Geode Capital Management LLC increased its position in shares of Simmons First National Corporation (NASDAQ:SFNC) by 8.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 255,312 shares of the bank’s stock after buying an additional 20,906 shares during the period. Geode Capital Management LLC owned 0.81% of Simmons First National Corporation worth $14,080,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of SFNC. Simmons Bank raised its stake in Simmons First National Corporation by 81.4% in the first quarter. Simmons Bank now owns 1,739,099 shares of the bank’s stock worth $95,912,000 after buying an additional 780,216 shares during the period. Thrivent Financial For Lutherans raised its stake in Simmons First National Corporation by 1,333.0% in the first quarter. Thrivent Financial For Lutherans now owns 229,561 shares of the bank’s stock worth $12,660,000 after buying an additional 213,541 shares during the period. Vanguard Group Inc. raised its stake in Simmons First National Corporation by 5.8% in the first quarter. Vanguard Group Inc. now owns 2,511,310 shares of the bank’s stock worth $138,499,000 after buying an additional 138,399 shares during the period. Norges Bank bought a new stake in Simmons First National Corporation during the fourth quarter worth about $8,408,000. Finally, Leucadia National Corp bought a new stake in Simmons First National Corporation during the first quarter worth about $1,820,000. Institutional investors and hedge funds own 50.44% of the company’s stock.
Shares of Simmons First National Corporation (NASDAQ:SFNC) opened at 53.60 on Friday. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 17.52 and a beta of 1.12. Simmons First National Corporation has a 1-year low of $45.01 and a 1-year high of $67.00. The stock has a 50 day moving average price of $52.46 and a 200-day moving average price of $55.53.
Simmons First National Corporation (NASDAQ:SFNC) last posted its earnings results on Wednesday, July 19th. The bank reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.04. Simmons First National Corporation had a return on equity of 8.71% and a net margin of 21.03%. The company had revenue of $112.56 million for the quarter, compared to analyst estimates of $110 million. On average, equities research analysts expect that Simmons First National Corporation will post $3.28 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Thursday, June 15th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, June 13th. This represents a $1.00 annualized dividend and a yield of 1.87%. Simmons First National Corporation’s dividend payout ratio (DPR) is currently 33.00%.
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SFNC has been the subject of a number of recent research reports. Zacks Investment Research lowered Simmons First National Corporation from a “buy” rating to a “sell” rating in a research note on Wednesday, April 26th. BidaskClub upgraded Simmons First National Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 21st. Sandler O’Neill upgraded Simmons First National Corporation from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research note on Friday, April 21st. Keefe, Bruyette & Woods set a $67.00 target price on Simmons First National Corporation and gave the company a “hold” rating in a research note on Monday, April 10th. Finally, ValuEngine lowered 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, four have assigned a hold rating and two have given a buy rating to the company. Simmons First National Corporation currently has an average rating of “Hold” and a consensus price target of $61.25.
In other news, Director Christopher R. Kirkland sold 5,990 shares of Simmons First National Corporation stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $55.00, for a total value of $329,450.00. Following the transaction, the director now directly owns 239,364 shares in the company, valued at $13,165,020. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Makris, Jr. acquired 2,000 shares of the company’s stock in a transaction dated Friday, May 12th. The stock was acquired at an average price of $52.00 per share, for a total transaction of $104,000.00. Following the completion of the purchase, the chief executive officer now directly owns 102,883 shares of the company’s stock, valued at approximately $5,349,916. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 4,500 shares of company stock worth $239,250 and have sold 29,286 shares worth $1,610,730. 4.63% of the stock is owned by company insiders.
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.
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