Simmons First National Corporation (SFNC) Director Sells $241,360.46 in Stock
Simmons First National Corporation (NASDAQ:SFNC) Director Russell William Teubner sold 4,334 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $55.69, for a total value of $241,360.46. Following the completion of the transaction, the director now owns 705 shares in the company, valued at approximately $39,261.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of Simmons First National Corporation (NASDAQ SFNC) traded down $0.45 during trading on Thursday, reaching $55.35. The company had a trading volume of 185,800 shares, compared to its average volume of 165,295. Simmons First National Corporation has a 52-week low of $49.75 and a 52-week high of $67.00. The stock has a market capitalization of $2,565.13, a P/E ratio of 16.81 and a beta of 1.16. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.90 and a current ratio of 0.90.
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Several equities analysts have recently weighed in on SFNC shares. Zacks Investment Research downgraded Simmons First National Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, September 30th. Piper Jaffray Companies reiterated a “neutral” rating and set a $60.00 price objective on shares of Simmons First National Corporation in a research report on Thursday, October 5th. BidaskClub downgraded Simmons First National Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Sandler O’Neill reiterated a “hold” rating and set a $62.00 price objective on shares of Simmons First National Corporation in a research report on Tuesday, October 24th. Finally, Stephens upgraded Simmons First National Corporation from an “equal weight” rating to a “buy” rating and lifted their price objective for the stock from $60.00 to $64.00 in a research report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Simmons First National Corporation currently has an average rating of “Hold” and an average price target of $62.40.
Hedge funds have recently bought and sold shares of the business. Riverhead Capital Management LLC increased its stake in Simmons First National Corporation by 63.9% during the second quarter. Riverhead Capital Management LLC now owns 2,131 shares of the bank’s stock worth $113,000 after acquiring an additional 831 shares during the last quarter. Victory Capital Management Inc. increased its stake in Simmons First National Corporation by 17.6% during the second quarter. Victory Capital Management Inc. now owns 3,182 shares of the bank’s stock worth $168,000 after acquiring an additional 476 shares during the last quarter. Amalgamated Bank increased its stake in Simmons First National Corporation by 3.8% during the second quarter. Amalgamated Bank now owns 4,122 shares of the bank’s stock worth $218,000 after acquiring an additional 151 shares during the last quarter. Ifrah Financial Services Inc. acquired a new stake in Simmons First National Corporation during the third quarter worth $246,000. Finally, Aperio Group LLC acquired a new stake in Simmons First National Corporation during the second quarter worth $234,000. 51.33% of the stock is owned by institutional investors.
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, Tennessee, Colorado, Oklahoma and Texas.
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