Christopher R. Kirkland Sells 160,000 Shares of Simmons First National Corporation (SFNC) Stock

Simmons First National Corporation (NASDAQ:SFNC) Director Christopher R. Kirkland sold 160,000 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $56.77, for a total value of $9,083,200.00. Following the transaction, the director now owns 136,949 shares in the company, valued at $7,774,594.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Simmons First National Corporation (NASDAQ:SFNC) opened at $55.90 on Wednesday. The company has a market capitalization of $2,599.60, a PE ratio of 17.03 and a beta of 1.14. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.47. Simmons First National Corporation has a twelve month low of $49.75 and a twelve month high of $67.00.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.79%. Simmons First National’s dividend payout ratio (DPR) is 31.65%.

Several institutional investors have recently added to or reduced their stakes in SFNC. Teachers Advisors LLC raised its holdings in shares of Simmons First National by 2.6% in the 1st quarter. Teachers Advisors LLC now owns 49,779 shares of the bank’s stock worth $2,745,000 after purchasing an additional 1,239 shares during the period. California Public Employees Retirement System raised its holdings in shares of Simmons First National by 1.3% in the 1st quarter. California Public Employees Retirement System now owns 15,600 shares of the bank’s stock worth $860,000 after purchasing an additional 200 shares during the period. Aperio Group LLC purchased a new position in shares of Simmons First National in the 2nd quarter worth about $234,000. Municipal Employees Retirement System of Michigan raised its holdings in shares of Simmons First National by 3.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,030 shares of the bank’s stock worth $372,000 after purchasing an additional 240 shares during the period. Finally, Great West Life Assurance Co. Can raised its holdings in shares of Simmons First National by 3.3% in the 2nd quarter. Great West Life Assurance Co. Can now owns 43,933 shares of the bank’s stock worth $2,322,000 after purchasing an additional 1,400 shares during the period. Institutional investors own 51.33% of the company’s stock.

Several equities analysts recently weighed in on SFNC shares. Stephens set a $64.00 target price on Simmons First National and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Zacks Investment Research upgraded Simmons First National from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Tuesday, August 22nd. BidaskClub downgraded Simmons First National from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Piper Jaffray Companies restated a “neutral” rating and issued a $60.00 price objective on shares of Simmons First National in a report on Thursday, October 5th. Finally, Sandler O’Neill restated a “hold” rating and issued a $62.00 price objective on shares of Simmons First National in a report on Tuesday, October 24th. Two 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’s stock. The company presently has a consensus rating of “Hold” and an average target price of $62.40.

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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.

Insider Buying and Selling by Quarter for Simmons First National (NASDAQ:SFNC)

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