Simmons First National Corporation (NASDAQ:SFNC) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 1,844,781 shares, a decrease of 37.1% from the October 13th total of 2,934,138 shares. Based on an average daily trading volume, of 366,264 shares, the short-interest ratio is currently 5.0 days. Currently, 4.1% of the company’s stock are short sold.

In other news, EVP Barry K. Ledbetter sold 1,900 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $57.37, for a total value of $109,003.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Christopher R. Kirkland sold 50,000 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $55.12, for a total transaction of $2,756,000.00. Following the completion of the sale, the director now owns 208,276 shares in the company, valued at approximately $11,480,173.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 179,289 shares of company stock valued at $9,889,418. 4.63% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. King Luther Capital Management Corp raised its stake in Simmons First National Corporation by 6.5% during the third quarter. King Luther Capital Management Corp now owns 146,740 shares of the bank’s stock worth $8,496,000 after acquiring an additional 9,000 shares during the period. Dimensional Fund Advisors LP raised its stake in Simmons First National Corporation by 10.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,613,273 shares of the bank’s stock worth $93,409,000 after acquiring an additional 151,194 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Simmons First National Corporation by 5.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 148,118 shares of the bank’s stock worth $8,577,000 after acquiring an additional 7,782 shares during the period. Wells Fargo & Company MN raised its stake in Simmons First National Corporation by 51.9% during the third quarter. Wells Fargo & Company MN now owns 35,206 shares of the bank’s stock worth $2,038,000 after acquiring an additional 12,023 shares during the period. Finally, Citadel Advisors LLC raised its stake in Simmons First National Corporation by 44.3% during the third quarter. Citadel Advisors LLC now owns 63,222 shares of the bank’s stock worth $3,660,000 after acquiring an additional 19,396 shares during the period. Hedge funds and other institutional investors own 51.33% of the company’s stock.

A number of equities research analysts have recently issued reports on SFNC shares. Stephens upgraded shares of Simmons First National Corporation from an “equal weight” rating to a “buy” rating and upped their target price for the company from $60.00 to $64.00 in a research note on Friday, July 21st. Zacks Investment Research upgraded shares of Simmons First National Corporation from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Wednesday, July 26th. BidaskClub lowered shares of Simmons First National Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Piper Jaffray Companies restated a “neutral” rating and issued a $60.00 target price on shares of Simmons First National Corporation in a research note on Thursday, October 5th. Finally, Sandler O’Neill restated a “hold” rating and issued a $62.00 target price on shares of Simmons First National Corporation in a research note on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $62.40.

Shares of Simmons First National Corporation (NASDAQ SFNC) opened at $55.55 on Tuesday. The firm has a market cap of $2,524.90, a PE ratio of 16.54 and a beta of 1.16. Simmons First National Corporation has a 12 month low of $49.75 and a 12 month high of $67.00. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.90 and a current ratio of 0.90.

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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, Tennessee, Colorado, Oklahoma and Texas.

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