Simmons First National Co. (NASDAQ:SFNC - Get Free Report) EVP George A. Makris III sold 15,625 shares of Simmons First National stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $17.23, for a total value of $269,218.75. Following the completion of the transaction, the executive vice president now owns 39,707 shares in the company, valued at $684,151.61. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Simmons First National Trading Up 1.4 %
Shares of NASDAQ:SFNC opened at $17.33 on Thursday. The stock's 50-day moving average is $18.66 and its 200-day moving average is $18.02. Simmons First National Co. has a 52-week low of $13.36 and a 52-week high of $20.82. The company has a market cap of $2.17 billion, a P/E ratio of 13.03 and a beta of 0.90. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.77 and a current ratio of 0.77.
Simmons First National (NASDAQ:SFNC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The bank reported $0.32 earnings per share for the quarter, meeting analysts' consensus estimates of $0.32. The firm had revenue of $195.10 million during the quarter, compared to the consensus estimate of $202.35 million. Simmons First National had a net margin of 11.97% and a return on equity of 5.94%. The business's revenue was down 12.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 EPS. Equities research analysts predict that Simmons First National Co. will post 1.33 earnings per share for the current year.
Simmons First National Announces Dividend
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The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a $0.21 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.85%. Simmons First National's dividend payout ratio is currently 63.16%.
Analyst Ratings Changes
Several research analysts have commented on the stock. Stephens decreased their target price on shares of Simmons First National from $22.00 to $21.00 and set an "equal weight" rating for the company in a report on Thursday, April 25th. StockNews.com downgraded Simmons First National from a "hold" rating to a "sell" rating in a report on Friday, February 2nd. Keefe, Bruyette & Woods decreased their target price on shares of Simmons First National from $21.00 to $20.00 and set a "market perform" rating for the company in a research report on Thursday, April 25th. Finally, Robert W. Baird raised their price target on shares of Simmons First National from $20.00 to $22.00 and gave the company a "neutral" rating in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat.com, Simmons First National presently has an average rating of "Hold" and a consensus target price of $21.00.
View Our Latest Research Report on SFNC
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. BNP Paribas Financial Markets lifted its holdings in shares of Simmons First National by 90.0% during the 1st quarter. BNP Paribas Financial Markets now owns 66,037 shares of the bank's stock worth $1,285,000 after acquiring an additional 31,284 shares during the period. Denali Advisors LLC bought a new position in shares of Simmons First National during the 1st quarter worth approximately $3,577,000. Hennion & Walsh Asset Management Inc. bought a new position in shares of Simmons First National during the 1st quarter worth approximately $227,000. B. Riley Wealth Advisors Inc. boosted its stake in Simmons First National by 48.6% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 31,547 shares of the bank's stock valued at $631,000 after buying an additional 10,312 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in Simmons First National by 0.5% in the fourth quarter. Fisher Asset Management LLC now owns 532,415 shares of the bank's stock valued at $10,563,000 after acquiring an additional 2,415 shares during the period. 27.58% of the stock is currently owned by institutional investors and hedge funds.
About Simmons First National
(
Get Free Report)
Simmons First National Corporation operates as the holding company for Simmons Bank that provides banking and other financial products and services to individuals and businesses. The company offers checking, savings, and time deposits; consumer, real estate, and commercial loans; agricultural finance, equipment, and small business administration lending; trust and fiduciary services; credit cards; investment management products; treasury management; insurance products; and securities and investment services.
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