Simmons First National Corporation (NASDAQ:SFNC) Director Christopher R. Kirkland sold 29,923 shares of the firm’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 value of $1,647,261.15. Following the completion of the sale, the director now directly owns 228,276 shares in the company, valued at approximately $12,566,593.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Simmons First National Corporation (NASDAQ SFNC) opened at 54.80 on Friday. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 18.10 and a beta of 1.14. The stock’s 50 day moving average price is $52.66 and its 200 day moving average price is $53.33. Simmons First National Corporation has a one year low of $45.90 and a one year high of $67.00.

Simmons First National Corporation (NASDAQ:SFNC) last posted its earnings results on Wednesday, July 19th. The bank reported $0.84 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 the consensus estimate of $110.00 million. On average, equities analysts anticipate that Simmons First National Corporation will post $3.12 earnings per share for the current fiscal 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 1.82%. The ex-dividend date is Thursday, September 14th. Simmons First National Corporation’s payout ratio is 33.00%.

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Several institutional investors have recently bought and sold shares of SFNC. Great West Life Assurance Co. Can grew its position in shares of 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 purchasing an additional 2,769 shares during the last quarter. First Trust Advisors LP grew its position 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 valued at $4,936,000 after purchasing an additional 16,792 shares during the last quarter. Elkfork Partners LLC grew its position 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 valued at $111,000 after purchasing an additional 280 shares during the last quarter. BNP Paribas Arbitrage SA grew its position 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 valued at $336,000 after purchasing an additional 643 shares during the last quarter. Finally, Comerica Bank grew its position in shares of Simmons First National Corporation by 4.9% in the first quarter. Comerica Bank now owns 33,157 shares of the bank’s stock valued at $1,802,000 after purchasing an additional 1,563 shares during the last quarter. 25.87% of the stock is currently owned by institutional investors.

A number of analysts have issued reports on the company. Zacks Investment Research raised Simmons First National Corporation from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Wednesday, July 26th. Raymond James Financial, Inc. raised Simmons First National Corporation from an “underperform” rating to a “market perform” rating in a report on Wednesday, July 5th. Stephens raised Simmons First National Corporation from an “equal weight” rating to a “buy” rating and lifted their price objective for the stock from $60.00 to $64.00 in a report on Friday, July 21st. Finally, BidaskClub raised Simmons First National Corporation from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Simmons First National Corporation has an average rating of “Hold” and a consensus target price of $61.25.

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.

Insider Buying and Selling by Quarter for Simmons First National Corporation (NASDAQ:SFNC)

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