SG Americas Securities LLC Decreases Stock Holdings in Simmons First National Corporation $SFNC

SG Americas Securities LLC decreased its stake in shares of Simmons First National Corporation (NASDAQ:SFNC) by 54.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,576 shares of the bank’s stock after selling 62,595 shares during the period. SG Americas Securities LLC’s holdings in Simmons First National were worth $1,003,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SFNC. EverSource Wealth Advisors LLC raised its stake in Simmons First National by 197.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,663 shares of the bank’s stock valued at $32,000 after buying an additional 1,104 shares during the last quarter. Hantz Financial Services Inc. increased its position in Simmons First National by 35.6% during 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 last quarter. Osaic Holdings Inc. increased its position in 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 acquiring an additional 644 shares during the last quarter. Systematic Financial Management LP bought a new position in Simmons First National in the fourth quarter valued at about $66,000. Finally, Cullen Frost Bankers Inc. bought a new position in Simmons First National in the fourth quarter valued at about $76,000. Hedge funds and other institutional investors own 27.58% of the company’s stock.

Simmons First National Price Performance

NASDAQ SFNC opened at $22.84 on Friday. The company has a market capitalization of $3.31 billion, a PE ratio of -8.92 and a beta of 0.90. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.90 and a current ratio of 0.90. The business’s fifty day moving average is $21.67 and its 200 day moving average is $20.55. Simmons First National Corporation has a fifty-two week low of $17.00 and a fifty-two week high of $23.40.

Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings results on Thursday, April 16th. The bank reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. Simmons First National had a positive return on equity of 7.81% and a negative net margin of 25.44%.The business had revenue of $241.37 million during the quarter, compared to analysts’ expectations of $243.02 million. During the same quarter in the prior year, the business posted $0.26 earnings per share. The business’s quarterly revenue was up 15.2% on a year-over-year basis. Sell-side analysts predict that Simmons First National Corporation will post 2.08 earnings per share 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. The ex-dividend date was Monday, June 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.8%. Simmons First National’s payout ratio is -33.59%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SFNC shares. Weiss Ratings upgraded Simmons First National from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, April 24th. 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 research note on Monday, April 20th. National Bank Financial set a $24.00 price objective on shares of Simmons First National in a report on Monday, June 29th. Morgan Stanley reissued a “positive” rating on shares of Simmons First National in a report on Monday, June 29th. Finally, DA Davidson restated a “neutral” rating and set a $21.00 target price on shares of Simmons First National in a research report on Friday, April 17th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Simmons First National has an average rating of “Moderate Buy” and an average target price of $23.00.

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.