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%.
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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