Picton Mahoney Asset Management Invests $414,000 in Simmons First National Co. (NASDAQ:SFNC)

Picton Mahoney Asset Management purchased a new stake in shares of Simmons First National Co. (NASDAQ:SFNC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,885 shares of the bank’s stock, valued at approximately $414,000.

Several other institutional investors also recently added to or reduced their stakes in SFNC. Everpar Advisors LLC purchased a new stake in Simmons First National in the fourth quarter worth $1,560,000. Simmons Bank increased its holdings in Simmons First National by 9.8% in the 4th quarter. Simmons Bank now owns 1,977,793 shares of the bank’s stock worth $39,239,000 after acquiring an additional 175,716 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Simmons First National by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,603,937 shares of the bank’s stock valued at $31,822,000 after acquiring an additional 69,560 shares during the period. Victory Capital Management Inc. lifted its holdings in Simmons First National by 131.8% during the fourth quarter. Victory Capital Management Inc. now owns 475,239 shares of the bank’s stock valued at $9,429,000 after purchasing an additional 270,255 shares during the last quarter. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in Simmons First National during the fourth quarter valued at about $787,000. Institutional investors own 27.58% of the company’s stock.

Simmons First National Stock Performance

NASDAQ SFNC opened at $17.91 on Thursday. The company’s 50 day simple moving average is $18.55 and its two-hundred day simple moving average is $18.08. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.77 and a quick ratio of 0.77. Simmons First National Co. has a 1 year low of $13.36 and a 1 year high of $20.82. The stock has a market capitalization of $2.24 billion, a PE ratio of 13.47 and a beta of 0.90.

Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings data on Wednesday, April 24th. The bank reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. The company had revenue of $195.10 million for the quarter, compared to the consensus estimate of $202.35 million. Simmons First National had a return on equity of 5.94% and a net margin of 11.97%. The firm’s revenue was down 12.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 earnings per share. Analysts predict that Simmons First National Co. will post 1.33 earnings per share for the current fiscal year.

Simmons First National Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 4.69%. The ex-dividend date is Friday, June 14th. Simmons First National’s payout ratio is 63.16%.

Analysts Set New Price Targets

Several analysts have recently issued reports on SFNC shares. StockNews.com lowered shares of Simmons First National from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Robert W. Baird increased their target price on Simmons First National from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. Stephens cut their price target on Simmons First National from $22.00 to $21.00 and set an “equal weight” rating for the company in a report on Thursday, April 25th. Finally, Keefe, Bruyette & Woods decreased their price objective on Simmons First National from $21.00 to $20.00 and set a “market perform” rating on the stock in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $21.00.

Insider Buying and Selling

In other Simmons First National news, EVP George A. Makris III sold 15,625 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $17.23, for a total value of $269,218.75. Following the completion of the transaction, the executive vice president now owns 39,707 shares of the company’s stock, valued at approximately $684,151.61. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.91% of the stock is owned by company 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.