Wells Fargo & Company MN boosted its holdings in Simmons First National Co. (NASDAQ:SFNC) by 51.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,206 shares of the bank’s stock after buying an additional 12,023 shares during the period. Wells Fargo & Company MN owned approximately 0.11% of Simmons First National worth $2,038,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Riverhead Capital Management LLC grew its stake in Simmons First National by 63.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,131 shares of the bank’s stock valued at $113,000 after buying an additional 831 shares in the last quarter. Victory Capital Management Inc. grew its stake in Simmons First National by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,182 shares of the bank’s stock valued at $168,000 after buying an additional 476 shares in the last quarter. Amalgamated Bank grew its stake in Simmons First National by 3.8% in the 2nd quarter. Amalgamated Bank now owns 4,122 shares of the bank’s stock valued at $218,000 after buying an additional 151 shares in the last quarter. Ifrah Financial Services Inc. bought a new position in Simmons First National in the 3rd quarter valued at $246,000. Finally, SG Americas Securities LLC bought a new position in Simmons First National in the 3rd quarter valued at $278,000. Institutional investors and hedge funds own 51.33% of the company’s stock.
In other news, insider Vernon Wilson Jr. Bryant sold 22,888 shares of Simmons First National stock in a transaction on Monday, November 20th. The shares were sold at an average price of $54.87, for a total transaction of $1,255,864.56. Following the completion of the sale, the insider now directly owns 211,353 shares of the company’s stock, valued at approximately $11,596,939.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christopher R. Kirkland sold 160,000 shares of Simmons First National stock in a transaction on Friday, December 1st. The stock was sold at an average price of $56.77, for a total transaction of $9,083,200.00. Following the sale, the director now directly owns 136,949 shares of the company’s stock, valued at $7,774,594.73. The disclosure for this sale can be found here. Insiders have sold a total of 349,122 shares of company stock valued at $19,827,028 over the last ninety days. 4.63% of the stock is currently owned by insiders.
Simmons First National Co. (SFNC) opened at $58.35 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.47. Simmons First National Co. has a fifty-two week low of $49.75 and a fifty-two week high of $61.95. The company has a market cap of $2,735.22, a price-to-earnings ratio of 18.47 and a beta of 1.15.
Simmons First National (NASDAQ:SFNC) last announced its quarterly earnings results on Sunday, October 22nd. The bank reported $0.86 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.01). Simmons First National had a net margin of 21.58% and a return on equity of 8.79%. equities research analysts anticipate that Simmons First National Co. will post 3.31 earnings per share for the current year.
The business also recently disclosed 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 1.71%. The ex-dividend date of this dividend was Thursday, December 14th. Simmons First National’s dividend payout ratio is currently 31.65%.
Several brokerages have commented on SFNC. Zacks Investment Research raised shares of Simmons First National from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a report on Saturday. BidaskClub raised shares of Simmons First National from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Sandler O’Neill set a $63.00 price target on shares of Simmons First National and gave the company a “hold” rating in a report on Thursday, January 4th. Finally, Piper Jaffray Companies set a $60.00 price target on shares of Simmons First National and gave the company a “hold” rating in a report on Thursday, November 16th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $62.80.
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Simmons First National Company 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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