King Luther Capital Management Corp grew its position in Simmons First National Corporation (NASDAQ:SFNC) by 1.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 137,740 shares of the bank’s stock after buying an additional 2,175 shares during the quarter. King Luther Capital Management Corp owned 0.43% of Simmons First National Corporation worth $7,286,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of SFNC. Great West Life Assurance Co. Can lifted its holdings in shares of Simmons First National Corporation by 7.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 42,533 shares of the bank’s stock worth $2,341,000 after buying an additional 2,769 shares during the period. First Trust Advisors LP lifted its holdings in shares of Simmons First National Corporation by 23.1% in the 1st quarter. First Trust Advisors LP now owns 89,504 shares of the bank’s stock worth $4,936,000 after buying an additional 16,792 shares during the period. Elkfork Partners LLC lifted its holdings in shares of Simmons First National Corporation by 16.1% in the 1st quarter. Elkfork Partners LLC now owns 2,016 shares of the bank’s stock worth $111,000 after buying an additional 280 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of Simmons First National Corporation by 11.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,089 shares of the bank’s stock worth $336,000 after buying an additional 643 shares during the period. Finally, Comerica Bank lifted its holdings in shares of Simmons First National Corporation by 4.9% in the 1st quarter. Comerica Bank now owns 33,157 shares of the bank’s stock worth $1,802,000 after buying an additional 1,563 shares during the period. Institutional investors and hedge funds own 25.96% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/09/16/king-luther-capital-management-corp-raises-holdings-in-simmons-first-national-corporation-sfnc.html.

Shares of Simmons First National Corporation (NASDAQ:SFNC) opened at 53.95 on Friday. The firm has a 50 day moving average price of $52.63 and a 200 day moving average price of $53.46. Simmons First National Corporation has a one year low of $45.90 and a one year high of $67.00. The stock has a market capitalization of $1.74 billion, a PE ratio of 17.82 and a beta of 1.14.

Simmons First National Corporation (NASDAQ:SFNC) last issued its quarterly earnings data on Wednesday, July 19th. The bank reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.04. Simmons First National Corporation had a return on equity of 8.71% and a net margin of 21.03%. The business had revenue of $112.56 million during the quarter, compared to analysts’ expectations of $110.00 million. Analysts predict that Simmons First National Corporation will post $3.12 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be paid a $0.25 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.85%. Simmons First National Corporation’s payout ratio is presently 33.00%.

Several brokerages have weighed in on SFNC. Zacks Investment Research upgraded Simmons First National Corporation from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Wednesday, July 26th. Raymond James Financial, Inc. upgraded Simmons First National Corporation from an “underperform” rating to a “market perform” rating in a report on Wednesday, July 5th. Stephens upgraded Simmons First National Corporation from an “equal weight” rating to a “buy” rating and upped their target price for the stock from $60.00 to $64.00 in a report on Friday, July 21st. Finally, BidaskClub upgraded Simmons First National Corporation from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Simmons First National Corporation currently has a consensus rating of “Hold” and a consensus target price of $61.25.

In related news, Director Christopher R. Kirkland sold 547 shares of Simmons First National Corporation stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $55.00, for a total value of $30,085.00. Following the completion of the transaction, the director now directly owns 228,399 shares in the company, valued at $12,561,945. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Eugene Hunt sold 1,200 shares of Simmons First National Corporation stock in a transaction on Friday, August 11th. The shares were sold at an average price of $51.62, for a total value of $61,944.00. Following the completion of the transaction, the director now owns 4,030 shares of the company’s stock, valued at $208,028.60. The disclosure for this sale can be found here. Insiders own 4.63% of the company’s stock.

Simmons First National Corporation Profile

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.

Want to see what other hedge funds are holding SFNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Simmons First National Corporation (NASDAQ:SFNC).

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

Receive News & Stock Ratings for Simmons First National Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simmons First National Corporation and related stocks with our FREE daily email newsletter.