Shares of Simmons First National Corp. (NASDAQ:SFNC) saw unusually-high trading volume on Tuesday . Approximately 89,077 shares traded hands during trading, an increase of 16% from the previous session’s volume of 76,585 shares.The stock last traded at $48.54 and had previously closed at $47.50.

SFNC has been the subject of several recent analyst reports. Sandler O’Neill downgraded Simmons First National Corp. from a “buy” rating to a “hold” rating and set a $50.00 price target for the company. in a research note on Friday, April 22nd. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $53.00 price target (down previously from $54.00) on shares of Simmons First National Corp. in a research note on Wednesday, June 8th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Simmons First National Corp. presently has a consensus rating of “Hold” and an average target price of $52.25.

The firm has a market capitalization of $1.47 billion and a PE ratio of 16.50. The firm’s 50 day moving average is $46.53 and its 200 day moving average is $45.33.

Simmons First National Corp. (NASDAQ:SFNC) last posted its earnings results on Thursday, April 21st. The company reported $0.76 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by $0.03. Analysts forecast that Simmons First National Corp. will post $3.34 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Wednesday, June 15th were issued a dividend of $0.24 per share. The ex-dividend date was Monday, June 13th. This represents a $0.96 annualized dividend and a yield of 2.02%.

In other Simmons First National Corp. news, CFO Robert A. Fehlman sold 2,503 shares of Simmons First National Corp. stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $46.40, for a total value of $116,139.20. Following the sale, the chief financial officer now owns 29,023 shares of the company’s stock, valued at approximately $1,346,667.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Several hedge funds have recently added to or reduced their stakes in SFNC. Principal Financial Group Inc. increased its stake in Simmons First National Corp. by 8.4% in the fourth quarter. Principal Financial Group Inc. now owns 191,827 shares of the company’s stock valued at $9,852,000 after buying an additional 14,787 shares in the last quarter. Foresters Investment Management Company Inc. increased its stake in Simmons First National Corp. by 2.1% in the fourth quarter. Foresters Investment Management Company Inc. now owns 96,000 shares of the company’s stock valued at $4,931,000 after buying an additional 2,000 shares in the last quarter. First Trust Advisors LP increased its stake in Simmons First National Corp. by 37.6% in the fourth quarter. First Trust Advisors LP now owns 84,773 shares of the company’s stock valued at $4,354,000 after buying an additional 23,143 shares in the last quarter. EAM Investors LLC purchased a new stake in Simmons First National Corp. during the fourth quarter valued at about $3,006,000. Finally, California State Teachers Retirement System increased its stake in Simmons First National Corp. by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 55,319 shares of the company’s stock valued at $2,841,000 after buying an additional 900 shares in the last quarter.

Simmons First National Corporation is a financial holding company. The Company’s subsidiary bank is Simmons First National Bank (Simmons Bank or lead bank), which is a national bank. Simmons Bank and its subsidiaries provide banking services to individuals and businesses throughout the market areas they serve.

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