Advantage Alpha Capital Partners LP Has $622,000 Stock Position in Simmons First National Co. (NASDAQ:SFNC)

Advantage Alpha Capital Partners LP raised its stake in Simmons First National Co. (NASDAQ:SFNC) by 12.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,022 shares of the bank’s stock after acquiring an additional 3,177 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in Simmons First National were worth $622,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Simmons First National by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 14,866,647 shares of the bank’s stock valued at $329,742,000 after purchasing an additional 630,376 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Simmons First National by 33.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 676,171 shares of the bank’s stock valued at $14,565,000 after buying an additional 170,821 shares during the period. Barclays PLC raised its position in shares of Simmons First National by 131.4% during the third quarter. Barclays PLC now owns 247,821 shares of the bank’s stock worth $5,337,000 after acquiring an additional 140,738 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Simmons First National by 27.1% during the fourth quarter. Victory Capital Management Inc. now owns 515,690 shares of the bank’s stock valued at $11,438,000 after acquiring an additional 109,866 shares during the period. Finally, Dean Investment Associates LLC boosted its holdings in Simmons First National by 231.6% in the third quarter. Dean Investment Associates LLC now owns 137,352 shares of the bank’s stock valued at $2,959,000 after acquiring an additional 95,928 shares during the last quarter. Institutional investors and hedge funds own 27.58% of the company’s stock.

Analysts Set New Price Targets

Separately, Stephens cut their target price on shares of Simmons First National from $29.00 to $28.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd.

Simmons First National Price Performance

Shares of SFNC opened at $20.89 on Tuesday. The stock’s 50-day moving average price is $21.85 and its two-hundred day moving average price is $22.47. Simmons First National Co. has a 1 year low of $16.03 and a 1 year high of $25.95. The stock has a market cap of $2.63 billion, a P/E ratio of 17.26 and a beta of 0.84. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.32.

Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings data on Tuesday, January 21st. The bank reported $0.39 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03. Simmons First National had a return on equity of 5.10% and a net margin of 10.46%. The business had revenue of $208.50 million for the quarter, compared to the consensus estimate of $208.67 million. During the same quarter last year, the business posted $0.40 EPS. The firm’s revenue was up 17.4% compared to the same quarter last year. On average, equities analysts predict that Simmons First National Co. will post 1.66 earnings per share for the current year.

Simmons First National Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.2125 per share. This is an increase from Simmons First National’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.85 annualized dividend and a dividend yield of 4.07%. Simmons First National’s dividend payout ratio is currently 70.25%.

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.