Missouri Trust & Investment Co Sells 1,000 Shares of Simmons First National Co. (NASDAQ:SFNC)

Missouri Trust & Investment Co trimmed its position in Simmons First National Co. (NASDAQ:SFNC) by 2.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,840 shares of the bank’s stock after selling 1,000 shares during the quarter. Missouri Trust & Investment Co’s holdings in Simmons First National were worth $772,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Covestor Ltd lifted its position in shares of Simmons First National by 13.7% in the third quarter. Covestor Ltd now owns 4,129 shares of the bank’s stock worth $89,000 after purchasing an additional 497 shares in the last quarter. 1900 Wealth Management LLC raised its holdings in Simmons First National by 1.1% in the 2nd quarter. 1900 Wealth Management LLC now owns 48,948 shares of the bank’s stock valued at $860,000 after acquiring an additional 533 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Simmons First National by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 35,085 shares of the bank’s stock worth $617,000 after purchasing an additional 686 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in Simmons First National by 1.8% during the second quarter. Louisiana State Employees Retirement System now owns 63,100 shares of the bank’s stock worth $1,109,000 after purchasing an additional 1,100 shares during the period. Finally, Versant Capital Management Inc grew its stake in Simmons First National by 161.0% during the second quarter. Versant Capital Management Inc now owns 1,843 shares of the bank’s stock worth $32,000 after buying an additional 1,137 shares in the last quarter. 27.58% of the stock is owned by institutional investors.

Simmons First National Stock Up 1.4 %

Simmons First National stock traded up $0.34 during mid-day trading on Tuesday, reaching $25.52. The stock had a trading volume of 148,414 shares, compared to its average volume of 535,633. The firm has a market capitalization of $3.20 billion, a PE ratio of 24.69 and a beta of 0.86. The stock’s 50-day simple moving average is $22.12 and its 200-day simple moving average is $19.82. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.80 and a current ratio of 0.80. Simmons First National Co. has a fifty-two week low of $14.59 and a fifty-two week high of $25.95.

Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings data on Friday, October 18th. The bank reported $0.37 EPS for the quarter, topping the consensus estimate of $0.33 by $0.04. Simmons First National had a return on equity of 5.15% and a net margin of 8.94%. The firm had revenue of $203.20 million during the quarter, compared to the consensus estimate of $204.91 million. During the same period in the prior year, the business posted $0.39 earnings per share. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, sell-side analysts forecast that Simmons First National Co. will post 1.33 EPS for the current fiscal year.

Simmons First National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.29%. Simmons First National’s dividend payout ratio is currently 82.35%.

Wall Street Analysts Forecast Growth

SFNC has been the subject of a number of recent analyst reports. StockNews.com raised shares of Simmons First National from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Keefe, Bruyette & Woods boosted their price target 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 boosted their target price on Simmons First National from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Friday, July 26th. Finally, Stephens raised shares of Simmons First National from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $27.00 to $28.00 in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $23.00.

Insider Activity at Simmons First National

In related 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 transaction of $76,356.00. Following the completion of the sale, the chief accounting officer now directly owns 64,966 shares of the company’s stock, valued at approximately $1,377,928.86. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.91% of the stock is owned by insiders.

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.