Allred Capital Management LLC Purchases New Position in Simmons First National Co. (SFNC)

Allred Capital Management LLC purchased a new position in shares of Simmons First National Co. (NASDAQ:SFNC) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 13,770 shares of the bank’s stock, valued at approximately $332,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Horrell Capital Management Inc. increased its holdings in shares of Simmons First National by 0.9% during the fourth quarter. Horrell Capital Management Inc. now owns 62,058 shares of the bank’s stock worth $1,497,000 after buying an additional 566 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Simmons First National by 3.6% during the fourth quarter. State of Alaska Department of Revenue now owns 30,943 shares of the bank’s stock worth $746,000 after buying an additional 1,061 shares in the last quarter. Shelton Capital Management increased its holdings in shares of Simmons First National by 18.2% during the fourth quarter. Shelton Capital Management now owns 9,302 shares of the bank’s stock worth $224,000 after buying an additional 1,435 shares in the last quarter. Piedmont Investment Advisors Inc. increased its holdings in shares of Simmons First National by 14.8% during the third quarter. Piedmont Investment Advisors Inc. now owns 21,225 shares of the bank’s stock worth $625,000 after buying an additional 2,744 shares in the last quarter. Finally, American International Group Inc. increased its holdings in shares of Simmons First National by 4.4% during the third quarter. American International Group Inc. now owns 71,308 shares of the bank’s stock worth $2,100,000 after buying an additional 2,997 shares in the last quarter. Hedge funds and other institutional investors own 54.20% of the company’s stock.

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Shares of Simmons First National stock opened at $25.43 on Tuesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $2.32 billion, a P/E ratio of 10.73 and a beta of 1.06. Simmons First National Co. has a fifty-two week low of $22.64 and a fifty-two week high of $33.45.

Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings results on Tuesday, January 22nd. The bank reported $0.61 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.61. The business had revenue of $172.37 million during the quarter, compared to analyst estimates of $177.84 million. Simmons First National had a net margin of 26.16% and a return on equity of 10.14%. Equities analysts predict that Simmons First National Co. will post 2.48 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Friday, March 15th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.52%. This is a positive change from Simmons First National’s previous quarterly dividend of $0.15. Simmons First National’s dividend payout ratio (DPR) is currently 25.32%.

Several analysts have recently weighed in on SFNC shares. Robert W. Baird started coverage on shares of Simmons First National in a report on Tuesday, October 16th. They set an “outperform” rating and a $34.00 price objective for the company. Stephens set a $34.00 price objective on shares of Simmons First National and gave the stock a “buy” rating in a report on Monday, October 22nd. Zacks Investment Research raised shares of Simmons First National from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Friday, October 26th. BidaskClub raised shares of Simmons First National from a “sell” rating to a “hold” rating in a report on Tuesday, October 30th. Finally, ValuEngine raised shares of Simmons First National from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $31.60.

In related news, EVP Patrick A. Burrow purchased 1,500 shares of the stock in a transaction that occurred on Tuesday, November 20th. The stock was acquired at an average price of $27.65 per share, with a total value of $41,475.00. Following the completion of the acquisition, the executive vice president now directly owns 31,829 shares in the company, valued at approximately $880,071.85. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO George Makris, Jr. purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, January 30th. The stock was bought at an average cost of $24.85 per share, with a total value of $248,500.00. Following the acquisition, the chief executive officer now owns 220,766 shares of the company’s stock, valued at $5,486,035.10. The disclosure for this purchase can be found here. Company insiders own 2.76% of the company’s stock.

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About Simmons First National

Simmons First National Corporation operates as the holding company for Simmons Bank that provides financial products and services to individuals and businesses. It offers checking, savings, and time deposits; loan products, including consumer, real estate, commercial, agricultural, equipment, and SBA lending; personal and corporate trust services; credit cards; investment management products; insurance products; and securities and investment services.

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