State of Alaska Department of Revenue Increases Position in Simmons First National Corporation (SFNC)

State of Alaska Department of Revenue raised its position in Simmons First National Corporation (NASDAQ:SFNC) by 78.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,887 shares of the bank’s stock after buying an additional 2,597 shares during the period. State of Alaska Department of Revenue’s holdings in Simmons First National Corporation were worth $311,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the company. Patten Group Inc. acquired a new stake in Simmons First National Corporation during the first quarter worth $360,000. Tudor Investment Corp ET AL acquired a new stake in Simmons First National Corporation during the first quarter worth $314,000. State Street Corp raised its stake in Simmons First National Corporation by 34.8% in the first quarter. State Street Corp now owns 993,596 shares of the bank’s stock worth $54,799,000 after buying an additional 256,347 shares during the period. Bank of America Corp DE raised its stake in Simmons First National Corporation by 92.2% in the first quarter. Bank of America Corp DE now owns 138,191 shares of the bank’s stock worth $7,622,000 after buying an additional 66,294 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in Simmons First National Corporation by 5.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 135,417 shares of the bank’s stock worth $7,469,000 after buying an additional 6,981 shares during the period. 52.08% of the stock is owned by institutional investors.

Shares of Simmons First National Corporation (NASDAQ:SFNC) opened at 52.00 on Thursday. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 17.17 and a beta of 1.12. Simmons First National Corporation has a 52-week low of $45.90 and a 52-week high of $67.00. The firm’s 50 day moving average is $53.13 and its 200 day moving average is $54.52.

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, topping the consensus estimate of $0.80 by $0.04. The firm had revenue of $112.56 million during the quarter, compared to analysts’ expectations of $110 million. Simmons First National Corporation had a return on equity of 8.71% and a net margin of 21.03%. Equities analysts expect that Simmons First National Corporation will post $3.16 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This piece of content was posted by BBNS and is the sole property of of BBNS. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be accessed at https://baseballnewssource.com/markets/state-of-alaska-department-of-revenue-buys-2597-shares-of-simmons-first-national-corporation-sfnc-updated-updated/1311938.html.

A number of analysts recently weighed in on the stock. Stephens set a $64.00 price objective on shares of Simmons First National Corporation and gave the stock a “buy” rating in a research note on Tuesday. Zacks Investment Research raised shares of Simmons First National Corporation from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Wednesday, July 26th. Raymond James Financial, Inc. raised shares of Simmons First National Corporation from an “underperform” rating to a “market perform” rating in a research report on Wednesday, July 5th. BidaskClub raised shares of Simmons First National Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Finally, ValuEngine lowered shares of Simmons First National Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Simmons First National Corporation presently has a consensus rating of “Hold” and a consensus price target of $61.75.

In other Simmons First National Corporation news, Director Eugene Hunt sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $51.62, for a total value of $61,944.00. Following the completion of the sale, the director now owns 4,030 shares in the company, valued at $208,028.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Christopher R. Kirkland sold 547 shares of the business’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 sale, the director now owns 228,399 shares of the company’s stock, valued at approximately $12,561,945. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,747 shares of company stock valued at $1,357,029. 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.

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

Receive News & Ratings for Simmons First National Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simmons First National Corporation and related companies with our FREE daily email newsletter.

 


Latest News

Los Angeles Dodgers Move 50 Games Over .500
Los Angeles Dodgers Move 50 Games Over .500
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury
Chicago Cubs Must Survive Without Willson Contreras
Chicago Cubs Must Survive Without Willson Contreras
Cleveland Indians Acquire Jay Bruce From New York Mets
Cleveland Indians Acquire Jay Bruce From New York Mets
Injury to CC Sabathia Adds to Yankees’ Concerns
Injury to CC Sabathia Adds to Yankees’ Concerns


Leave a Reply

 
© 2006-2017 BBNS.