Simmons First National Corporation (NASDAQ:SFNC) Director Christopher R. Kirkland sold 160,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $56.77, for a total transaction of $9,083,200.00. Following the sale, the director now directly owns 136,949 shares in the company, valued at $7,774,594.73. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Simmons First National Corporation (NASDAQ:SFNC) opened at $55.45 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.47. Simmons First National Corporation has a twelve month low of $49.75 and a twelve month high of $67.00. The company has a market cap of $2,652.47, a P/E ratio of 17.38 and a beta of 1.14.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.80%. The ex-dividend date is Thursday, December 14th. Simmons First National’s dividend payout ratio (DPR) is presently 31.65%.

A number of hedge funds and other institutional investors have recently bought and sold shares of SFNC. Riverhead Capital Management LLC grew its holdings in Simmons First National by 63.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,131 shares of the bank’s stock worth $113,000 after acquiring an additional 831 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Simmons First National by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 3,182 shares of the bank’s stock worth $168,000 after acquiring an additional 476 shares in the last quarter. Amalgamated Bank grew its holdings in Simmons First National by 3.8% during the 2nd quarter. Amalgamated Bank now owns 4,122 shares of the bank’s stock worth $218,000 after acquiring an additional 151 shares in the last quarter. Aperio Group LLC acquired a new position in Simmons First National during the 2nd quarter worth approximately $234,000. Finally, Ifrah Financial Services Inc. acquired a new position in Simmons First National during the 3rd quarter worth approximately $246,000. Institutional investors own 51.33% of the company’s stock.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Simmons First National from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Piper Jaffray Companies set a $60.00 target price on shares of Simmons First National and gave the stock a “hold” rating in a research note on Thursday, November 16th. Stephens set a $64.00 target price on shares of Simmons First National and gave the stock a “buy” rating in a research note on Tuesday, August 15th. Sandler O’Neill reaffirmed a “hold” rating and set a $62.00 target price on shares of Simmons First National in a research note on Tuesday, October 24th. Finally, BidaskClub downgraded shares of Simmons First National from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $62.40.

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About Simmons First National

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.

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

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