BlackRock Inc. Increases Position in Simmons First National Corporation (SFNC)

BlackRock Inc. boosted its stake in shares of Simmons First National Corporation (NASDAQ:SFNC) by 1.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,702,665 shares of the bank’s stock after buying an additional 42,981 shares during the period. BlackRock Inc. owned approximately 11.65% of Simmons First National Corporation worth $195,871,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Alps Advisors Inc. increased its holdings in shares of Simmons First National Corporation by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 8,371 shares of the bank’s stock worth $443,000 after purchasing an additional 22 shares in the last quarter. Clinton Group Inc. boosted its stake in shares of Simmons First National Corporation by 3.4% in the 1st quarter. Clinton Group Inc. now owns 3,813 shares of the bank’s stock worth $210,000 after buying an additional 126 shares during the last quarter. California Public Employees Retirement System boosted its stake 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 buying an additional 200 shares during the last quarter. Texas Permanent School Fund boosted its stake 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 buying an additional 211 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of Simmons First National Corporation by 3.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,030 shares of the bank’s stock worth $372,000 after buying an additional 240 shares during the last quarter. 25.87% of the stock is owned by institutional investors.

In other Simmons First National Corporation news, Director Christopher R. Kirkland sold 50,000 shares of Simmons First National Corporation stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $55.12, for a total value of $2,756,000.00. Following the completion of the sale, the director now directly owns 208,276 shares in the company, valued at $11,480,173.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher R. Kirkland sold 29,923 shares of Simmons First National Corporation stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $55.05, for a total transaction of $1,647,261.15. Following the completion of the sale, the director now owns 228,276 shares of the company’s stock, valued at $12,566,593.80. The disclosure for this sale can be found here. Insiders sold a total of 174,255 shares of company stock worth $9,600,999 in the last ninety days. Corporate insiders own 4.63% of the company’s stock.

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Simmons First National Corporation (NASDAQ SFNC) opened at 59.80 on Thursday. Simmons First National Corporation has a 12 month low of $47.00 and a 12 month high of $67.00. The firm has a market capitalization of $1.93 billion, a P/E ratio of 19.75 and a beta of 1.15. The stock’s 50 day moving average price is $55.81 and its 200-day moving average price is $53.60.

Simmons First National Corporation (NASDAQ:SFNC) last announced its quarterly earnings data on Wednesday, July 19th. The bank reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.04. The company had revenue of $112.56 million for the quarter, compared to analysts’ expectations of $110.00 million. Simmons First National Corporation had a net margin of 21.03% and a return on equity of 8.71%. Equities analysts forecast that Simmons First National Corporation will post $3.14 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.67%. Simmons First National Corporation’s dividend payout ratio is currently 33.00%.

Several equities analysts recently weighed in on the company. Zacks Investment Research downgraded Simmons First National Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. BidaskClub raised Simmons First National Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 21st. Stephens raised Simmons First National Corporation from an “equal weight” rating to a “buy” rating and boosted their price objective for the stock from $60.00 to $64.00 in a research note on Friday, July 21st. Raymond James Financial, Inc. raised Simmons First National Corporation from an “underperform” rating to a “market perform” rating in a research note on Wednesday, July 5th. Finally, Piper Jaffray Companies restated a “neutral” rating and set a $60.00 target price on shares of Simmons First National Corporation in a research report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Simmons First National Corporation currently has a consensus rating of “Hold” and a consensus target price of $62.40.

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)

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