Jackson Creek Investment Advisors LLC Buys Shares of 66,171 Simmons First National Co. (NASDAQ:SFNC)

Jackson Creek Investment Advisors LLC bought a new stake in Simmons First National Co. (NASDAQ:SFNC) during the 4th quarter, Holdings Channel reports. The fund bought 66,171 shares of the bank’s stock, valued at approximately $1,468,000.

Several other institutional investors also recently modified their holdings of SFNC. FMR LLC boosted its stake in Simmons First National by 5.5% during the 3rd quarter. FMR LLC now owns 7,778 shares of the bank’s stock worth $168,000 after acquiring an additional 403 shares during the last quarter. Covestor Ltd boosted its position in shares of 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 purchasing an additional 497 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Simmons First National by 6.3% in the 4th quarter. CIBC Asset Management Inc now owns 12,581 shares of the bank’s stock valued at $279,000 after buying an additional 751 shares during the period. KBC Group NV increased its position in shares of Simmons First National by 29.0% in the 3rd quarter. KBC Group NV now owns 4,648 shares of the bank’s stock valued at $100,000 after buying an additional 1,045 shares in the last quarter. Finally, Jag Capital Management LLC raised its stake in Simmons First National by 1.0% during the 4th quarter. Jag Capital Management LLC now owns 120,421 shares of the bank’s stock worth $2,671,000 after buying an additional 1,185 shares during the period. Institutional investors and hedge funds own 27.58% of the company’s stock.

Simmons First National Stock Performance

Shares of SFNC stock opened at $20.56 on Friday. The company has a market capitalization of $2.59 billion, a P/E ratio of 16.99 and a beta of 0.84. Simmons First National Co. has a 52 week low of $16.03 and a 52 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 company’s 50 day moving average price is $22.17 and its two-hundred day moving average price is $22.49.

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

Simmons First National Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a $0.2125 dividend. This represents a $0.85 dividend on an annualized basis and a dividend yield of 4.13%. This is a positive change from Simmons First National’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Friday, March 14th. Simmons First National’s payout ratio is 70.25%.

Wall Street Analysts Forecast Growth

Separately, Stephens decreased their target price on Simmons First National from $29.00 to $28.00 and set an “overweight” rating for the company in a research note 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.