First Trust Advisors LP lowered its stake in Simmons First National Corporation (NASDAQ:SFNC) by 28.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 41,127 shares of the bank’s stock after selling 16,418 shares during the quarter. First Trust Advisors LP owned about 0.13% of Simmons First National Corporation worth $2,381,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Riverhead Capital Management LLC lifted its position in shares of Simmons First National Corporation by 63.9% in the second quarter. Riverhead Capital Management LLC now owns 2,131 shares of the bank’s stock worth $113,000 after purchasing an additional 831 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Simmons First National Corporation by 17.6% in the second quarter. Victory Capital Management Inc. now owns 3,182 shares of the bank’s stock worth $168,000 after purchasing an additional 476 shares in the last quarter. Amalgamated Bank lifted its position in shares of Simmons First National Corporation by 3.8% in the second quarter. Amalgamated Bank now owns 4,122 shares of the bank’s stock worth $218,000 after purchasing an additional 151 shares in the last quarter. Aperio Group LLC bought a new stake in shares of Simmons First National Corporation in the second quarter worth $234,000. Finally, State of Alaska Department of Revenue lifted its position in shares of Simmons First National Corporation by 78.9% in the second quarter. State of Alaska Department of Revenue now owns 5,887 shares of the bank’s stock worth $311,000 after purchasing an additional 2,597 shares in the last quarter. 51.33% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently commented on the stock. Sandler O’Neill reissued a “hold” rating and issued a $62.00 price objective on shares of Simmons First National Corporation in a research report on Tuesday, October 24th. Zacks Investment Research lowered shares of Simmons First National Corporation from a “buy” rating to a “sell” rating in a research report on Friday, October 27th. Piper Jaffray Companies reissued a “neutral” rating and issued a $60.00 price objective on shares of Simmons First National Corporation in a research report on Thursday, October 5th. Stephens set a $64.00 price objective on shares of Simmons First National Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Finally, BidaskClub lowered shares of Simmons First National Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $62.40.

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Simmons First National Corporation (NASDAQ SFNC) opened at $56.35 on Friday. The firm has a market cap of $2,590.41, a price-to-earnings ratio of 16.97 and a beta of 1.16. Simmons First National Corporation has a fifty-two week low of $49.75 and a fifty-two week high of $67.00. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.47.

In other Simmons First National Corporation news, insider Vernon Wilson Jr. Bryant sold 22,888 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $54.87, for a total value of $1,255,864.56. Following the transaction, the insider now directly owns 211,353 shares in the company, valued at $11,596,939.11. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Barry K. Ledbetter sold 1,900 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $57.37, for a total transaction of $109,003.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 202,177 shares of company stock worth $11,145,283. 4.63% of the stock is owned by corporate insiders.

Simmons First National Corporation Company 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, Tennessee, Colorado, Oklahoma and Texas.

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

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