Simmons First National Co. (NASDAQ:SFNC) CAO David W. Garner Sells 5,090 Shares

Simmons First National Co. (NASDAQ:SFNC) CAO David W. Garner sold 5,090 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $25.25, for a total value of $128,522.50. Following the completion of the sale, the chief accounting officer now owns 64,966 shares of the company’s stock, valued at $1,640,391.50. This trade represents a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Simmons First National Price Performance

Shares of Simmons First National stock traded down $0.15 on Friday, reaching $24.37. 143,582 shares of the stock were exchanged, compared to its average volume of 538,021. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market cap of $3.06 billion, a PE ratio of 24.04 and a beta of 0.86. The firm’s 50 day moving average is $22.35 and its 200-day moving average is $19.96. Simmons First National Co. has a one year low of $15.72 and a one year high of $25.95.

Simmons First National (NASDAQ:SFNC) last issued its earnings results on Friday, October 18th. The bank reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. Simmons First National had a return on equity of 5.15% and a net margin of 8.94%. The firm had revenue of $203.20 million for the quarter, compared to the consensus estimate of $204.91 million. During the same quarter last year, the business posted $0.39 EPS. The company’s revenue was up 3.6% compared to the same quarter last year. As a group, analysts anticipate that Simmons First National Co. will post 1.33 EPS for the current fiscal year.

Simmons First National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.45%. Simmons First National’s dividend payout ratio (DPR) is currently 82.35%.

Institutional Investors Weigh In On Simmons First National

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc boosted its position in Simmons First National by 161.0% in the second quarter. Versant Capital Management Inc now owns 1,843 shares of the bank’s stock valued at $32,000 after buying an additional 1,137 shares in the last quarter. Farmers & Merchants Investments Inc. increased its holdings in shares of Simmons First National by 2,045.5% during the second quarter. Farmers & Merchants Investments Inc. now owns 1,888 shares of the bank’s stock worth $33,000 after buying an additional 1,800 shares in the last quarter. Covestor Ltd lifted its stake in shares of Simmons First National by 13.7% in the 3rd quarter. Covestor Ltd now owns 4,129 shares of the bank’s stock valued at $89,000 after acquiring an additional 497 shares during the last quarter. KBC Group NV boosted its holdings in shares of Simmons First National by 29.0% during the 3rd quarter. KBC Group NV now owns 4,648 shares of the bank’s stock valued at $100,000 after acquiring an additional 1,045 shares in the last quarter. Finally, FMR LLC grew its position in Simmons First National by 5.5% during the 3rd quarter. FMR LLC now owns 7,778 shares of the bank’s stock worth $168,000 after acquiring an additional 403 shares during the last quarter. 27.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SFNC shares. Stephens raised shares of Simmons First National from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $27.00 to $28.00 in a research report on Monday, October 21st. Piper Sandler boosted their price objective on shares of Simmons First National from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Friday, July 26th. StockNews.com raised shares of Simmons First National from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Finally, Keefe, Bruyette & Woods boosted their price target on Simmons First National from $20.00 to $22.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $23.00.

Simmons First National Company Profile

Simmons First National Corporation operates as the holding company for Simmons Bank that provides banking and other financial products and services to individuals and businesses. The company offers checking, savings, and time deposits; consumer, real estate, and commercial loans; agricultural finance, equipment, and small business administration lending; trust and fiduciary services; credit cards; investment management products; treasury management; insurance products; and securities and investment services.