King Luther Capital Management Corp Has $684,000 Stock Position in Simmons First National Co. (NASDAQ:SFNC)

King Luther Capital Management Corp lessened its stake in Simmons First National Co. (NASDAQ:SFNC) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,859 shares of the bank’s stock after selling 1,600 shares during the quarter. King Luther Capital Management Corp’s holdings in Simmons First National were worth $684,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. raised its position in Simmons First National by 4.2% during the fourth quarter. Principal Financial Group Inc. now owns 673,440 shares of the bank’s stock worth $14,937,000 after acquiring an additional 27,115 shares in the last quarter. Carlson Capital L.P. acquired a new stake in Simmons First National in the 4th quarter valued at about $464,000. Charles Schwab Investment Management Inc. grew its holdings in Simmons First National by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,866,142 shares of the bank’s stock worth $40,197,000 after purchasing an additional 65,992 shares during the period. Franklin Resources Inc. acquired a new stake in shares of Simmons First National in the third quarter valued at approximately $1,339,000. Finally, Systematic Financial Management LP acquired a new stake in shares of Simmons First National in the third quarter valued at approximately $824,000. 27.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Simmons First National Stock Performance

NASDAQ:SFNC opened at $20.20 on Friday. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 16.69 and a beta of 0.84. Simmons First National Co. has a fifty-two week low of $16.03 and a fifty-two week high of $25.95. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a fifty day moving average price of $22.00 and a 200-day moving average price of $22.48.

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

Simmons First National Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a dividend of $0.2125 per share. This is an increase from Simmons First National’s previous quarterly dividend of $0.21. This represents a $0.85 annualized dividend and a yield of 4.21%. The ex-dividend date is Friday, March 14th. Simmons First National’s payout ratio is currently 70.25%.

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.