International Assets Investment Management LLC Buys 14,260 Shares of Simmons First National Co. (NASDAQ:SFNC)

International Assets Investment Management LLC raised its stake in Simmons First National Co. (NASDAQ:SFNC) by 2,078.7% in the third quarter, Holdings Channel.com reports. The firm owned 14,946 shares of the bank’s stock after acquiring an additional 14,260 shares during the period. International Assets Investment Management LLC’s holdings in Simmons First National were worth $322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Westwood Holdings Group Inc. bought a new position in shares of Simmons First National during the 1st quarter worth about $31,495,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Simmons First National by 9,443.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,395,980 shares of the bank’s stock worth $24,541,000 after acquiring an additional 1,381,353 shares during the period. Mesirow Institutional Investment Management Inc. bought a new position in shares of Simmons First National during the 1st quarter worth about $10,723,000. Dimensional Fund Advisors LP lifted its holdings in shares of Simmons First National by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,323,934 shares of the bank’s stock worth $128,752,000 after acquiring an additional 413,459 shares during the period. Finally, Denali Advisors LLC lifted its holdings in shares of Simmons First National by 104.6% during the 2nd quarter. Denali Advisors LLC now owns 376,000 shares of the bank’s stock worth $6,610,000 after acquiring an additional 192,200 shares during the period. 27.58% of the stock is owned by institutional investors.

Simmons First National Trading Up 9.5 %

Shares of Simmons First National stock opened at $25.53 on Thursday. The stock has a market capitalization of $3.21 billion, a P/E ratio of 25.03 and a beta of 0.86. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.40. The company has a 50-day simple moving average of $21.98 and a 200 day simple moving average of $19.72. Simmons First National Co. has a 12-month low of $14.59 and a 12-month high of $25.95.

Simmons First National (NASDAQ:SFNC) last announced its earnings results on Friday, October 18th. The bank reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. The business had revenue of $203.20 million during the quarter, compared to analysts’ expectations of $204.91 million. Simmons First National had a net margin of 8.94% and a return on equity of 5.15%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the company posted $0.39 EPS. Research analysts expect that Simmons First National Co. will post 1.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on SFNC. Piper Sandler raised their price objective on shares of Simmons First National from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Friday, July 26th. Keefe, Bruyette & Woods increased their target price on shares of Simmons First National from $20.00 to $22.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. StockNews.com upgraded shares of Simmons First National from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Finally, Stephens upgraded shares of Simmons First National from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $27.00 to $28.00 in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Simmons First National presently has an average rating of “Hold” and a consensus target price of $23.00.

Insider Buying and Selling at Simmons First National

In other Simmons First National news, CAO David W. Garner sold 3,600 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $21.21, for a total value of $76,356.00. Following the completion of the sale, the chief accounting officer now owns 64,966 shares in the company, valued at approximately $1,377,928.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.91% of the company’s stock.

About Simmons First National

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.