Great Lakes Advisors LLC Sells 9,592 Shares of Simmons First National Co. (NASDAQ:SFNC)

Posted by Defense World Staff on Aug 20th, 2023

Great Lakes Advisors LLC lessened its holdings in shares of Simmons First National Co. (NASDAQ:SFNC – Free Report) by 4.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,928 shares of the bank’s stock after selling 9,592 shares during the period. Great Lakes Advisors LLC owned approximately 0.15% of Simmons First National worth $3,322,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Venturi Wealth Management LLC bought a new position in Simmons First National in the first quarter valued at approximately $66,000. CoreCap Advisors LLC bought a new stake in Simmons First National in the 4th quarter valued at $68,000. Tower Research Capital LLC TRC boosted its stake in Simmons First National by 27.9% in the 1st quarter. Tower Research Capital LLC TRC now owns 8,602 shares of the bank’s stock worth $150,000 after purchasing an additional 1,874 shares during the period. Quantbot Technologies LP bought a new position in Simmons First National during the 2nd quarter worth about $153,000. Finally, ExodusPoint Capital Management LP acquired a new stake in shares of Simmons First National in the 2nd quarter valued at about $214,000. 13.13% of the stock is currently owned by institutional investors and hedge funds.

Simmons First National Trading Down 0.3 %

Shares of NASDAQ:SFNC opened at $18.07 on Friday. The company’s 50-day moving average price is $18.44 and its two-hundred day moving average price is $18.51. Simmons First National Co. has a one year low of $14.68 and a one year high of $25.42. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market capitalization of $2.28 billion, a PE ratio of 8.60 and a beta of 0.84.

Simmons First National (NASDAQ:SFNC – Get Free Report) last released its earnings results on Tuesday, July 25th. The bank reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.07. The business had revenue of $342.20 million for the quarter, compared to analyst estimates of $213.85 million. Simmons First National had a return on equity of 8.28% and a net margin of 21.42%. During the same quarter in the prior year, the company posted $0.52 earnings per share. On average, equities analysts forecast that Simmons First National Co. will post 1.58 EPS for the current fiscal year.

Simmons First National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.43%. The ex-dividend date of this dividend is Thursday, September 14th. Simmons First National’s payout ratio is presently 38.10%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SFNC shares. StockNews.com started coverage on Simmons First National in a research report on Thursday. They set a “sell” rating for the company. TheStreet raised Simmons First National from a “c” rating to a “b-” rating in a research report on Tuesday, July 25th.

View Our Latest Report on Simmons First National

Insider Activity at Simmons First National

In other Simmons First National news, Director Dean O. Bass sold 30,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $19.78, for a total transaction of $593,400.00. Following the sale, the director now directly owns 104,377 shares of the company’s stock, valued at $2,064,577.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.76% of the stock is owned by company insiders.

About Simmons First National

(Free Report)

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. It 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.