Simmons First National Co. (NASDAQ:SFNC) CEO Acquires $167,200.00 in Stock

Simmons First National Co. (NASDAQ:SFNC) CEO George Makris, Jr. bought 10,000 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were acquired at an average price of $16.72 per share, for a total transaction of $167,200.00. Following the completion of the acquisition, the chief executive officer now owns 451,346 shares in the company, valued at $7,546,505.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

SFNC opened at $16.59 on Friday. Simmons First National Co. has a 12-month low of $13.75 and a 12-month high of $27.29. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $1.79 billion, a PE ratio of 6.51 and a beta of 0.97. The firm has a 50 day moving average of $16.47 and a two-hundred day moving average of $19.16.

Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings results on Tuesday, July 21st. The bank reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.25. Simmons First National had a net margin of 25.20% and a return on equity of 10.25%. The company had revenue of $213.91 million during the quarter, compared to analyst estimates of $201.13 million. During the same period last year, the firm posted $0.68 EPS. As a group, analysts predict that Simmons First National Co. will post 1.95 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.17 per share. The ex-dividend date is Monday, September 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.10%. Simmons First National’s payout ratio is 24.91%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Point72 Hong Kong Ltd acquired a new stake in shares of Simmons First National during the 4th quarter worth approximately $38,000. Marshall Wace North America L.P. acquired a new position in Simmons First National during the first quarter worth $59,000. Versant Capital Management Inc grew its position in shares of Simmons First National by 62.0% in the first quarter. Versant Capital Management Inc now owns 2,901 shares of the bank’s stock valued at $53,000 after purchasing an additional 1,110 shares during the period. Sunbelt Securities Inc. acquired a new position in shares of Simmons First National during the 4th quarter worth about $29,126,000. Finally, Meeder Asset Management Inc. raised its position in shares of Simmons First National by 162.8% during the 1st quarter. Meeder Asset Management Inc. now owns 4,468 shares of the bank’s stock worth $82,000 after purchasing an additional 2,768 shares during the last quarter. 27.34% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have commented on SFNC. BidaskClub lowered shares of Simmons First National from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 9th. Zacks Investment Research raised shares of Simmons First National from a “sell” rating to a “hold” rating in a research report on Wednesday, June 10th. Finally, Raymond James raised shares of Simmons First National from a “market perform” rating to an “outperform” rating and set a $19.00 price objective for the company in a research report on Wednesday, June 17th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Simmons First National currently has an average rating of “Hold” and a consensus target price of $27.00.

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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