Simmons First National Corporation (NASDAQ:SFNC) insider Vernon Wilson Jr. Bryant sold 22,888 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Simmons First National Corporation (NASDAQ:SFNC) traded up $0.40 during midday trading on Tuesday, reaching $55.30. 584,219 shares of the company’s stock were exchanged, compared to its average volume of 168,338. Simmons First National Corporation has a 52 week low of $49.75 and a 52 week high of $67.00. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.47. The firm has a market cap of $2,530.00, a P/E ratio of 16.57 and a beta of 1.16.
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A number of equities research analysts have weighed in on SFNC shares. Piper Jaffray Companies set a $60.00 price target on shares of Simmons First National Corporation and gave the company a “hold” rating in a report on Thursday, November 16th. Zacks Investment Research downgraded shares of Simmons First National Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Stephens set a $64.00 price target on shares of Simmons First National Corporation and gave the company a “buy” rating in a report on Tuesday, August 15th. Sandler O’Neill reissued a “hold” rating and issued a $62.00 price target on shares of Simmons First National Corporation in a report on Tuesday, October 24th. Finally, BidaskClub downgraded shares of Simmons First National Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $62.40.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Riverhead Capital Management LLC raised its holdings in Simmons First National Corporation by 63.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,131 shares of the bank’s stock worth $113,000 after buying an additional 831 shares during the period. Victory Capital Management Inc. raised its holdings in Simmons First National Corporation by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 3,182 shares of the bank’s stock worth $168,000 after buying an additional 476 shares during the period. Amalgamated Bank raised its holdings in Simmons First National Corporation by 3.8% during the 2nd quarter. Amalgamated Bank now owns 4,122 shares of the bank’s stock worth $218,000 after buying an additional 151 shares during the period. Aperio Group LLC acquired a new stake in Simmons First National Corporation during the 2nd quarter worth about $234,000. Finally, Ifrah Financial Services Inc. acquired a new stake in Simmons First National Corporation during the 3rd quarter worth about $246,000. 51.33% of the stock is owned by institutional investors.
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, Tennessee, Colorado, Oklahoma and Texas.
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