State Street Corp Has $130.54 Million Position in Simmons First National Co. (NASDAQ:SFNC)

State Street Corp decreased its holdings in Simmons First National Co. (NASDAQ:SFNC) by 2.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,999,817 shares of the bank’s stock after selling 124,202 shares during the quarter. State Street Corp owned 4.78% of Simmons First National worth $130,542,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Quest Partners LLC raised its position in Simmons First National by 113,111.0% in the second quarter. Quest Partners LLC now owns 82,644 shares of the bank’s stock worth $1,453,000 after purchasing an additional 82,571 shares in the last quarter. Dark Forest Capital Management LP bought a new stake in shares of Simmons First National in the 2nd quarter valued at approximately $479,000. Dimensional Fund Advisors LP raised its holdings in shares of Simmons First National by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,323,934 shares of the bank’s stock worth $128,752,000 after buying an additional 413,459 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Simmons First National by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 646,325 shares of the bank’s stock worth $13,922,000 after buying an additional 27,479 shares during the period. Finally, Legato Capital Management LLC acquired a new stake in Simmons First National in the 2nd quarter valued at $269,000. 27.58% of the stock is owned by institutional investors.

Simmons First National Stock Performance

Shares of NASDAQ:SFNC opened at $23.77 on Friday. The business has a fifty day moving average of $23.77 and a 200-day moving average of $20.96. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.80 and a current ratio of 0.80. Simmons First National Co. has a twelve month low of $16.03 and a twelve month high of $25.95. The firm has a market cap of $2.98 billion, a PE ratio of 23.30 and a beta of 0.86.

Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings data on Friday, October 18th. The bank reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.04. Simmons First National had a net margin of 8.94% and a return on equity of 5.15%. The firm had revenue of $203.20 million during the quarter, compared to analysts’ expectations of $204.91 million. During the same quarter last year, the company posted $0.39 EPS. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, equities research analysts predict that Simmons First National Co. will post 1.33 EPS for the current fiscal year.

Simmons First National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.84 dividend on an annualized basis and a yield of 3.53%. Simmons First National’s payout ratio is 82.35%.

Insider Activity

In related news, CEO Robert A. Fehlman sold 15,270 shares of Simmons First National stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $24.02, for a total value of $366,785.40. Following the completion of the sale, the chief executive officer now directly owns 156,357 shares in the company, valued at $3,755,695.14. This trade represents a 8.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO David W. Garner sold 5,090 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $25.25, for a total transaction of $128,522.50. Following the transaction, the chief accounting officer now owns 64,966 shares in the company, valued at approximately $1,640,391.50. The trade was a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,800 shares of company stock valued at $1,136,650. Company insiders own 1.91% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on SFNC shares. StockNews.com raised Simmons First National from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Stephens raised shares of Simmons First National from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $27.00 to $28.00 in a report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $23.00.

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.