Lathrop Investment Management Corp Sells 1,498 Shares of Simmons First National Co. (SFNC)
Lathrop Investment Management Corp reduced its position in Simmons First National Co. (NASDAQ:SFNC) by 21.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,588 shares of the bank’s stock after selling 1,498 shares during the quarter. Lathrop Investment Management Corp’s holdings in Simmons First National were worth $319,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of SFNC. Amalgamated Bank increased its stake in shares of Simmons First National by 3.8% in the 2nd 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. Victory Capital Management Inc. increased its stake in shares of Simmons First National by 17.6% in 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 during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Simmons First National by 2.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,349 shares of the bank’s stock worth $1,235,000 after acquiring an additional 588 shares during the last quarter. California Public Employees Retirement System increased its stake in shares of Simmons First National by 5.1% in the 2nd quarter. California Public Employees Retirement System now owns 16,400 shares of the bank’s stock worth $868,000 after acquiring an additional 800 shares during the last quarter. Finally, Riverhead Capital Management LLC increased its stake in shares of Simmons First National by 63.9% in 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 during the last quarter. 51.33% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Christopher R. Kirkland sold 160,000 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $57.11, for a total transaction of $9,137,600.00. Following the completion of the transaction, the director now directly owns 76,949 shares in the company, valued at approximately $4,394,557.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vernon Wilson Jr. Bryant sold 22,888 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 211,353 shares of the company’s stock, valued at $11,596,939.11. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 349,122 shares of company stock valued at $19,827,028. Company insiders own 4.63% of the company’s stock.
Simmons First National Co. (NASDAQ SFNC) opened at $59.35 on Friday. The firm has a market capitalization of $2,700.00, a price-to-earnings ratio of 18.78 and a beta of 1.14. 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 Co. has a twelve month low of $49.75 and a twelve month high of $61.95.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Thursday, December 14th. Simmons First National’s dividend payout ratio is presently 31.65%.
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Simmons First National 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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