Evercore Trust Company N.A. reduced its stake in Simmons First National Corporation (NASDAQ:SFNC) by 5.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 746,988 shares of the bank’s stock after selling 44,645 shares during the period. Evercore Trust Company N.A. owned 2.32% of Simmons First National Corporation worth $39,516,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Elkfork Partners LLC boosted its stake in Simmons First National Corporation by 16.1% in the first quarter. Elkfork Partners LLC now owns 2,016 shares of the bank’s stock valued at $111,000 after buying an additional 280 shares during the period. Meadow Creek Investment Management LLC boosted its stake in Simmons First National Corporation by 16.1% in the first quarter. Meadow Creek Investment Management LLC now owns 2,448 shares of the bank’s stock valued at $135,000 after buying an additional 340 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in Simmons First National Corporation during the first quarter valued at $140,000. Victory Capital Management Inc. boosted its stake in Simmons First National Corporation by 23.8% in the first quarter. Victory Capital Management Inc. now owns 2,706 shares of the bank’s stock valued at $149,000 after buying an additional 521 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in Simmons First National Corporation by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 3,290 shares of the bank’s stock valued at $181,000 after buying an additional 70 shares during the period. Institutional investors and hedge funds own 52.08% of the company’s stock.

Simmons First National Corporation (NASDAQ SFNC) opened at 51.55 on Friday. Simmons First National Corporation has a 12 month low of $45.90 and a 12 month high of $67.00. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 17.02 and a beta of 1.12. The stock has a 50 day moving average price of $53.04 and a 200 day moving average price of $54.44.

Simmons First National Corporation (NASDAQ:SFNC) last announced its quarterly earnings results on Wednesday, July 19th. The bank reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. The firm had revenue of $112.56 million during the quarter, compared to analyst estimates of $110 million. Simmons First National Corporation had a return on equity of 8.71% and a net margin of 21.03%. Analysts anticipate that Simmons First National Corporation will post $3.16 earnings per share for the current fiscal year.

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SFNC has been the subject of several research analyst reports. Stephens set a $64.00 price objective on Simmons First National Corporation and gave the stock a “buy” rating in a report on Tuesday, August 15th. Zacks Investment Research upgraded Simmons First National Corporation from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Wednesday, July 26th. ValuEngine cut Simmons First National Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub raised Simmons First National Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Finally, Keefe, Bruyette & Woods set a $61.00 target price on Simmons First National Corporation and gave the stock a “hold” rating in a research report on Saturday, April 22nd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Simmons First National Corporation currently has an average rating of “Hold” and an average target price of $61.75.

In other Simmons First National Corporation news, Director Christopher R. Kirkland sold 547 shares of the company’s stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $55.00, for a total transaction of $30,085.00. Following the completion of the sale, the director now owns 228,399 shares in the company, valued at $12,561,945. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Joseph D. Porter sold 23,000 shares of the company’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $55.00, for a total value of $1,265,000.00. Following the sale, the director now owns 48,819 shares of the company’s stock, valued at approximately $2,685,045. The disclosure for this sale can be found here. Insiders sold 24,747 shares of company stock valued at $1,357,029 in the last quarter. 4.63% of the stock is owned by company insiders.

About Simmons First National Corporation

Simmons First National Corporation is a financial holding company. The Company, through its subsidiary bank, Simmons Bank, provides financial services to individuals and businesses throughout the market areas they serve. As of December 31, 2016, Simmons Bank conducted banking operations through 150 financial centers located in communities throughout Arkansas, Kansas, Missouri and Tennessee.

Institutional Ownership by Quarter for Simmons First National Corporation (NASDAQ:SFNC)

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