Simmons First National Corporation (SFNC) Director Sells $9,137,600.00 in Stock

Simmons First National Corporation (NASDAQ:SFNC) Director Christopher R. Kirkland sold 160,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $57.11, for a total transaction of $9,137,600.00. Following the sale, the director now directly owns 76,949 shares in the company, valued at approximately $4,394,557.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of Simmons First National Corporation (NASDAQ SFNC) traded down $1.80 during trading on Wednesday, reaching $55.90. 294,500 shares of the company’s stock traded hands, compared to its average volume of 175,207. 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 stock has a market capitalization of $2,652.47, a PE ratio of 17.38 and a beta of 1.14. Simmons First National Corporation has a twelve month low of $49.75 and a twelve month high of $67.00.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.00 annualized dividend and a yield of 1.79%. Simmons First National’s dividend payout ratio (DPR) is presently 31.65%.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its holdings in Simmons First National by 1.2% in the second quarter. BlackRock Inc. now owns 3,702,665 shares of the bank’s stock worth $195,871,000 after buying an additional 42,981 shares during the last quarter. Vanguard Group Inc. raised its holdings in Simmons First National by 1.4% in the second quarter. Vanguard Group Inc. now owns 2,546,459 shares of the bank’s stock worth $134,707,000 after buying an additional 35,149 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Simmons First National by 10.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,613,273 shares of the bank’s stock worth $93,409,000 after buying an additional 151,194 shares during the last quarter. State Street Corp raised its holdings in shares of Simmons First National by 0.8% during the second quarter. State Street Corp now owns 1,001,720 shares of the bank’s stock valued at $52,992,000 after purchasing an additional 8,124 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its holdings in shares of Simmons First National by 28.3% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 616,809 shares of the bank’s stock valued at $35,713,000 after purchasing an additional 135,871 shares during the last quarter. 51.33% of the stock is owned by institutional investors and hedge funds.

Several research firms recently commented on SFNC. Piper Jaffray Companies set a $60.00 price objective on shares of Simmons First National and gave the stock a “hold” rating in a research note on Thursday, November 16th. Zacks Investment Research cut shares of Simmons First National from a “buy” rating to a “sell” rating in a report on Friday, October 27th. Sandler O’Neill reaffirmed a “hold” rating and issued a $62.00 target price on shares of Simmons First National in a report on Tuesday, October 24th. BidaskClub cut shares of Simmons First National from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Finally, Stephens set a $64.00 target price on shares of Simmons First National and gave the stock a “buy” rating in a report on Tuesday, August 15th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Simmons First National presently has an average rating of “Hold” and an average target price of $62.40.

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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.

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