Simmons First National Corporation (SFNC) Stake Increased by BlackRock Institutional Trust Company N.A.

Simmons First National Corporation (SFNC) Stake Increased by BlackRock Institutional Trust Company N.A.

BlackRock Institutional Trust Company N.A. boosted its position in Simmons First National Corporation (NASDAQ:SFNC) by 2.1% during the third quarter, Holdings Channel reports. The fund owned 754,979 shares of the company’s stock after buying an additional 15,831 shares during the period. BlackRock Institutional Trust Company N.A. owned approximately 2.41% of Simmons First National Corporation worth $37,673,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the company. Bank of Montreal Can increased its position in shares of Simmons First National Corporation by 18.5% in the third quarter. Bank of Montreal Can now owns 2,121 shares of the company’s stock worth $106,000 after buying an additional 331 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Simmons First National Corporation by 10.3% in the third quarter. Victory Capital Management Inc. now owns 2,239 shares of the company’s stock worth $112,000 after buying an additional 210 shares during the last quarter. Kernodle & Katon Asset Management Group LLC increased its position in shares of Simmons First National Corporation by 246.0% in the second quarter. Kernodle & Katon Asset Management Group LLC now owns 3,287 shares of the company’s stock worth $152,000 after buying an additional 2,337 shares during the last quarter. PineBridge Investments L.P. increased its position in shares of Simmons First National Corporation by 4.0% in the second quarter. PineBridge Investments L.P. now owns 3,626 shares of the company’s stock worth $167,000 after buying an additional 138 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of Simmons First National Corporation by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 3,992 shares of the company’s stock worth $184,000 after buying an additional 488 shares during the last quarter. Institutional investors and hedge funds own 41.03% of the company’s stock.

Simmons First National Corporation (NASDAQ:SFNC) traded down 0.89% during trading on Friday, hitting $60.95. 98,791 shares of the company’s stock traded hands. The company’s 50 day moving average price is $61.99 and its 200 day moving average price is $53.53. Simmons First National Corporation has a 52-week low of $38.30 and a 52-week high of $67.00. The company has a market cap of $1.91 billion, a PE ratio of 19.88 and a beta of 1.00.

Simmons First National Corporation (NASDAQ:SFNC) last issued its earnings results on Wednesday, January 18th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. Simmons First National Corporation had a return on equity of 9.12% and a net margin of 21.98%. Analysts expect that Simmons First National Corporation will post $3.52 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 3rd. Investors of record on Thursday, December 15th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date was Tuesday, December 13th. Simmons First National Corporation’s dividend payout ratio is currently 30.67%.

A number of brokerages recently weighed in on SFNC. Raymond James Financial, Inc. restated an “underperform” rating on shares of Simmons First National Corporation in a report on Wednesday. Keefe, Bruyette & Woods downgraded shares of Simmons First National Corporation from an “outperform” rating to a “market perform” rating and set a $51.00 target price on the stock. in a report on Wednesday, October 26th. Zacks Investment Research upgraded shares of Simmons First National Corporation from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Tuesday, October 11th. Finally, Sandler O’Neill upgraded shares of Simmons First National Corporation from a “sell” rating to a “hold” rating in a report on Friday, January 20th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. Simmons First National Corporation presently has a consensus rating of “Hold” and an average target price of $52.25.

In related news, Director Joseph D. Porter sold 1,100 shares of the stock in a transaction on Thursday, January 26th. The stock was sold at an average price of $61.48, for a total value of $67,628.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.48% of the stock is owned by company insiders.

Simmons First National Corporation Company Profile

Simmons First National Corporation is a financial holding company. The Company’s subsidiary bank is Simmons First National Bank (Simmons Bank), a national bank. Simmons Bank and its subsidiaries provide banking services to individuals and businesses across the market areas they serve. Simmons Bank offers consumer, real estate and commercial loans, checking, savings and time deposits.

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