Alexander Labrunerie & CO. Inc. Takes Position in Simmons First National Co. (NASDAQ:SFNC)

Alexander Labrunerie & CO. Inc. bought a new position in shares of Simmons First National Co. (NASDAQ:SFNC) in the third quarter, Holdings Channel reports. The institutional investor bought 9,716 shares of the bank’s stock, valued at approximately $209,000.

A number of other hedge funds have also made changes to their positions in the company. Westwood Holdings Group Inc. bought a new stake in Simmons First National during the first quarter worth about $31,495,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Simmons First National by 9,443.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,395,980 shares of the bank’s stock worth $24,541,000 after acquiring an additional 1,381,353 shares in the last quarter. Mesirow Institutional Investment Management Inc. bought a new stake in Simmons First National during the 1st quarter worth approximately $10,723,000. Dimensional Fund Advisors LP increased its holdings in Simmons First National by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,323,934 shares of the bank’s stock valued at $128,752,000 after purchasing an additional 413,459 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Simmons First National by 54.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 992,678 shares of the bank’s stock valued at $19,695,000 after purchasing an additional 349,534 shares during the last quarter. Institutional investors and hedge funds own 27.58% of the company’s stock.

Insider Activity at Simmons First National

In other Simmons First National news, CAO David W. Garner sold 3,600 shares of Simmons First National stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $21.21, for a total transaction of $76,356.00. Following the completion of the sale, the chief accounting officer now owns 64,966 shares of the company’s stock, valued at approximately $1,377,928.86. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Simmons First National news, CEO Robert A. Fehlman sold 8,680 shares of Simmons First National stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $21.93, for a total value of $190,352.40. Following the sale, the chief executive officer now owns 156,357 shares of the company’s stock, valued at $3,428,909.01. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO David W. Garner sold 3,600 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $21.21, for a total transaction 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 approximately $1,377,928.86. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,700 shares of company stock worth $728,952 over the last ninety days. Company insiders own 1.91% of the company’s stock.

Simmons First National Trading Up 1.5 %

Shares of SFNC opened at $23.11 on Wednesday. The stock’s fifty day simple moving average is $21.29 and its 200-day simple moving average is $19.32. The firm has a market capitalization of $2.90 billion, a PE ratio of 22.66 and a beta of 0.87. Simmons First National Co. has a 12-month low of $13.36 and a 12-month high of $23.74. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.50.

Simmons First National (NASDAQ:SFNC) last released its earnings results on Friday, October 18th. The bank reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. The company had revenue of $203.20 million for the quarter, compared to the consensus estimate of $204.91 million. Simmons First National had a net margin of 10.49% and a return on equity of 5.33%. During the same period in the prior year, the company posted $0.39 EPS. The company’s revenue was up 3.6% compared to the same quarter last year. As a group, research analysts predict that Simmons First National Co. will post 1.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SFNC. Piper Sandler increased their target price on Simmons First National from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Friday, July 26th. StockNews.com raised shares of Simmons First National from a “sell” rating to a “hold” rating in a report on Monday. Stephens upgraded shares of Simmons First National from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $27.00 to $28.00 in a research report on Monday. Finally, Keefe, Bruyette & Woods upped their target price on shares of Simmons First National from $20.00 to $22.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $23.00.

About Simmons First National

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.