Simmons First National Corporation $SFNC Shares Sold by Burney Co.

Burney Co. trimmed its holdings in shares of Simmons First National Corporation (NASDAQ:SFNC) by 46.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 138,929 shares of the bank’s stock after selling 122,758 shares during the period. Burney Co. owned 0.10% of Simmons First National worth $2,702,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SFNC. EverSource Wealth Advisors LLC raised its stake in Simmons First National by 197.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,663 shares of the bank’s stock worth $32,000 after acquiring an additional 1,104 shares during the period. Hantz Financial Services Inc. boosted its stake in Simmons First National by 35.6% in the fourth quarter. Hantz Financial Services Inc. now owns 1,884 shares of the bank’s stock valued at $36,000 after acquiring an additional 495 shares during the period. Osaic Holdings Inc. grew its holdings in shares of Simmons First National by 32.0% during the second quarter. Osaic Holdings Inc. now owns 2,658 shares of the bank’s stock valued at $50,000 after purchasing an additional 644 shares during the last quarter. Systematic Financial Management LP bought a new position in shares of Simmons First National during the fourth quarter valued at approximately $66,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Simmons First National during the 4th quarter worth approximately $76,000. 27.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SFNC shares. DA Davidson restated a “neutral” rating and set a $21.00 price objective on shares of Simmons First National in a research report on Friday, April 17th. National Bank Financial set a $24.00 target price on Simmons First National in a research note on Monday, June 29th. Zacks Research downgraded shares of Simmons First National from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Weiss Ratings upgraded shares of Simmons First National from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, April 24th. Finally, Stephens increased their price objective on shares of Simmons First National from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Simmons First National currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

Simmons First National Stock Performance

Shares of SFNC stock opened at $22.75 on Wednesday. Simmons First National Corporation has a 12-month low of $17.00 and a 12-month high of $23.40. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of -8.89 and a beta of 0.90. The business has a 50 day simple moving average of $21.73 and a 200 day simple moving average of $20.61.

Simmons First National (NASDAQ:SFNC) last announced its earnings results on Thursday, April 16th. The bank reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Simmons First National had a positive return on equity of 7.81% and a negative net margin of 25.44%.The firm had revenue of $241.37 million for the quarter, compared to the consensus estimate of $243.02 million. During the same quarter in the previous year, the business earned $0.26 EPS. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. On average, equities research analysts anticipate that Simmons First National Corporation will post 2.08 EPS for the current year.

Simmons First National Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 15th were paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Monday, June 15th. Simmons First National’s payout ratio is currently -33.59%.

Simmons First National Company 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.