State of Tennessee Treasury Department maintained its position in shares of Simmons First National Corporation (NASDAQ:SFNC) during the 2nd quarter, according to its most recent filing with the SEC. The fund owned 28,029 shares of the bank’s stock at the end of the 2nd quarter. State of Tennessee Treasury Department owned 0.09% of Simmons First National Corporation worth $1,483,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Elkfork Partners LLC raised its stake in shares of Simmons First National Corporation by 16.1% during the first quarter. Elkfork Partners LLC now owns 2,016 shares of the bank’s stock worth $111,000 after purchasing an additional 280 shares during the last quarter. Meadow Creek Investment Management LLC raised its stake in shares of Simmons First National Corporation by 16.1% during the first quarter. Meadow Creek Investment Management LLC now owns 2,448 shares of the bank’s stock worth $135,000 after purchasing an additional 340 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Simmons First National Corporation during the first quarter worth approximately $140,000. Victory Capital Management Inc. raised its stake in shares of Simmons First National Corporation by 23.8% during the first quarter. Victory Capital Management Inc. now owns 2,706 shares of the bank’s stock worth $149,000 after purchasing an additional 521 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Simmons First National Corporation by 24.6% during the first quarter. SG Americas Securities LLC now owns 3,598 shares of the bank’s stock worth $198,000 after purchasing an additional 710 shares during the last quarter. Institutional investors and hedge funds own 25.87% of the company’s stock.

Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded Simmons First National Corporation from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Thursday, August 31st. BidaskClub cut 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 target on Simmons First National Corporation and gave the stock a “buy” rating in a research note on Tuesday, August 15th. Finally, Raymond James Financial, Inc. upgraded Simmons First National Corporation from an “underperform” rating to a “market perform” rating in a research note on Wednesday, July 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $61.25.

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Simmons First National Corporation (NASDAQ:SFNC) opened at 55.15 on Friday. Simmons First National Corporation has a one year low of $45.90 and a one year high of $67.00. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 18.21 and a beta of 1.14. The company’s 50-day moving average price is $52.66 and its 200-day moving average price is $53.33.

Simmons First National Corporation (NASDAQ:SFNC) last issued its quarterly earnings results on Wednesday, July 19th. The bank reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.04. Simmons First National Corporation had a return on equity of 8.71% and a net margin of 21.03%. The company had revenue of $112.56 million for the quarter, compared to analysts’ expectations of $110.00 million. On average, analysts anticipate that Simmons First National Corporation will post $3.12 EPS for the current year.

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

In other news, Director Christopher R. Kirkland sold 29,923 shares of Simmons First National Corporation stock in a transaction on Tuesday, September 19th. The stock was 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 approximately $12,566,593.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Christopher R. Kirkland sold 547 shares of Simmons First National Corporation stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $55.00, for a total value of $30,085.00. Following the transaction, the director now owns 228,399 shares in the company, valued at $12,561,945. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,793 shares of company stock worth $1,746,055. 4.63% of the stock is owned by insiders.

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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