Forvis Mazars Wealth Advisors LLC Has $4.74 Million Holdings in Simmons First National Co. (NASDAQ:SFNC)

Forvis Mazars Wealth Advisors LLC lessened its holdings in shares of Simmons First National Co. (NASDAQ:SFNC) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 213,570 shares of the bank’s stock after selling 2,000 shares during the quarter. Forvis Mazars Wealth Advisors LLC owned approximately 0.17% of Simmons First National worth $4,737,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Farmers & Merchants Investments Inc. increased its position in Simmons First National by 105.9% during the third quarter. Farmers & Merchants Investments Inc. now owns 3,888 shares of the bank’s stock worth $84,000 after buying an additional 2,000 shares during the last quarter. Covestor Ltd increased its position in Simmons First National by 13.7% during the third quarter. Covestor Ltd now owns 4,129 shares of the bank’s stock worth $89,000 after buying an additional 497 shares during the last quarter. KBC Group NV increased its position in Simmons First National by 29.0% during the third quarter. KBC Group NV now owns 4,648 shares of the bank’s stock worth $100,000 after buying an additional 1,045 shares during the last quarter. FMR LLC increased its position in Simmons First National by 5.5% during the third quarter. FMR LLC now owns 7,778 shares of the bank’s stock worth $168,000 after buying an additional 403 shares during the last quarter. Finally, LMR Partners LLP acquired a new position in Simmons First National during the third quarter worth approximately $205,000. Institutional investors and hedge funds own 27.58% of the company’s stock.

Simmons First National Price Performance

Simmons First National stock opened at $21.65 on Friday. Simmons First National Co. has a 12 month low of $16.03 and a 12 month high of $25.95. The stock’s 50 day moving average is $22.43 and its 200-day moving average is $22.39. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 17.89 and a beta of 0.86.

Simmons First National (NASDAQ:SFNC) last posted its earnings results on Tuesday, January 21st. The bank reported $0.39 EPS for the quarter, beating the consensus estimate of $0.36 by $0.03. Simmons First National had a return on equity of 5.10% and a net margin of 10.46%. The company had revenue of $208.50 million for the quarter, compared to the consensus estimate of $208.67 million. During the same quarter in the prior year, the business earned $0.40 earnings per share. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. Equities research analysts expect that Simmons First National Co. will post 1.66 EPS for the current year.

Simmons First National Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.2125 dividend. This is a boost from Simmons First National’s previous quarterly dividend of $0.21. This represents a $0.85 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Friday, March 14th. Simmons First National’s payout ratio is 70.25%.

Wall Street Analyst Weigh In

Separately, Stephens lowered their price target on Simmons First National from $29.00 to $28.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd.

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.