Bank of The Ozarks raised its stake in Simmons First National Co. (NASDAQ:SFNC) by 51.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,778 shares of the bank’s stock after buying an additional 4,000 shares during the period. Bank of The Ozarks’ holdings in Simmons First National were worth $650,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the company. State Street Corp boosted its position in Simmons First National by 12.6% in the fourth quarter. State Street Corp now owns 737,249 shares of the bank’s stock valued at $45,823,000 after buying an additional 82,423 shares during the last quarter. Comerica Bank boosted its position in Simmons First National by 8.8% in the fourth quarter. Comerica Bank now owns 31,594 shares of the bank’s stock valued at $1,922,000 after buying an additional 2,547 shares during the last quarter. Patten & Patten Inc. TN acquired a new position in Simmons First National during the first quarter valued at approximately $478,000. Teachers Advisors LLC boosted its position in Simmons First National by 1.4% in the third quarter. Teachers Advisors LLC now owns 47,290 shares of the bank’s stock valued at $2,360,000 after buying an additional 659 shares during the last quarter. Finally, Horrell Capital Management Inc. boosted its position in Simmons First National by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the bank’s stock valued at $1,503,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 41.09% of the company’s stock.
Shares of Simmons First National Co. (NASDAQ:SFNC) traded down 1.25% during midday trading on Friday, reaching $51.35. The company’s stock had a trading volume of 296,417 shares. The company has a market cap of $1.61 billion, a PE ratio of 16.79 and a beta of 1.01. The company’s 50-day moving average price is $53.60 and its 200-day moving average price is $57.72. Simmons First National Co. has a 12 month low of $42.54 and a 12 month high of $67.00.
Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings results on Wednesday, April 19th. The bank reported $0.71 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.10. Simmons First National had a return on equity of 9.12% and a net margin of 21.98%. The business had revenue of $102.44 million during the quarter, compared to analysts’ expectations of $109.30 million. On average, equities analysts anticipate that Simmons First National Co. will post $3.37 EPS for the current fiscal year.
SFNC has been the subject of several recent analyst reports. Sandler O’Neill upgraded Simmons First National from a “sell” rating to a “hold” rating in a research report on Friday, January 20th. Raymond James Financial, Inc. restated an “underperform” rating on shares of Simmons First National in a research report on Wednesday, January 25th. Keefe, Bruyette & Woods set a $67.00 target price on Simmons First National and gave the stock a “hold” rating in a research report on Monday, April 10th. Finally, Zacks Investment Research cut Simmons First National from a “buy” rating to a “sell” rating in a research report on Wednesday, April 26th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. Simmons First National has a consensus rating of “Hold” and a consensus price target of $57.75.
In other Simmons First National news, Director Christopher R. Kirkland sold 5,990 shares of the stock in a transaction on Monday, May 1st. The stock was sold at an average price of $55.00, for a total value of $329,450.00. Following the completion of the sale, the director now owns 239,364 shares in the company, valued at approximately $13,165,020. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO George Makris, Jr. purchased 2,000 shares of the business’s stock in a transaction on Friday, May 12th. The stock was acquired at an average price of $52.00 per share, with a total value of $104,000.00. Following the purchase, the chief executive officer now directly owns 102,883 shares in the company, valued at approximately $5,349,916. The disclosure for this purchase can be found here. Insiders acquired a total of 4,500 shares of company stock valued at $239,250 in the last quarter. 4.48% of the stock is currently owned by company insiders.
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 and Tennessee.
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