1900 Wealth Management LLC Decreases Stock Holdings in Simmons First National Co. (NASDAQ:SFNC)

1900 Wealth Management LLC lessened its holdings in Simmons First National Co. (NASDAQ:SFNC) by 5.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,595 shares of the bank’s stock after selling 2,930 shares during the period. 1900 Wealth Management LLC’s holdings in Simmons First National were worth $1,033,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SFNC. Geode Capital Management LLC increased its holdings in Simmons First National by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,992,851 shares of the bank’s stock valued at $64,478,000 after purchasing an additional 37,519 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Simmons First National by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,866,142 shares of the bank’s stock worth $40,197,000 after purchasing an additional 65,992 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Simmons First National by 33.8% in the third quarter. JPMorgan Chase & Co. now owns 676,171 shares of the bank’s stock worth $14,565,000 after buying an additional 170,821 shares during the period. Principal Financial Group Inc. grew its stake in shares of Simmons First National by 4.4% in the third quarter. Principal Financial Group Inc. now owns 646,325 shares of the bank’s stock valued at $13,922,000 after buying an additional 27,479 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Simmons First National by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 339,142 shares of the bank’s stock valued at $7,305,000 after buying an additional 17,265 shares during the period. Institutional investors and hedge funds own 27.58% of the company’s stock.

Insider Buying and Selling at Simmons First National

In other news, CAO David W. Garner sold 5,090 shares of Simmons First National stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $25.25, for a total value of $128,522.50. Following the completion of the transaction, the chief accounting officer now directly owns 64,966 shares of the company’s stock, valued at approximately $1,640,391.50. The trade was a 7.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman George Makris, Jr. sold 25,440 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $25.21, for a total transaction of $641,342.40. Following the sale, the chairman now owns 608,347 shares in the company, valued at approximately $15,336,427.87. This trade represents a 4.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 45,800 shares of company stock worth $1,136,650 over the last quarter. 1.91% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SFNC shares. StockNews.com upgraded Simmons First National from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Stephens reduced 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 Trading Up 0.5 %

Shares of SFNC opened at $23.30 on Friday. Simmons First National Co. has a one year low of $16.03 and a one year high of $25.95. The stock has a 50-day moving average price of $22.84 and a 200 day moving average price of $22.25. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $2.93 billion, a P/E ratio of 19.26 and a beta of 0.86.

Simmons First National (NASDAQ:SFNC) last released its earnings results on Tuesday, January 21st. The bank reported $0.39 EPS for the quarter, beating the consensus estimate of $0.36 by $0.03. The company had revenue of $208.50 million during the quarter, compared to analysts’ expectations of $208.67 million. Simmons First National had a return on equity of 5.10% and a net margin of 10.46%. The business’s revenue was up 17.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.40 EPS. Sell-side analysts forecast that Simmons First National Co. will post 1.66 EPS for the current fiscal year.

Simmons First National Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.2125 dividend. This is a positive change from Simmons First National’s previous quarterly dividend of $0.21. This represents a $0.85 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend is Friday, March 14th. Simmons First National’s payout ratio is currently 69.42%.

Simmons First National 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.