Simmons First National Corporation (NASDAQ:SFNC) Director Christopher R. Kirkland sold 50,000 shares of the stock in a transaction on Monday, September 25th. The stock was sold at an average price of $55.00, for a total value of $2,750,000.00. Following the completion of the sale, the director now owns 188,276 shares in the company, valued at approximately $10,355,180. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Simmons First National Corporation (SFNC) opened at 57.55 on Thursday. Simmons First National Corporation has a 52-week low of $45.90 and a 52-week high of $67.00. The firm’s 50-day moving average price is $52.66 and its 200-day moving average price is $53.33. The stock has a market cap of $1.85 billion, a P/E ratio of 19.01 and a beta of 1.14.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Thursday, September 14th. Simmons First National Corporation’s dividend payout ratio (DPR) is presently 33.00%.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in SFNC. Riverhead Capital Management LLC boosted its holdings in shares of Simmons First National Corporation by 63.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,131 shares of the bank’s stock valued at $113,000 after purchasing an additional 831 shares during the last quarter. Meadow Creek Investment Management LLC boosted its holdings in shares of Simmons First National Corporation by 16.1% during the 1st quarter. Meadow Creek Investment Management LLC now owns 2,448 shares of the bank’s stock valued at $135,000 after purchasing an additional 340 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Simmons First National Corporation during the 1st quarter valued at about $140,000. Victory Capital Management Inc. boosted its holdings in shares of Simmons First National Corporation by 23.8% during the 1st quarter. Victory Capital Management Inc. now owns 2,706 shares of the bank’s stock valued at $149,000 after purchasing an additional 521 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Simmons First National Corporation by 24.6% during the 1st quarter. SG Americas Securities LLC now owns 3,598 shares of the bank’s stock valued at $198,000 after purchasing an additional 710 shares during the last quarter. 25.87% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently issued reports on SFNC shares. Zacks Investment Research upgraded Simmons First National Corporation from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Wednesday, July 26th. BidaskClub upgraded Simmons First National Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 21st. ValuEngine downgraded Simmons First National Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Stephens upgraded Simmons First National Corporation from an “equal weight” rating to a “buy” rating and increased their price objective for the stock from $60.00 to $64.00 in a research report on Friday, July 21st. Finally, Raymond James Financial, Inc. upgraded Simmons First National Corporation from an “underperform” rating to a “market perform” rating in a research report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $61.25.

Simmons First National Corporation Company 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.

Insider Buying and Selling by Quarter for Simmons First National Corporation (NASDAQ:SFNC)

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