Rhumbline Advisers Raises Position in Simmons First National Corporation (NASDAQ:SFNC)

Rhumbline Advisers raised its holdings in Simmons First National Corporation (NASDAQ:SFNC) by 1.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 62,933 shares of the bank’s stock after purchasing an additional 929 shares during the quarter. Rhumbline Advisers owned 0.20% of Simmons First National Corporation worth $3,329,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SFNC. State of Alaska Department of Revenue raised its position in Simmons First National Corporation by 2.2% during the 1st quarter. State of Alaska Department of Revenue now owns 3,290 shares of the bank’s stock worth $181,000 after purchasing an additional 70 shares during the last quarter. Clinton Group Inc. raised its position in 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 last quarter. Louisiana State Employees Retirement System raised its position in Simmons First National Corporation by 1.7% during the 1st quarter. Louisiana State Employees Retirement System now owns 12,100 shares of the bank’s stock worth $667,000 after purchasing an additional 200 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Simmons First National Corporation by 1.3% in the 1st quarter. California Public Employees Retirement System now owns 15,600 shares of the bank’s stock worth $860,000 after acquiring an additional 200 shares in the last quarter. Finally, Texas Permanent School Fund raised its position in shares of Simmons First National Corporation by 1.0% in the 2nd quarter. Texas Permanent School Fund now owns 21,772 shares of the bank’s stock worth $1,152,000 after acquiring an additional 211 shares in the last quarter. 25.87% of the stock is currently owned by hedge funds and other institutional investors.

SFNC has been the subject of several research analyst reports. ValuEngine lowered Simmons First National Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research raised Simmons First National Corporation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 21st. BidaskClub raised Simmons First National Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 21st. Stephens upgraded Simmons First National Corporation from an “equal weight” rating to a “buy” rating and raised their target price for the company from $60.00 to $64.00 in a research note on Friday, July 21st. Finally, Raymond James Financial, Inc. upgraded Simmons First National Corporation from an “underperform” rating to a “market perform” rating in a research note on Wednesday, July 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $61.25.

In other news, Director Christopher R. Kirkland sold 10,000 shares of the stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $55.00, for a total transaction of $550,000.00. Following the sale, the director now owns 208,276 shares in the company, valued at $11,455,180. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Eugene Hunt sold 1,200 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $51.62, for a total transaction of $61,944.00. Following the sale, the director now owns 4,030 shares in the company, valued at approximately $208,028.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 91,793 shares of company stock worth $5,052,055. Corporate insiders own 4.63% of the company’s stock.

Simmons First National Corporation (NASDAQ:SFNC) traded down 0.63% during trading on Friday, reaching $54.80. The company’s stock had a trading volume of 129,533 shares. Simmons First National Corporation has a one year low of $45.90 and a one year high of $67.00. The company has a 50-day moving average of $52.66 and a 200 day moving average of $53.33. The firm has a market cap of $1.77 billion, a PE ratio of 18.10 and a beta of 1.14.

Simmons First National Corporation (NASDAQ:SFNC) last announced its earnings results on Wednesday, July 19th. The bank reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.04. Simmons First National Corporation had a net margin of 21.03% and a return on equity of 8.71%. The business had revenue of $112.56 million during the quarter, compared to the consensus estimate of $110.00 million. Analysts expect that Simmons First National Corporation will post $3.12 EPS 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Thursday, September 14th. Simmons First National Corporation’s payout ratio is 33.00%.

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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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