Thrivent Financial for Lutherans Acquires 50,145 Shares of Simmons First National Corporation $SFNC

Thrivent Financial for Lutherans boosted its holdings in shares of Simmons First National Corporation (NASDAQ:SFNC) by 52.0% in the third quarter, Holdings Channel.com reports. The fund owned 146,633 shares of the bank’s stock after acquiring an additional 50,145 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Simmons First National were worth $2,811,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SFNC. Squarepoint Ops LLC increased its holdings in Simmons First National by 705.8% during the 2nd quarter. Squarepoint Ops LLC now owns 122,145 shares of the bank’s stock worth $2,316,000 after purchasing an additional 106,986 shares during the period. Y Intercept Hong Kong Ltd grew its position in shares of Simmons First National by 396.5% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 164,577 shares of the bank’s stock worth $3,155,000 after buying an additional 131,431 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Simmons First National during the second quarter valued at $518,000. Savant Capital LLC purchased a new position in shares of Simmons First National during the second quarter valued at $279,000. Finally, Elo Mutual Pension Insurance Co bought a new stake in shares of Simmons First National in the second quarter valued at about $861,000. Hedge funds and other institutional investors own 27.58% of the company’s stock.

Simmons First National Stock Down 0.2%

Simmons First National stock 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 business has a fifty day moving average price of $19.60 and a 200-day moving average price of $19.30. 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 stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of -7.86 and a beta of 0.93.

Simmons First National (NASDAQ:SFNC) last released its quarterly earnings results on Tuesday, January 20th. The bank reported $0.54 EPS 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 company had revenue of $249.00 million during the quarter, compared to analysts’ expectations of $238.68 million. During the same period last year, the business posted $0.39 earnings per share. The firm’s revenue was up 19.4% compared to the same quarter last year. Equities research analysts forecast that Simmons First National Corporation will post 1.66 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SFNC has been the topic of several recent research reports. Robert W. Baird upgraded shares of Simmons First National from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 19th. Morgan Stanley increased their price objective on shares of Simmons First National from $22.00 to $23.00 and gave the company an “equal weight” rating in a research note on Thursday, January 22nd. Zacks Research raised shares of Simmons First National from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 23rd. Wall Street Zen upgraded Simmons First National from a “sell” rating to a “hold” rating in a report on Monday, January 26th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Simmons First National in a report on Monday, December 29th. Three investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Simmons First National has a consensus rating of “Moderate Buy” and a consensus target price of $22.43.

About Simmons First National

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.