Vernon Wilson Jr. Bryant Sells 22,888 Shares of Simmons First National Corporation (SFNC) Stock
Simmons First National Corporation (NASDAQ:SFNC) insider Vernon Wilson Jr. Bryant sold 22,888 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $54.87, for a total value of $1,255,864.56. Following the completion of the transaction, the insider now directly owns 211,353 shares in the company, valued at approximately $11,596,939.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Simmons First National Corporation (NASDAQ SFNC) opened at $56.35 on Thursday. Simmons First National Corporation has a twelve month low of $49.75 and a twelve month high of $67.00. The firm has a market capitalization of $2,542.14, a price-to-earnings ratio of 16.66 and a beta of 1.16. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.47.
SFNC has been the topic of a number of recent analyst reports. Zacks Investment Research raised Simmons First National Corporation from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Wednesday, July 26th. 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. BidaskClub lowered Simmons First National Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Piper Jaffray Companies reaffirmed a “neutral” rating and set a $60.00 price objective on shares of Simmons First National Corporation in a report on Thursday, October 5th. Finally, Sandler O’Neill reaffirmed a “hold” rating and set a $62.00 price objective on shares of Simmons First National Corporation in a report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $62.40.
Institutional investors and hedge funds have recently bought and sold shares of the business. Eaton Vance Management boosted its position in Simmons First National Corporation by 8.5% during the second quarter. Eaton Vance Management now owns 62,197 shares of the bank’s stock worth $3,290,000 after purchasing an additional 4,885 shares in the last quarter. Vanguard Group Inc. boosted its position in Simmons First National Corporation by 5.8% during the first quarter. Vanguard Group Inc. now owns 2,511,310 shares of the bank’s stock worth $138,499,000 after purchasing an additional 138,399 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in Simmons First National Corporation during the second quarter worth $341,000. BlackRock Inc. boosted its position in Simmons First National Corporation by 1.2% during the second quarter. BlackRock Inc. now owns 3,702,665 shares of the bank’s stock worth $195,871,000 after purchasing an additional 42,981 shares in the last quarter. Finally, Mesirow Financial Investment Management Equity Management purchased a new stake in Simmons First National Corporation during the third quarter worth $21,454,000. Institutional investors own 51.33% of the company’s stock.
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, Tennessee, Colorado, Oklahoma and Texas.
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