Simmons First National Co. (NASDAQ:SFNC) Holdings Trimmed by Connors Investor Services Inc.

Connors Investor Services Inc. cut its stake in shares of Simmons First National Co. (NASDAQ:SFNC) by 3.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 109,535 shares of the bank’s stock after selling 4,324 shares during the period. Connors Investor Services Inc.’s holdings in Simmons First National were worth $1,926,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Versant Capital Management Inc boosted its holdings in Simmons First National by 161.0% in the 2nd quarter. Versant Capital Management Inc now owns 1,843 shares of the bank’s stock valued at $32,000 after purchasing an additional 1,137 shares during the period. Farmers & Merchants Investments Inc. boosted its holdings in Simmons First National by 2,045.5% during the second quarter. Farmers & Merchants Investments Inc. now owns 1,888 shares of the bank’s stock valued at $33,000 after purchasing an additional 1,800 shares in the last quarter. TFO Wealth Partners LLC increased its holdings in shares of Simmons First National by 250,150.0% during the fourth quarter. TFO Wealth Partners LLC now owns 10,010 shares of the bank’s stock worth $199,000 after buying an additional 10,006 shares in the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in Simmons First National during the 1st quarter worth about $227,000. Finally, Everence Capital Management Inc. bought a new position in Simmons First National in the 1st quarter worth approximately $252,000. 27.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SFNC has been the topic of a number of analyst reports. StockNews.com downgraded shares of Simmons First National from a “hold” rating to a “sell” rating in a research report on Monday, September 2nd. Keefe, Bruyette & Woods increased their target price on Simmons First National from $20.00 to $22.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Piper Sandler upped their price objective on shares of Simmons First National from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Friday, July 26th. Finally, Stephens raised their target price on shares of Simmons First National from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $21.75.

Insider Transactions at Simmons First National

In other Simmons First National news, CAO David W. Garner sold 3,600 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $21.21, for a total value of $76,356.00. Following the completion of the sale, the chief accounting officer now directly owns 64,966 shares in the company, valued at $1,377,928.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Simmons First National news, CAO David W. Garner sold 3,600 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $21.21, for a total value of $76,356.00. Following the transaction, the chief accounting officer now owns 64,966 shares in the company, valued at $1,377,928.86. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman George Makris, Jr. sold 21,420 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $21.58, for a total value of $462,243.60. Following the transaction, the chairman now directly owns 608,347 shares in the company, valued at $13,128,128.26. The disclosure for this sale can be found here. Insiders sold a total of 33,700 shares of company stock valued at $728,952 in the last quarter. 1.91% of the stock is currently owned by company insiders.

Simmons First National Stock Performance

NASDAQ:SFNC opened at $21.14 on Tuesday. Simmons First National Co. has a fifty-two week low of $13.36 and a fifty-two week high of $22.29. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.80 and a current ratio of 0.80. The company has a 50 day simple moving average of $20.38 and a two-hundred day simple moving average of $18.79. The company has a market capitalization of $2.65 billion, a PE ratio of 15.89 and a beta of 0.87.

Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings data on Wednesday, July 24th. The bank reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.02. Simmons First National had a return on equity of 5.33% and a net margin of 10.49%. The firm had revenue of $372.44 million during the quarter, compared to analyst estimates of $197.30 million. During the same period last year, the company posted $0.48 EPS. Research analysts anticipate that Simmons First National Co. will post 1.32 earnings per share for the current year.

Simmons First National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend is Friday, September 13th. Simmons First National’s payout ratio is 63.16%.

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.