Simmons First National Stock Set to Split on Friday, February 9th (SFNC)
Simmons First National Co. (NASDAQ:SFNC)’s stock is set to split before the market opens on Friday, February 9th. The 2-1 split was announced on Thursday, January 18th. The newly created shares will be payable to shareholders after the market closes on Thursday, February 8th.
Simmons First National (NASDAQ:SFNC) opened at $59.35 on Monday. Simmons First National has a 52-week low of $49.75 and a 52-week high of $61.10. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $2,732.53, a P/E ratio of 21.66 and a beta of 1.16.
Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings data on Monday, January 22nd. The bank reported $0.97 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.07. Simmons First National had a return on equity of 8.28% and a net margin of 17.41%. The company had revenue of $163.55 million during the quarter, compared to analyst estimates of $155.80 million. equities analysts forecast that Simmons First National will post 4.65 earnings per share for the current year.
SFNC has been the subject of a number of analyst reports. Piper Jaffray Companies set a $60.00 price objective on Simmons First National and gave the company a “hold” rating in a research report on Thursday, November 16th. Zacks Investment Research lowered Simmons First National from a “buy” rating to a “sell” rating in a research report on Friday, October 27th. BidaskClub raised Simmons First National from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Finally, Sandler O’Neill raised Simmons First National from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Wednesday, January 24th. One investment 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. The company currently has a consensus rating of “Hold” and an average target price of $63.80.
In other Simmons First National news, Director Russell William Teubner sold 4,334 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $55.69, for a total transaction of $241,360.46. Following the sale, the director now directly owns 705 shares in the company, valued at approximately $39,261.45. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Vernon Wilson Jr. Bryant sold 22,888 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was 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 owns 211,353 shares in the company, valued at $11,596,939.11. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 392,222 shares of company stock worth $22,379,475. Company insiders own 4.63% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in SFNC. Rowland & Co. Investment Counsel ADV purchased a new position in shares of Simmons First National in the 4th quarter worth $107,000. Amalgamated Bank boosted 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 buying an additional 151 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Simmons First National by 28.7% in the 3rd quarter. Victory Capital Management Inc. now owns 4,094 shares of the bank’s stock worth $237,000 after buying an additional 912 shares during the last quarter. Ifrah Financial Services Inc. purchased a new position in shares of Simmons First National in the 3rd quarter worth $246,000. Finally, CIBC Asset Management Inc purchased a new position in shares of Simmons First National in the 4th quarter worth $268,000. Hedge funds and other institutional investors own 51.33% of the company’s stock.
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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.
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