Schwab Charles Investment Management Inc. grew its position in Simmons First National Corporation (NASDAQ:SFNC) by 3.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 140,336 shares of the bank’s stock after purchasing an additional 4,919 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.44% of Simmons First National Corporation worth $7,424,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Clinton Group Inc. raised its holdings in shares of Simmons First National Corporation by 3.4% in the 1st quarter. Clinton Group Inc. now owns 3,813 shares of the bank’s stock valued at $210,000 after purchasing an additional 126 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of Simmons First National Corporation by 1.3% in the 1st quarter. California Public Employees Retirement System now owns 15,600 shares of the bank’s stock valued at $860,000 after purchasing an additional 200 shares in the last quarter. Texas Permanent School Fund raised its holdings in shares of Simmons First National Corporation by 1.0% in the 2nd quarter. Texas Permanent School Fund now owns 21,772 shares of the bank’s stock valued at $1,152,000 after purchasing an additional 211 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in shares of Simmons First National Corporation by 3.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,030 shares of the bank’s stock valued at $372,000 after purchasing an additional 240 shares in the last quarter. Finally, Arizona State Retirement System raised its holdings in shares of Simmons First National Corporation by 2.0% in the 1st quarter. Arizona State Retirement System now owns 15,556 shares of the bank’s stock valued at $858,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 25.87% of the company’s stock.

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A number of brokerages have recently weighed in on SFNC. Piper Jaffray Companies restated a “neutral” rating and issued a $60.00 price objective on shares of Simmons First National Corporation in a report on Thursday. Zacks Investment Research upgraded shares of Simmons First National Corporation from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Tuesday, October 3rd. BidaskClub lowered shares of Simmons First National Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Stephens set a $64.00 price objective on shares of Simmons First National Corporation and gave the company a “buy” rating in a report on Tuesday, August 15th. Finally, Raymond James Financial, Inc. upgraded shares of Simmons First National Corporation from an “underperform” rating to a “market perform” rating in a research note on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Simmons First National Corporation presently has an average rating of “Hold” and an average target price of $62.40.

Shares of Simmons First National Corporation (NASDAQ SFNC) opened at 58.35 on Friday. Simmons First National Corporation has a 52 week low of $45.90 and a 52 week high of $67.00. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 19.27 and a beta of 1.15. The company’s 50-day moving average is $54.28 and its 200 day moving average is $53.34.

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

The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.00 annualized dividend and a yield of 1.71%. Simmons First National Corporation’s dividend payout ratio is presently 33.00%.

In other Simmons First National Corporation news, Director Christopher R. Kirkland sold 547 shares of the stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $55.00, for a total transaction of $30,085.00. Following the sale, the director now directly owns 228,399 shares of the company’s stock, valued at $12,561,945. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eugene Hunt sold 1,200 shares of the stock in a transaction on Friday, August 11th. The stock was sold at an average price of $51.62, for a total transaction of $61,944.00. Following the sale, the director now directly owns 4,030 shares in the company, valued at $208,028.60. The disclosure for this sale can be found here. Insiders sold 174,802 shares of company stock worth $9,631,084 over the last ninety days. 4.63% of the stock is currently owned by corporate 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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