Louisiana State Employees Retirement System continued to hold its stake in shares of Simmons First National Corporation (NASDAQ:SFNC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,100 shares of the bank’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in Simmons First National Corporation were worth $640,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. BNP Paribas Arbitrage SA raised its stake in shares of Simmons First National Corporation by 11.8% in the first quarter. BNP Paribas Arbitrage SA now owns 6,089 shares of the bank’s stock worth $336,000 after buying an additional 643 shares during the last quarter. Elkfork Partners LLC raised its stake in shares of Simmons First National Corporation by 16.1% in the first quarter. Elkfork Partners LLC now owns 2,016 shares of the bank’s stock worth $111,000 after buying an additional 280 shares during the last quarter. HPM Partners LLC acquired a new stake in shares of Simmons First National Corporation during the first quarter worth about $656,000. First Trust Advisors LP raised its stake in shares of Simmons First National Corporation by 23.1% in the first quarter. First Trust Advisors LP now owns 89,504 shares of the bank’s stock worth $4,936,000 after buying an additional 16,792 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its position in Simmons First National Corporation by 7.0% in the first quarter. Great West Life Assurance Co. Can now owns 42,533 shares of the bank’s stock valued at $2,341,000 after buying an additional 2,769 shares during the period. Institutional investors and hedge funds own 56.61% of the company’s stock.

Simmons First National Corporation (NASDAQ SFNC) traded down 0.75% on Monday, hitting $53.15. 13,093 shares of the company’s stock traded hands. The stock has a market cap of $1.69 billion, a PE ratio of 17.56 and a beta of 1.12. Simmons First National Corporation has a one year low of $45.50 and a one year high of $67.00. The stock has a 50-day moving average of $52.91 and a 200-day moving average of $55.06.

Simmons First National Corporation (NASDAQ:SFNC) last released its earnings results on Wednesday, July 19th. The bank reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. The business had revenue of $112.56 million during the quarter, compared to analysts’ expectations of $110 million. Simmons First National Corporation had a net margin of 21.03% and a return on equity of 8.71%. On average, equities analysts forecast that Simmons First National Corporation will post $3.16 earnings per share for the current fiscal year.

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Several research analysts have commented on SFNC shares. ValuEngine downgraded shares of Simmons First National Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research raised shares of Simmons First National Corporation from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 21st. Sandler O’Neill raised shares of Simmons First National Corporation from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a report on Friday, April 21st. BidaskClub raised shares of Simmons First National Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 21st. Finally, Keefe, Bruyette & Woods set a $67.00 price objective on shares of Simmons First National Corporation and gave the company a “hold” rating in a report on Monday, April 10th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $61.75.

In other news, Director Christopher R. Kirkland sold 547 shares of the business’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $55.00, for a total transaction of $30,085.00. Following the completion of the sale, the director now owns 228,399 shares of the company’s stock, valued at $12,561,945. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph D. Porter sold 23,000 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $55.00, for a total transaction of $1,265,000.00. Following the sale, the director now directly owns 48,819 shares of the company’s stock, valued at approximately $2,685,045. The disclosure for this sale can be found here. Insiders have sold 23,843 shares of company stock valued at $1,311,365 in the last three months. Corporate insiders own 4.63% of the company’s stock.

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.

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Institutional Ownership by Quarter for Simmons First National Corporation (NASDAQ:SFNC)

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