Picton Mahoney Asset Management Invests $414,000 in Simmons First National Co. (NASDAQ:SFNC)

Picton Mahoney Asset Management purchased a new stake in shares of Simmons First National Co. (NASDAQ:SFNC) during the 4th quarter, Holdings Channel.com reports. The fund purchased 20,885 shares of the bank’s stock, valued at approximately $414,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Everpar Advisors LLC purchased a new position in shares of Simmons First National during the fourth quarter valued at approximately $1,560,000. Simmons Bank boosted its holdings in Simmons First National by 9.8% during the 4th quarter. Simmons Bank now owns 1,977,793 shares of the bank’s stock valued at $39,239,000 after acquiring an additional 175,716 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Simmons First National by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,603,937 shares of the bank’s stock valued at $31,822,000 after acquiring an additional 69,560 shares during the period. Victory Capital Management Inc. grew its position in Simmons First National by 131.8% in the 4th quarter. Victory Capital Management Inc. now owns 475,239 shares of the bank’s stock valued at $9,429,000 after acquiring an additional 270,255 shares during the last quarter. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in Simmons First National in the fourth quarter worth $787,000. 27.58% of the stock is owned by hedge funds and other institutional investors.

Simmons First National Trading Up 0.4 %

NASDAQ:SFNC opened at $17.91 on Thursday. The firm has a 50-day simple moving average of $18.55 and a 200-day simple moving average of $18.08. Simmons First National Co. has a one year low of $13.36 and a one year high of $20.82. The firm has a market cap of $2.24 billion, a P/E ratio of 13.47 and a beta of 0.90. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.77 and a current ratio of 0.77.

Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings data on Wednesday, April 24th. The bank reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates of $0.32. The company had revenue of $195.10 million during the quarter, compared to the consensus estimate of $202.35 million. Simmons First National had a net margin of 11.97% and a return on equity of 5.94%. Simmons First National’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.37 earnings per share. Equities analysts anticipate that Simmons First National Co. will post 1.33 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, July 1st. Investors of record on Friday, June 14th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date of this dividend is Friday, June 14th. Simmons First National’s payout ratio is currently 63.16%.

Insider Buying and Selling at Simmons First National

In related news, EVP George A. Makris III sold 15,625 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $17.23, for a total transaction of $269,218.75. Following the completion of the transaction, the executive vice president now owns 39,707 shares in the company, valued at approximately $684,151.61. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.91% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on SFNC. Robert W. Baird raised their price target on shares of Simmons First National from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. Keefe, Bruyette & Woods decreased their price target on shares of Simmons First National from $21.00 to $20.00 and set a “market perform” rating for the company in a research note on Thursday, April 25th. Stephens dropped their price objective on Simmons First National from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 25th. Finally, StockNews.com lowered Simmons First National from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $21.00.

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.