Sandler O’Neill set a $63.00 target price on Simmons First National (NASDAQ:SFNC) in a research note released on Thursday. The brokerage currently has a hold rating on the bank’s stock.

SFNC has been the topic of a number of other research reports. Zacks Investment Research lowered shares of Simmons First National from a buy rating to a sell rating in a research note on Friday, October 27th. Piper Jaffray Companies reiterated a neutral rating and set a $60.00 price objective on shares of Simmons First National in a research note on Thursday, October 5th. Finally, BidaskClub upgraded shares of Simmons First National from a sell rating to a hold rating in a research note on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. Simmons First National has an average rating of Hold and an average target price of $62.60.

Shares of Simmons First National (NASDAQ SFNC) traded down $0.35 during mid-day trading on Thursday, reaching $56.70. 360,800 shares of the company’s stock were exchanged, compared to its average volume of 258,733. The firm has a market capitalization of $2,622.59, a PE ratio of 17.94 and a beta of 1.15. 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 has a 1 year low of $49.75 and a 1 year high of $63.20.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, December 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.76%. Simmons First National’s dividend payout ratio is currently 31.65%.

In related news, Director Christopher R. Kirkland sold 160,000 shares of Simmons First National stock in a transaction on Friday, December 1st. The shares were sold at an average price of $56.77, for a total value of $9,083,200.00. Following the completion of the sale, the director now owns 136,949 shares in the company, valued at $7,774,594.73. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Vernon Wilson Jr. Bryant sold 22,888 shares of Simmons First National stock in a transaction on Monday, November 20th. The stock was sold at an average price of $54.87, for a total transaction of $1,255,864.56. Following the completion of the sale, the insider now owns 211,353 shares of the company’s stock, valued at approximately $11,596,939.11. The disclosure for this sale can be found here. Insiders have sold 349,122 shares of company stock worth $19,827,028 in the last quarter. Insiders own 4.63% of the company’s stock.

Several large investors have recently modified their holdings of SFNC. Mesirow Financial Investment Management Equity Management bought a new stake in shares of Simmons First National in the third quarter worth $21,454,000. Dimensional Fund Advisors LP increased its stake in shares of Simmons First National by 11.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,462,079 shares of the bank’s stock worth $77,346,000 after buying an additional 155,118 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in shares of Simmons First National by 28.3% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 616,809 shares of the bank’s stock worth $35,713,000 after buying an additional 135,871 shares during the last quarter. Voya Investment Management LLC increased its stake in shares of Simmons First National by 21.9% in the second quarter. Voya Investment Management LLC now owns 403,015 shares of the bank’s stock worth $21,320,000 after buying an additional 72,530 shares during the last quarter. Finally, Maltese Capital Management LLC bought a new stake in shares of Simmons First National in the third quarter worth $3,642,000. Institutional investors and hedge funds own 51.33% of the company’s stock.

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About Simmons First National

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.

Analyst Recommendations for Simmons First National (NASDAQ:SFNC)

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