Simmons First National Co. (SFNC) Director Purchases $24,610.00 in Stock

Simmons First National Co. (NASDAQ:SFNC) Director Eugene Hunt purchased 1,000 shares of Simmons First National stock in a transaction dated Thursday, April 25th. The stock was bought at an average price of $24.61 per share, with a total value of $24,610.00. Following the completion of the purchase, the director now directly owns 1,000 shares of the company’s stock, valued at $24,610. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

SFNC opened at $24.69 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $2.28 billion, a P/E ratio of 10.42 and a beta of 1.07. Simmons First National Co. has a 12-month low of $22.64 and a 12-month high of $33.45.

Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings results on Monday, April 22nd. The bank reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.02). Simmons First National had a net margin of 25.17% and a return on equity of 9.76%. The firm had revenue of $170.79 million for the quarter, compared to analysts’ expectations of $171.00 million. On average, equities research analysts predict that Simmons First National Co. will post 2.42 earnings per share for the current year.

SFNC has been the topic of a number of research reports. Zacks Investment Research raised shares of Simmons First National from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Wednesday, January 9th. Stephens set a $30.00 price objective on shares of Simmons First National and gave the stock a “buy” rating in a report on Tuesday, January 22nd. ValuEngine raised shares of Simmons First National from a “strong sell” rating to a “sell” rating in a report on Friday, February 8th. BidaskClub raised shares of Simmons First National from a “hold” rating to a “buy” rating in a report on Saturday, February 23rd. Finally, DA Davidson initiated coverage on shares of Simmons First National in a report on Friday, March 15th. They issued a “buy” rating and a $31.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $30.20.

Large investors have recently modified their holdings of the business. Bank of New York Mellon Corp raised its position in shares of Simmons First National by 13.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,197,113 shares of the bank’s stock valued at $35,254,000 after acquiring an additional 140,846 shares during the last quarter. Paloma Partners Management Co bought a new stake in shares of Simmons First National during the 3rd quarter valued at $206,000. MetLife Investment Advisors LLC raised its position in shares of Simmons First National by 55.2% during the 3rd quarter. MetLife Investment Advisors LLC now owns 64,355 shares of the bank’s stock valued at $1,895,000 after acquiring an additional 22,877 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Simmons First National by 17.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 62,906 shares of the bank’s stock valued at $1,853,000 after acquiring an additional 9,119 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in shares of Simmons First National by 0.6% during the 3rd quarter. Teachers Advisors LLC now owns 793,761 shares of the bank’s stock valued at $23,376,000 after acquiring an additional 4,532 shares during the last quarter. 22.70% of the stock is currently owned by institutional investors and hedge funds.

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About Simmons First National

Simmons First National Corporation operates as the holding company for Simmons Bank that provides financial products and services to individuals and businesses. It offers checking, savings, and time deposits; loan products, including consumer, real estate, commercial, agricultural, equipment, and SBA lending; personal and corporate trust services; credit cards; investment management products; insurance products; and securities and investment services.

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