shares during the last quarter. 13.09% of the stock is owned by institutional investors.
Simmons First National Price Performance
Shares of SFNC opened at $18.91 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a 50 day simple moving average of $19.12 and a 200 day simple moving average of $17.56. Simmons First National Co. has a 52-week low of $13.36 and a 52-week high of $22.70. The firm has a market capitalization of $2.37 billion, a PE ratio of 13.70 and a beta of 0.89.
Simmons First National (NASDAQ:SFNC – Get Free Report) last issued its quarterly earnings data on Wednesday, January 24th. The bank reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. Simmons First National had a return on equity of 6.19% and a net margin of 12.82%. The business had revenue of $197.80 million during the quarter, compared to analyst estimates of $204.25 million. During the same period in the previous year, the firm earned $0.64 EPS. Simmons First National’s quarterly revenue was down 15.3% compared to the same quarter last year. Sell-side analysts predict that Simmons First National Co. will post 1.42 EPS for the current fiscal year.
Simmons First National Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be given a $0.21 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This is a positive change from Simmons First National’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 4.44%. Simmons First National’s payout ratio is currently 60.87%.
Analyst Ratings Changes
SFNC has been the subject of a number of recent analyst reports. Robert W. Baird upped their price target on Simmons First National from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, January 25th. StockNews.com cut Simmons First National from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd.
Check Out Our Latest Report on SFNC
Simmons First National 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. 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; treasury management; insurance products; and securities and investment services.
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