State Board of Administration of Florida Retirement System held its position in shares of Simmons First National Corporation (NASDAQ:SFNC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,867 shares of the bank’s stock at the end of the 2nd quarter. State Board of Administration of Florida Retirement System owned 0.06% of Simmons First National Corporation worth $1,051,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Simmons First National Corporation by 5.8% in the first quarter. Vanguard Group Inc. now owns 2,511,310 shares of the bank’s stock valued at $138,499,000 after purchasing an additional 138,399 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Simmons First National Corporation by 8.9% during the first quarter. Geode Capital Management LLC now owns 255,312 shares of the bank’s stock valued at $14,080,000 after buying an additional 20,906 shares during the period. Swiss National Bank lifted its stake in shares of Simmons First National Corporation by 3.3% during the first quarter. Swiss National Bank now owns 46,490 shares of the bank’s stock valued at $2,564,000 after buying an additional 1,500 shares during the period. Tudor Investment Corp ET AL purchased a new position in shares of Simmons First National Corporation during the first quarter valued at approximately $314,000. Finally, UBS Asset Management Americas Inc. lifted its stake in shares of Simmons First National Corporation by 62.4% during the first quarter. UBS Asset Management Americas Inc. now owns 14,451 shares of the bank’s stock valued at $797,000 after buying an additional 5,550 shares during the period. Institutional investors and hedge funds own 25.87% of the company’s stock.

Simmons First National Corporation (NASDAQ SFNC) opened at 55.15 on Friday. The company’s 50 day moving average is $52.66 and its 200 day moving average is $53.33. Simmons First National Corporation has a 52 week low of $45.90 and a 52 week high of $67.00. The stock has a market cap of $1.78 billion, a P/E ratio of 18.21 and a beta of 1.14.

Simmons First National Corporation (NASDAQ:SFNC) last released its earnings results on Wednesday, July 19th. The bank reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.04. The business had revenue of $112.56 million for the quarter, compared to the consensus estimate of $110.00 million. Simmons First National Corporation had a net margin of 21.03% and a return on equity of 8.71%. Equities analysts predict that Simmons First National Corporation will post $3.12 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Thursday, September 14th. Simmons First National Corporation’s dividend payout ratio (DPR) is currently 33.00%.

SFNC has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Simmons First National Corporation from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Tuesday, August 22nd. BidaskClub downgraded shares of Simmons First National Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Stephens set a $64.00 price objective on shares of Simmons First National Corporation and gave the company a “buy” rating in a research note on Tuesday, August 15th. ValuEngine downgraded shares of Simmons First National Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Raymond James Financial, Inc. raised shares of Simmons First National Corporation from an “underperform” rating to a “market perform” rating in a research note on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Simmons First National Corporation presently has an average rating of “Hold” and an average price target of $61.25.

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In related news, Director Christopher R. Kirkland sold 547 shares of the business’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $55.00, for a total transaction of $30,085.00. Following the transaction, the director now directly owns 228,399 shares of the company’s stock, valued at $12,561,945. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher R. Kirkland sold 29,923 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $55.05, for a total transaction of $1,647,261.15. Following the transaction, the director now directly owns 228,276 shares in the company, valued at $12,566,593.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,793 shares of company stock worth $1,746,055. 4.63% of the stock is currently owned by insiders.

Simmons First National Corporation 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 and Tennessee.

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

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