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

Simmons First National Co. (NASDAQ:SFNC - Get Free Report) CAO David W. Garner sold 5,090 shares of Simmons First National stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $25.25, for a total value of $128,522.50. Following the sale, the chief accounting officer now directly owns 64,966 shares in the company, valued at $1,640,391.50. The trade was a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Simmons First National Trading Down 0.1 %

SFNC traded down $0.03 on Friday, reaching $24.49. 635,631 shares of the company traded hands, compared to its average volume of 540,243. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.40. The company has a market cap of $3.08 billion, a P/E ratio of 24.01 and a beta of 0.86. The firm has a fifty day simple moving average of $22.42 and a two-hundred day simple moving average of $19.99. 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 - Get Free Report) last released its quarterly earnings results on Friday, October 18th. The bank reported $0.37 EPS for the quarter, topping the consensus estimate of $0.33 by $0.04. The firm had revenue of $203.20 million during the quarter, compared to analyst estimates of $204.91 million. Simmons First National had a return on equity of 5.15% and a net margin of 8.94%. The business's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 EPS. As a group, equities research analysts expect that Simmons First National Co. will post 1.33 earnings per share for the current year.

Simmons First National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, December 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.43%. Simmons First National's payout ratio is 82.35%.

Institutional Trading of Simmons First National

Institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc increased its stake in Simmons First National by 161.0% during the second quarter. Versant Capital Management Inc now owns 1,843 shares of the bank's stock worth $32,000 after purchasing an additional 1,137 shares during the period. Farmers & Merchants Investments Inc. increased its position in 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 during the period. Covestor Ltd increased its position in 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 period. KBC Group NV grew its position in Simmons First National by 29.0% in the 3rd quarter. KBC Group NV now owns 4,648 shares of the bank's stock valued at $100,000 after buying an additional 1,045 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Simmons First National by 5.5% in the third quarter. FMR LLC now owns 7,778 shares of the bank's stock valued at $168,000 after buying an additional 403 shares in the last quarter. 27.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

About Simmons First National

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.