Mesirow Financial Investment Management Equity Management Cuts Stake in Simmons First National Co. (SFNC)

Mesirow Financial Investment Management Equity Management trimmed its position in Simmons First National Co. (NASDAQ:SFNC) by 5.2% during the fourth quarter, HoldingsChannel reports. The firm owned 383,062 shares of the bank’s stock after selling 21,200 shares during the quarter. Mesirow Financial Investment Management Equity Management’s holdings in Simmons First National were worth $9,243,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Horrell Capital Management Inc. increased its position in shares of Simmons First National by 0.9% in the fourth quarter. Horrell Capital Management Inc. now owns 62,058 shares of the bank’s stock valued at $1,497,000 after acquiring an additional 566 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Simmons First National by 3.6% in the fourth quarter. State of Alaska Department of Revenue now owns 30,943 shares of the bank’s stock valued at $746,000 after acquiring an additional 1,061 shares during the last quarter. Shelton Capital Management increased its position in shares of Simmons First National by 18.2% in the fourth quarter. Shelton Capital Management now owns 9,302 shares of the bank’s stock valued at $224,000 after acquiring an additional 1,435 shares during the last quarter. Piedmont Investment Advisors Inc. increased its position in shares of Simmons First National by 14.8% in the third quarter. Piedmont Investment Advisors Inc. now owns 21,225 shares of the bank’s stock valued at $625,000 after acquiring an additional 2,744 shares during the last quarter. Finally, American International Group Inc. increased its position in shares of Simmons First National by 4.4% in the third quarter. American International Group Inc. now owns 71,308 shares of the bank’s stock valued at $2,100,000 after acquiring an additional 2,997 shares during the last quarter. Institutional investors own 52.62% of the company’s stock.

In other news, CEO George Makris, Jr. bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, January 30th. The shares were bought at an average price of $24.85 per share, with a total value of $248,500.00. Following the completion of the transaction, the chief executive officer now owns 220,766 shares of the company’s stock, valued at $5,486,035.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Patrick A. Burrow bought 1,500 shares of the firm’s stock in a transaction dated Tuesday, November 20th. The stock was purchased at an average cost of $27.65 per share, for a total transaction of $41,475.00. Following the transaction, the executive vice president now directly owns 31,829 shares of the company’s stock, valued at approximately $880,071.85. The disclosure for this purchase can be found here. 2.76% of the stock is owned by insiders.

Shares of NASDAQ SFNC opened at $25.54 on Monday. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 10.78 and a beta of 1.06. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.00 and a current ratio of 1.00. Simmons First National Co. has a twelve month low of $22.64 and a twelve month high of $33.45.

Simmons First National (NASDAQ:SFNC) last announced its quarterly earnings results on Tuesday, January 22nd. The bank reported $0.61 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.61. The firm had revenue of $172.37 million for the quarter, compared to the consensus estimate of $177.84 million. Simmons First National had a return on equity of 10.14% and a net margin of 26.16%. On average, analysts anticipate that Simmons First National Co. will post 2.48 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Friday, March 15th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date is Thursday, March 14th. This is an increase from Simmons First National’s previous quarterly dividend of $0.15. Simmons First National’s payout ratio is 25.32%.

SFNC has been the topic of a number of recent research reports. BidaskClub raised Simmons First National from a “hold” rating to a “buy” rating in a research report on Friday, November 23rd. Stephens set a $30.00 price target on Simmons First National and gave the stock a “buy” rating in a research report on Tuesday, January 22nd. Zacks Investment Research downgraded Simmons First National from a “buy” rating to a “hold” rating in a research report on Tuesday, November 27th. Finally, ValuEngine raised Simmons First National from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $31.60.

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Simmons First National 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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Institutional Ownership by Quarter for Simmons First National (NASDAQ:SFNC)

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