Simmons First National Co. (NASDAQ:SFNC) EVP Steven C. Wade sold 8,610 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $29.34, for a total value of $252,617.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Simmons First National Co. (NASDAQ:SFNC) traded up $0.40 during trading hours on Friday, hitting $29.05. The company’s stock had a trading volume of 257,038 shares, compared to its average volume of 454,858. The stock has a market capitalization of $2,660.00, a P/E ratio of 23.43 and a beta of 1.16. Simmons First National Co. has a 12-month low of $24.88 and a 12-month high of $30.25. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.73.
Simmons First National (NASDAQ:SFNC) last posted its earnings results on Monday, January 22nd. The bank reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. The firm had revenue of $163.55 million for the quarter, compared to the consensus estimate of $155.80 million. Simmons First National had a return on equity of 8.28% and a net margin of 17.41%. equities analysts forecast that Simmons First National Co. will post 2.3 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Thursday, March 15th will be given a $0.15 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.07%. Simmons First National’s dividend payout ratio (DPR) is presently 40.32%.
Hedge funds have recently modified their holdings of the stock. Rowland & Co. Investment Counsel ADV purchased a new stake in shares of Simmons First National in the fourth quarter worth $107,000. Victory Capital Management Inc. raised its position in shares of Simmons First National by 28.7% in the third quarter. Victory Capital Management Inc. now owns 4,094 shares of the bank’s stock worth $237,000 after buying an additional 912 shares in the last quarter. Xact Kapitalforvaltning AB purchased a new stake in shares of Simmons First National in the fourth quarter worth $242,000. Ifrah Financial Services Inc. purchased a new stake in shares of Simmons First National in the third quarter worth $246,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of Simmons First National in the fourth quarter worth $268,000. Institutional investors own 16.77% of the company’s stock.
Several equities research analysts have issued reports on SFNC shares. Zacks Investment Research downgraded Simmons First National from a “buy” rating to a “sell” rating in a research report on Friday, October 27th. Piper Jaffray Companies set a $30.00 target price on Simmons First National and gave the stock a “hold” rating in a research report on Thursday, November 16th. BidaskClub upgraded Simmons First National from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Finally, Sandler O’Neill set a $31.50 target price on Simmons First National and gave the stock a “hold” rating in a research report on Thursday, January 4th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $31.90.
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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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