Patrick A. Burrow Acquires 1,000 Shares of Simmons First National Co. (SFNC) Stock

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Simmons First National Co. (NASDAQ:SFNC) EVP Patrick A. Burrow purchased 1,000 shares of Simmons First National stock in a transaction dated Tuesday, April 30th. The shares were bought at an average price of $25.30 per share, for a total transaction of $25,300.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of NASDAQ:SFNC traded up $0.39 during trading on Friday, reaching $25.99. The company had a trading volume of 5,343 shares, compared to its average volume of 439,747. The firm has a market cap of $2.39 billion, a P/E ratio of 10.91 and a beta of 1.07. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.66. Simmons First National Co. has a fifty-two week low of $22.64 and a fifty-two week high of $33.45.

Simmons First National (NASDAQ:SFNC) last released its earnings results on Monday, April 22nd. The bank reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.02). The company had revenue of $170.79 million during the quarter, compared to analyst estimates of $171.00 million. Simmons First National had a net margin of 25.17% and a return on equity of 9.76%. Research analysts forecast that Simmons First National Co. will post 2.41 EPS for the current fiscal year.

SFNC has been the subject of a number of recent analyst reports. Zacks Investment Research raised Simmons First National from a “sell” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Wednesday, April 10th. Stephens set a $30.00 target price on Simmons First National and gave the company a “buy” rating in a report on Tuesday, January 22nd. BidaskClub raised Simmons First National from a “hold” rating to a “buy” rating in a report on Saturday, February 23rd. DA Davidson initiated coverage on Simmons First National in a report on Friday, March 15th. They issued a “buy” rating and a $31.00 target price on the stock. Finally, Robert W. Baird initiated coverage on Simmons First National in a report on Wednesday, April 10th. They issued a “hold” rating and a $27.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $30.20.

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in Simmons First National by 3.0% during the fourth quarter. BlackRock Inc. now owns 13,561,463 shares of the bank’s stock worth $327,238,000 after acquiring an additional 391,028 shares during the period. Vanguard Group Inc increased its position in shares of Simmons First National by 3.6% during the third quarter. Vanguard Group Inc now owns 8,225,217 shares of the bank’s stock worth $242,234,000 after acquiring an additional 289,561 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Simmons First National by 3.6% during the third quarter. Vanguard Group Inc. now owns 8,225,217 shares of the bank’s stock worth $242,234,000 after acquiring an additional 289,561 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Simmons First National by 4.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,353,621 shares of the bank’s stock worth $129,183,000 after acquiring an additional 227,228 shares in the last quarter. Finally, King Luther Capital Management Corp increased its position in shares of Simmons First National by 2.3% during the fourth quarter. King Luther Capital Management Corp now owns 1,328,483 shares of the bank’s stock worth $32,056,000 after acquiring an additional 30,342 shares in the last quarter. 22.76% 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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