Mutual of America Capital Management LLC Buys 553 Shares of Simmons First National Co. (NASDAQ:SFNC)

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Mutual of America Capital Management LLC lifted its stake in shares of Simmons First National Co. (NASDAQ:SFNCGet Rating) by 3.5% in the first quarter, Holdings Channel.com reports. The fund owned 16,242 shares of the bank’s stock after acquiring an additional 553 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Simmons First National were worth $426,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. State Street Corp raised its position in shares of Simmons First National by 12.4% during the fourth quarter. State Street Corp now owns 5,507,262 shares of the bank’s stock worth $163,796,000 after acquiring an additional 607,530 shares during the last quarter. Westwood Holdings Group Inc. raised its position in shares of Simmons First National by 27.8% during the fourth quarter. Westwood Holdings Group Inc. now owns 2,830,239 shares of the bank’s stock worth $83,719,000 after acquiring an additional 615,775 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Simmons First National by 4.5% during the fourth quarter. Geode Capital Management LLC now owns 1,982,719 shares of the bank’s stock worth $58,648,000 after acquiring an additional 85,968 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Simmons First National by 119.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,969,799 shares of the bank’s stock worth $58,266,000 after acquiring an additional 1,073,187 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its position in shares of Simmons First National by 0.6% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,716,455 shares of the bank’s stock worth $50,773,000 after acquiring an additional 9,581 shares during the last quarter. 46.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SFNC has been the subject of a number of research analyst reports. Piper Sandler lowered their target price on Simmons First National to $24.50 in a report on Monday, July 4th. Stephens lifted their target price on Simmons First National to $25.00 in a report on Monday, July 25th. Finally, StockNews.com downgraded Simmons First National from a “hold” rating to a “sell” rating in a report on Thursday.

Insider Activity at Simmons First National

In related news, Director Dean O. Bass sold 8,810 shares of Simmons First National stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $22.86, for a total transaction of $201,396.60. Following the transaction, the director now owns 244,535 shares of the company’s stock, valued at $5,590,070.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Dean O. Bass sold 10,000 shares of Simmons First National stock in a transaction that occurred on Friday, May 6th. The stock was sold at an average price of $25.00, for a total transaction of $250,000.00. Following the transaction, the director now owns 252,730 shares of the company’s stock, valued at $6,318,250. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dean O. Bass sold 8,810 shares of Simmons First National stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $22.86, for a total value of $201,396.60. Following the sale, the director now owns 244,535 shares in the company, valued at $5,590,070.10. The disclosure for this sale can be found here. Insiders have purchased a total of 24,000 shares of company stock valued at $576,850 over the last 90 days. Insiders own 1.80% of the company’s stock.

Simmons First National Trading Up 1.6 %

Shares of Simmons First National stock opened at $23.75 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.71 and a current ratio of 0.71. Simmons First National Co. has a 52 week low of $19.87 and a 52 week high of $32.76. The stock has a 50 day moving average price of $22.67 and a two-hundred day moving average price of $25.56. The stock has a market capitalization of $3.10 billion, a PE ratio of 12.18 and a beta of 0.85.

Simmons First National (NASDAQ:SFNCGet Rating) last announced its quarterly earnings data on Thursday, July 21st. The bank reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. Simmons First National had a return on equity of 8.73% and a net margin of 25.19%. The firm had revenue of $225.28 million during the quarter, compared to analysts’ expectations of $228.57 million. During the same quarter last year, the firm posted $0.69 earnings per share. As a group, equities analysts anticipate that Simmons First National Co. will post 2.33 earnings per share for the current fiscal year.

Simmons First National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $0.76 dividend on an annualized basis and a yield of 3.20%. Simmons First National’s dividend payout ratio (DPR) is presently 38.97%.

About Simmons First National

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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; insurance products; and securities and investment services.

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Want to see what other hedge funds are holding SFNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Simmons First National Co. (NASDAQ:SFNCGet Rating).

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