Simmons First National Corporation (NASDAQ:SFNC) Director Christopher R. Kirkland sold 29,923 shares of Simmons First National Corporation stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $55.05, for a total transaction of $1,647,261.15. Following the completion of the sale, the director now owns 228,276 shares of the company’s stock, valued at approximately $12,566,593.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Simmons First National Corporation (SFNC) traded up 0.73% during trading on Wednesday, hitting $55.55. 121,570 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $52.66 and its 200 day moving average price is $53.33. Simmons First National Corporation has a 12-month low of $45.90 and a 12-month high of $67.00. The stock has a market cap of $1.79 billion, a P/E ratio of 18.35 and a beta of 1.14.

Simmons First National Corporation (NASDAQ:SFNC) last issued its earnings results on Wednesday, July 19th. The bank reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.04. Simmons First National Corporation had a net margin of 21.03% and a return on equity of 8.71%. The business had revenue of $112.56 million for the quarter, compared to the consensus estimate of $110.00 million. Analysts anticipate that Simmons First National Corporation will post $3.12 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Thursday, September 14th. Simmons First National Corporation’s dividend payout ratio is presently 33.00%.

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Several hedge funds have recently modified their holdings of the company. Alps Advisors Inc. raised its stake in shares of Simmons First National Corporation by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 8,371 shares of the bank’s stock valued at $443,000 after acquiring an additional 22 shares during the period. Clinton Group Inc. raised its stake in shares of Simmons First National Corporation by 3.4% in the 1st quarter. Clinton Group Inc. now owns 3,813 shares of the bank’s stock valued at $210,000 after acquiring an additional 126 shares during the period. Amalgamated Bank raised its stake in shares of Simmons First National Corporation by 3.8% in the 2nd quarter. Amalgamated Bank now owns 4,122 shares of the bank’s stock valued at $218,000 after acquiring an additional 151 shares during the period. California Public Employees Retirement System raised its stake in shares of Simmons First National Corporation by 1.3% in the 1st quarter. California Public Employees Retirement System now owns 15,600 shares of the bank’s stock valued at $860,000 after acquiring an additional 200 shares during the period. Finally, Texas Permanent School Fund raised its stake in shares of Simmons First National Corporation by 1.0% in the 2nd quarter. Texas Permanent School Fund now owns 21,772 shares of the bank’s stock valued at $1,152,000 after acquiring an additional 211 shares during the period. 25.87% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Simmons First National Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. BidaskClub upgraded shares of Simmons First National Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 21st. Stephens upgraded shares of Simmons First National Corporation from an “equal weight” rating to a “buy” rating and boosted their price target for the stock from $60.00 to $64.00 in a research note on Friday, July 21st. Raymond James Financial, Inc. upgraded shares of Simmons First National Corporation from an “underperform” rating to a “market perform” rating in a research note on Wednesday, July 5th. Finally, ValuEngine downgraded shares of Simmons First National Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $61.25.

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 and Tennessee.

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

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