Patten & Patten Inc. TN decreased its holdings in shares of Simmons First National Co. (NASDAQ:SFNC) by 23.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,184 shares of the bank’s stock after selling 4,150 shares during the quarter. Patten & Patten Inc. TN’s holdings in Simmons First National were worth $388,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Capital Fund Management S.A. acquired a new stake in shares of Simmons First National during the second quarter worth $227,000. LPL Financial LLC acquired a new stake in shares of Simmons First National during the first quarter worth $217,000. Diversified Trust Co boosted its holdings in shares of Simmons First National by 77.0% during the first quarter. Diversified Trust Co now owns 7,938 shares of the bank’s stock worth $226,000 after purchasing an additional 3,452 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Simmons First National during the second quarter worth $256,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Simmons First National during the second quarter worth $305,000. Institutional investors and hedge funds own 30.02% of the company’s stock.
Shares of SFNC opened at $27.89 on Thursday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.01 and a current ratio of 1.02. The firm has a market capitalization of $2.72 billion, a P/E ratio of 16.31 and a beta of 0.99. Simmons First National Co. has a twelve month low of $26.73 and a twelve month high of $33.45.
The company also recently announced a quarterly dividend, which was paid on Friday, October 5th. Investors of record on Friday, September 14th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend was Thursday, September 13th. Simmons First National’s dividend payout ratio (DPR) is currently 35.09%.
In related news, Director Russell William Teubner sold 2,072 shares of the stock in a transaction on Monday, July 30th. The stock was sold at an average price of $30.12, for a total value of $62,408.64. Following the transaction, the director now directly owns 1,498 shares of the company’s stock, valued at approximately $45,119.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.76% of the company’s stock.
Several equities research analysts have recently issued reports on SFNC shares. BidaskClub cut Simmons First National from a “buy” rating to a “hold” rating in a report on Saturday, June 30th. ValuEngine lowered Simmons First National from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Sandler O’Neill lowered Simmons First National from a “buy” rating to a “hold” rating and set a $33.00 target price on the stock. in a research report on Wednesday, July 25th. Zacks Investment Research lowered Simmons First National from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Finally, Robert W. Baird assumed coverage on Simmons First National in a research report on Tuesday. They issued an “outperform” rating and a $34.00 target price on the stock. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $33.25.
Simmons First National Company Profile
Simmons First National Corporation operates as the holding company for Simmons Bank that provides financial products and services to individuals and businesses. It offers checking, savings, and time deposits; loan products, including consumer, real estate, commercial, agricultural, equipment, and SBA lending; personal and corporate trust services; credit cards; investment management products; insurance products; and securities and investment services.
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