Simmons First National Corporation (NASDAQ:SFNC) Director Russell William Teubner sold 4,334 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $55.69, for a total transaction of $241,360.46. Following the completion of the sale, the director now directly owns 705 shares in the company, valued at $39,261.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Simmons First National Corporation (SFNC) traded down $0.33 during mid-day trading on Monday, hitting $54.92. 165,800 shares of the company were exchanged, compared to its average volume of 165,336. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $2,524.90, a PE ratio of 16.54 and a beta of 1.16. Simmons First National Corporation has a 52-week low of $49.75 and a 52-week high of $67.00.
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A number of hedge funds and other institutional investors have recently bought and sold shares of SFNC. Riverhead Capital Management LLC grew its holdings in Simmons First National Corporation by 63.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,131 shares of the bank’s stock worth $113,000 after acquiring an additional 831 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Simmons First National Corporation by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 3,182 shares of the bank’s stock worth $168,000 after acquiring an additional 476 shares in the last quarter. Amalgamated Bank grew its holdings in Simmons First National Corporation by 3.8% during the 2nd quarter. Amalgamated Bank now owns 4,122 shares of the bank’s stock worth $218,000 after acquiring an additional 151 shares in the last quarter. Aperio Group LLC acquired a new position in Simmons First National Corporation during the 2nd quarter worth approximately $234,000. Finally, Ifrah Financial Services Inc. acquired a new position in Simmons First National Corporation during the 3rd quarter worth approximately $246,000. Institutional investors own 51.33% of the company’s stock.
A number of equities research analysts have recently issued reports on SFNC shares. Zacks Investment Research raised shares of Simmons First National Corporation from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Wednesday, July 26th. Stephens upgraded shares of Simmons First National Corporation from an “equal weight” rating to a “buy” rating and lifted their price objective for the company from $60.00 to $64.00 in a report on Friday, July 21st. BidaskClub cut shares of Simmons First National Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Sandler O’Neill restated a “hold” rating and issued a $62.00 price objective on shares of Simmons First National Corporation in a report on Tuesday, October 24th. Finally, Piper Jaffray Companies restated a “neutral” rating and issued a $60.00 price objective on shares of Simmons First National Corporation in a report on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Simmons First National Corporation presently has a consensus rating of “Hold” and a consensus target price of $62.40.
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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