Simmons First National Corporation (NASDAQ:SFNC) EVP Barry K. Ledbetter sold 1,900 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $57.37, for a total transaction of $109,003.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of Simmons First National Corporation (NASDAQ SFNC) traded up $0.45 during trading on Friday, hitting $57.80. 226,707 shares of the company’s stock were exchanged, compared to its average volume of 277,258. The firm has a market cap of $1,856.34, a price-to-earnings ratio of 17.40 and a beta of 1.16. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.47.

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SFNC has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Simmons First National Corporation from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Tuesday, August 22nd. BidaskClub downgraded shares of Simmons First National Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Piper Jaffray Companies restated a “neutral” rating and set a $60.00 target price on shares of Simmons First National Corporation in a research report on Thursday, October 5th. Stephens set a $64.00 price objective on shares of Simmons First National Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Finally, Sandler O’Neill reiterated a “hold” rating and issued a $62.00 price objective on shares of Simmons First National Corporation in a research report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Simmons First National Corporation has a consensus rating of “Hold” and a consensus price target of $62.40.

Several hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its stake in shares of Simmons First National Corporation by 97.0% during the third quarter. BNP Paribas Arbitrage SA now owns 18,484 shares of the bank’s stock worth $1,070,000 after purchasing an additional 9,100 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Simmons First National Corporation by 4.4% during the third quarter. Principal Financial Group Inc. now owns 260,001 shares of the bank’s stock worth $15,054,000 after purchasing an additional 10,864 shares in the last quarter. IndexIQ Advisors LLC increased its stake in shares of Simmons First National Corporation by 82.8% during the third quarter. IndexIQ Advisors LLC now owns 15,715 shares of the bank’s stock worth $910,000 after purchasing an additional 7,120 shares in the last quarter. Mesirow Financial Investment Management Equity Management purchased a new stake in shares of Simmons First National Corporation during the third quarter worth about $21,454,000. Finally, Victory Capital Management Inc. increased its stake in shares of Simmons First National Corporation by 28.7% during the third quarter. Victory Capital Management Inc. now owns 4,094 shares of the bank’s stock worth $237,000 after purchasing an additional 912 shares in the last quarter. 52.10% of the stock is owned by institutional investors and hedge funds.

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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