Foundation Resource Management Inc. Reduces Position in Simmons First National Co. (NASDAQ:SFNC)

Foundation Resource Management Inc. reduced its position in shares of Simmons First National Co. (NASDAQ:SFNC) by 81.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,200 shares of the bank’s stock after selling 32,500 shares during the period. Foundation Resource Management Inc.’s holdings in Simmons First National were worth $411,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. lifted its stake in Simmons First National by 3.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 140,336 shares of the bank’s stock valued at $7,424,000 after buying an additional 4,919 shares during the period. Legal & General Group Plc lifted its stake in Simmons First National by 9.1% in the second quarter. Legal & General Group Plc now owns 57,735 shares of the bank’s stock valued at $3,055,000 after buying an additional 4,795 shares during the period. Comerica Bank lifted its stake in Simmons First National by 0.9% in the second quarter. Comerica Bank now owns 33,464 shares of the bank’s stock valued at $1,800,000 after buying an additional 307 shares during the period. BNP Paribas Arbitrage SA lifted its stake in Simmons First National by 54.1% in the second quarter. BNP Paribas Arbitrage SA now owns 9,384 shares of the bank’s stock valued at $496,000 after buying an additional 3,295 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of Simmons First National by 17.6% during the second quarter. Victory Capital Management Inc. now owns 3,182 shares of the bank’s stock worth $168,000 after purchasing an additional 476 shares during the period. Institutional investors own 51.33% of the company’s stock.

SFNC has been the topic of a number of research reports. Zacks Investment Research lowered Simmons First National from a “buy” rating to a “hold” rating in a research report on Saturday, September 30th. Piper Jaffray Companies reaffirmed a “neutral” rating and set a $60.00 target price on shares of Simmons First National in a research report on Thursday, October 5th. Sandler O’Neill reissued a “hold” rating and issued a $62.00 price target on shares of Simmons First National in a research report on Tuesday, October 24th. Finally, BidaskClub raised Simmons First National from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Simmons First National currently has a consensus rating of “Hold” and an average target price of $62.80.

In related news, EVP Barry K. Ledbetter sold 1,900 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $57.37, for a total transaction of $109,003.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Vernon Wilson Jr. Bryant sold 22,888 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $54.87, for a total value of $1,255,864.56. Following the transaction, the insider now owns 211,353 shares in the company, valued at $11,596,939.11. The disclosure for this sale can be found here. In the last ninety days, insiders sold 349,122 shares of company stock worth $19,827,028. Insiders own 4.63% of the company’s stock.

Simmons First National Co. (SFNC) traded down $1.15 during mid-day trading on Wednesday, hitting $58.35. The stock had a trading volume of 189,400 shares, compared to its average volume of 227,880. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $2,735.22, a P/E ratio of 18.47 and a beta of 1.15. Simmons First National Co. has a 12 month low of $49.75 and a 12 month high of $61.95.

Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings results on Sunday, October 22nd. The bank reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.01). Simmons First National had a return on equity of 8.79% and a net margin of 21.58%. analysts predict that Simmons First National Co. will post 3.31 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th were issued a $0.25 dividend. The ex-dividend date was Thursday, December 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.71%. Simmons First National’s payout ratio is currently 31.65%.

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About Simmons First National

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.

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

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