Simmons First National Corporation (NASDAQ:SFNC) Position Lifted by Systematic Financial Management LP

Systematic Financial Management LP raised its position in Simmons First National Corporation (NASDAQ:SFNC) by 11.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 33,595 shares of the bank’s stock after buying an additional 3,475 shares during the quarter. Systematic Financial Management LP owned about 0.11% of Simmons First National Corporation worth $1,777,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Alps Advisors Inc. grew its stake in shares of Simmons First National Corporation by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 8,371 shares of the bank’s stock worth $443,000 after purchasing an additional 22 shares during the period. Clinton Group Inc. grew its stake in shares of Simmons First National Corporation by 3.4% during the 1st quarter. Clinton Group Inc. now owns 3,813 shares of the bank’s stock worth $210,000 after purchasing an additional 126 shares during the period. California Public Employees Retirement System grew its stake in shares of Simmons First National Corporation by 1.3% during the 1st quarter. California Public Employees Retirement System now owns 15,600 shares of the bank’s stock worth $860,000 after purchasing an additional 200 shares during the period. Texas Permanent School Fund grew its stake in shares of Simmons First National Corporation by 1.0% during the 2nd quarter. Texas Permanent School Fund now owns 21,772 shares of the bank’s stock worth $1,152,000 after purchasing an additional 211 shares during the period. Finally, Municipal Employees Retirement System of Michigan grew its stake in shares of Simmons First National Corporation by 3.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,030 shares of the bank’s stock worth $372,000 after purchasing an additional 240 shares during the period. 25.87% of the stock is currently owned by institutional investors.

Shares of Simmons First National Corporation (NASDAQ SFNC) opened at 55.15 on Friday. The company’s 50-day moving average is $52.66 and its 200-day moving average is $53.33. The firm has a market cap of $1.78 billion, a P/E ratio of 18.21 and a beta of 1.14. Simmons First National Corporation has a 52-week low of $45.90 and a 52-week high of $67.00.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.80%. Simmons First National Corporation’s dividend payout ratio is 33.00%.

In related news, Director Christopher R. Kirkland sold 29,923 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $55.05, for a total value of $1,647,261.15. Following the transaction, the director now directly owns 228,276 shares of the company’s stock, valued at approximately $12,566,593.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher R. Kirkland sold 547 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $55.00, for a total value of $30,085.00. Following the completion of the transaction, the director now directly owns 228,399 shares in the company, valued at $12,561,945. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,793 shares of company stock valued at $1,746,055. 4.63% of the stock is owned by corporate insiders.

A number of research firms have recently weighed in on SFNC. Zacks Investment Research raised shares of Simmons First National Corporation from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Tuesday, August 22nd. Stephens set a $64.00 price target on shares of Simmons First National Corporation and gave the stock a “buy” rating in a research note on Tuesday, August 15th. BidaskClub upgraded shares of Simmons First National Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Raymond James Financial, Inc. upgraded shares of Simmons First National Corporation from an “underperform” rating to a “market perform” rating in a report on Wednesday, July 5th. Finally, ValuEngine lowered shares of Simmons First National Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $61.25.

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Simmons First National Corporation 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 and Tennessee.

Institutional Ownership by Quarter for Simmons First National Corporation (NASDAQ:SFNC)

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