Maltese Capital Management LLC bought a new position in Simmons First National Corporation (NASDAQ:SFNC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 62,900 shares of the bank’s stock, valued at approximately $3,642,000. Maltese Capital Management LLC owned about 0.14% of Simmons First National as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. King Luther Capital Management Corp grew its holdings in Simmons First National by 6.5% during the 3rd 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 last quarter. Dimensional Fund Advisors LP grew its holdings in Simmons First National by 10.3% during the 3rd 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 last quarter. Schwab Charles Investment Management Inc. grew its holdings in Simmons First National by 5.5% during the 3rd 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 last quarter. Wells Fargo & Company MN grew its holdings in Simmons First National by 51.9% during the 3rd 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 last quarter. Finally, Citadel Advisors LLC grew its holdings in Simmons First National by 44.3% during the 3rd 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 last quarter. 51.33% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have commented on the stock. Piper Jaffray Companies set a $60.00 price objective on shares of Simmons First National and gave the stock a “hold” rating in a report on Thursday, November 16th. Zacks Investment Research lowered shares of Simmons First National from a “buy” rating to a “sell” rating in a report on Friday, October 27th. Sandler O’Neill reissued a “hold” rating and set a $62.00 price objective on shares of Simmons First National in a report on Tuesday, October 24th. BidaskClub downgraded shares of Simmons First National from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Finally, Stephens set a $64.00 target price on shares of Simmons First National and gave the company a “buy” rating in a research report on Tuesday, August 15th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $62.40.

Simmons First National Corporation (NASDAQ:SFNC) opened at $55.60 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.47. Simmons First National Corporation has a 52-week low of $49.75 and a 52-week high of $67.00. The stock has a market cap of $2,549.04, a PE ratio of 16.70 and a beta of 1.14.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.80%. Simmons First National’s payout ratio is presently 31.65%.

In related news, EVP Barry K. Ledbetter sold 1,900 shares of the stock in a transaction that occurred on 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 filing with the SEC, which can be accessed through this link. Also, Director Christopher R. Kirkland sold 160,000 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $57.11, for a total transaction of $9,137,600.00. Following the completion of the sale, the director now owns 76,949 shares in the company, valued at $4,394,557.39. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 522,177 shares of company stock worth $29,366,083. Corporate insiders own 4.63% of the company’s stock.

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Simmons First National 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 (NASDAQ:SFNC)

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