Bryce Point Capital LLC Takes Position in Simmons First National Corporation $SFNC

Bryce Point Capital LLC acquired a new position in shares of Simmons First National Corporation (NASDAQ:SFNC) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 33,932 shares of the bank’s stock, valued at approximately $650,000. Simmons First National comprises 0.8% of Bryce Point Capital LLC’s investment portfolio, making the stock its 19th biggest position.

A number of other institutional investors also recently added to or reduced their stakes in SFNC. Thrivent Financial for Lutherans boosted its stake in Simmons First National by 52.0% in the third quarter. Thrivent Financial for Lutherans now owns 146,633 shares of the bank’s stock valued at $2,811,000 after acquiring an additional 50,145 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in shares of Simmons First National by 705.8% during the 2nd quarter. Squarepoint Ops LLC now owns 122,145 shares of the bank’s stock valued at $2,316,000 after purchasing an additional 106,986 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its position in shares of Simmons First National by 396.5% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 164,577 shares of the bank’s stock worth $3,155,000 after purchasing an additional 131,431 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Simmons First National during the 2nd quarter worth $518,000. Finally, Savant Capital LLC acquired a new position in Simmons First National during the 2nd quarter valued at about $279,000. Institutional investors own 27.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Raymond James Financial raised Simmons First National from a “market perform” rating to an “outperform” rating and set a $23.00 price target for the company in a report on Thursday, January 22nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Simmons First National in a research note on Monday, December 29th. DA Davidson upped their price target on shares of Simmons First National from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, January 22nd. Robert W. Baird raised shares of Simmons First National from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 19th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Simmons First National from $22.00 to $21.00 and set a “market perform” rating for the company in a research note on Monday, October 20th. Three investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Simmons First National has a consensus rating of “Moderate Buy” and a consensus price target of $22.43.

Simmons First National Trading Down 0.2%

NASDAQ SFNC opened at $21.76 on Tuesday. Simmons First National Corporation has a 1 year low of $17.00 and a 1 year high of $23.23. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market capitalization of $3.15 billion, a PE ratio of -7.86 and a beta of 0.93. The company has a fifty day moving average of $19.60 and a 200 day moving average of $19.30.

Simmons First National (NASDAQ:SFNC) last released its quarterly earnings data on Tuesday, January 20th. The bank reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. Simmons First National had a positive return on equity of 6.73% and a negative net margin of 27.83%.The business had revenue of $249.00 million during the quarter, compared to analyst estimates of $238.68 million. During the same quarter last year, the business posted $0.39 EPS. The company’s revenue was up 19.4% on a year-over-year basis. Research analysts forecast that Simmons First National Corporation will post 1.66 earnings per share for the current year.

Simmons First National Profile

Simmons First National Corporation (NASDAQ:SFNC) is a bank holding company headquartered in Pine Bluff, Arkansas. Through its primary operating subsidiary, Simmons Bank, the company maintains a network of more than 200 branches across Arkansas, Tennessee, Missouri, Mississippi, Texas, Oklahoma and North Carolina. Simmons First National offers a full suite of financial services to individuals, small businesses and commercial clients, emphasizing relationship-driven community banking.

The company’s core business activities span deposit-taking, lending and payment services.