Simmons First National Co. (NASDAQ:SFNC) announced a quarterly dividend on Thursday, November 30th, Wall Street Journal reports. Shareholders of record on Friday, December 15th will be given a dividend of 0.25 per share by the bank on Tuesday, January 2nd. This represents a $1.00 annualized dividend and a yield of 1.81%. The ex-dividend date is Thursday, December 14th.
Simmons First National (NASDAQ SFNC) traded up $0.55 during midday trading on Wednesday, reaching $55.15. 515,700 shares of the company’s stock traded hands, compared to its average volume of 177,526. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.47. Simmons First National has a twelve month low of $49.75 and a twelve month high of $65.50. The stock has a market capitalization of $2,509.96, a price-to-earnings ratio of 16.45 and a beta of 1.14.
In other Simmons First National news, insider Vernon Wilson Jr. Bryant sold 22,888 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $54.87, for a total value of $1,255,864.56. Following the completion of the sale, the insider now directly owns 211,353 shares in the company, valued at $11,596,939.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Barry K. Ledbetter sold 1,900 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $57.37, for a total transaction of $109,003.00. The disclosure for this sale can be found here. Insiders sold 522,177 shares of company stock valued at $29,366,083 over the last 90 days. 4.63% of the stock is currently owned by company insiders.
Several analysts have issued reports on SFNC shares. Zacks Investment Research upgraded shares of Simmons First National from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Thursday, August 31st. BidaskClub lowered shares of Simmons First National from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Piper Jaffray Companies reiterated a “neutral” rating and set a $60.00 target price on shares of Simmons First National in a report on Thursday, October 5th. Sandler O’Neill reiterated a “hold” rating and set a $62.00 target price on shares of Simmons First National in a report on Tuesday, October 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 investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $62.40.
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Simmons First National Company Profile
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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