Simmons First National Co. (SFNC) CEO George Makris, Jr. Purchases 2,500 Shares

Simmons First National Co. (NASDAQ:SFNC) CEO George Makris, Jr. purchased 2,500 shares of the firm’s stock in a transaction on Thursday, January 25th. The shares were acquired at an average price of $58.10 per share, with a total value of $145,250.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Simmons First National Co. (NASDAQ:SFNC) traded up $0.15 on Monday, reaching $59.25. 207,106 shares of the company’s stock were exchanged, compared to its average volume of 228,658. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.73. The stock has a market cap of $2,721.02, a P/E ratio of 21.72 and a beta of 1.15. Simmons First National Co. has a 1 year low of $49.75 and a 1 year high of $61.65.

Simmons First National’s stock is going to split on Friday, February 9th. The 2-1 split was announced on Thursday, January 18th. The newly minted shares will be issued to shareholders after the closing bell on Thursday, February 8th.

Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings data on Monday, January 22nd. The bank reported $0.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.07. The firm had revenue of $163.55 million for the quarter, compared to the consensus estimate of $155.80 million. Simmons First National had a net margin of 17.41% and a return on equity of 8.28%. sell-side analysts forecast that Simmons First National Co. will post 4.48 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Thursday, March 15th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Wednesday, March 14th. Simmons First National’s dividend payout ratio is 36.50%.

A number of analysts have commented on SFNC shares. Zacks Investment Research lowered shares of Simmons First National from a “buy” rating to a “sell” rating in a research note on Friday, October 27th. Piper Jaffray Companies set a $60.00 price objective on shares of Simmons First National and gave the stock a “hold” rating in a report on Thursday, November 16th. Sandler O’Neill reaffirmed a “hold” rating and set a $62.00 price objective on shares of Simmons First National in a report on Tuesday, October 24th. Finally, BidaskClub raised shares of Simmons First National from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $63.80.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Mesirow Financial Investment Management Equity Management purchased a new position in shares of Simmons First National in the 3rd quarter worth about $21,454,000. Dimensional Fund Advisors LP boosted its holdings in shares of Simmons First National by 11.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,462,079 shares of the bank’s stock worth $77,346,000 after buying an additional 155,118 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Simmons First National by 28.3% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 616,809 shares of the bank’s stock worth $35,713,000 after buying an additional 135,871 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of Simmons First National by 21.9% in the 2nd quarter. Voya Investment Management LLC now owns 403,015 shares of the bank’s stock worth $21,320,000 after buying an additional 72,530 shares during the last quarter. Finally, Maltese Capital Management LLC purchased a new position in shares of Simmons First National in the 3rd quarter worth about $3,642,000. 51.33% of the stock is currently owned by hedge funds and other institutional investors.

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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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