Forvis Mazars Wealth Advisors LLC Sells 2,000 Shares of Simmons First National Co. (NASDAQ:SFNC)

Forvis Mazars Wealth Advisors LLC reduced its stake in Simmons First National Co. (NASDAQ:SFNC) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 213,570 shares of the bank’s stock after selling 2,000 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Simmons First National were worth $4,737,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in SFNC. Geode Capital Management LLC lifted its stake in Simmons First National by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,992,851 shares of the bank’s stock worth $64,478,000 after purchasing an additional 37,519 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 last quarter. JPMorgan Chase & Co. lifted its stake in Simmons First National by 33.8% during the third quarter. JPMorgan Chase & Co. now owns 676,171 shares of the bank’s stock worth $14,565,000 after purchasing an additional 170,821 shares during the last quarter. Principal Financial Group Inc. lifted its stake 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 purchasing an additional 27,115 shares during the last quarter. Finally, Empowered Funds LLC lifted its stake in Simmons First National by 5.1% during the fourth quarter. Empowered Funds LLC now owns 356,500 shares of the bank’s stock worth $7,907,000 after purchasing an additional 17,358 shares during the last quarter. 27.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Stephens cut 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 Stock Down 1.2 %

Shares of SFNC opened at $21.65 on Friday. Simmons First National Co. has a 52 week low of $16.03 and a 52 week high of $25.95. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 17.89 and a beta of 0.86. 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 of $22.43 and a 200-day moving average of $22.39.

Simmons First National (NASDAQ:SFNC) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $0.39 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $208.67 million. During the same period in the prior year, the company earned $0.40 EPS. Simmons First National’s revenue was up 17.4% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 paid a $0.2125 dividend. This represents a $0.85 dividend on an annualized basis and a dividend yield of 3.93%. This is a boost from Simmons First National’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, March 14th. Simmons First National’s dividend payout ratio is presently 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.