Simmons First National Corporation (NASDAQ:SFNC) CFO Charles Daniel Hobbs Buys 5,400 Shares

Simmons First National Corporation (NASDAQ:SFNC - Get Free Report) CFO Charles Daniel Hobbs acquired 5,400 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were purchased at an average cost of $18.50 per share, for a total transaction of $99,900.00. Following the completion of the acquisition, the chief financial officer owned 10,213 shares in the company, valued at $188,940.50. This represents a 112.20% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Simmons First National Stock Performance

Simmons First National stock traded up $0.11 during trading on Monday, reaching $19.79. The company had a trading volume of 1,377,647 shares, compared to its average volume of 1,844,432. The firm's 50-day simple moving average is $19.23 and its 200 day simple moving average is $20.10. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 15.58 and a beta of 0.92. Simmons First National Corporation has a 52 week low of $17.20 and a 52 week high of $25.95. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.28.

Simmons First National (NASDAQ:SFNC - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The bank reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.04. The business had revenue of $214.18 million for the quarter, compared to analysts' expectations of $217.21 million. Simmons First National had a return on equity of 5.23% and a net margin of 11.19%. The business's quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $0.33 earnings per share. Sell-side analysts forecast that Simmons First National Corporation will post 1.66 earnings per share for the current fiscal year.

Simmons First National Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th were issued a dividend of $0.2125 per share. This represents a $0.85 annualized dividend and a yield of 4.30%. The ex-dividend date of this dividend was Friday, June 13th. Simmons First National's dividend payout ratio is presently 66.93%.

Analyst Upgrades and Downgrades

SFNC has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Simmons First National from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Stephens dropped their price objective on Simmons First National from $27.00 to $25.00 and set an "overweight" rating for the company in a report on Monday, April 21st. DA Davidson raised their target price on Simmons First National from $21.00 to $23.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Piper Sandler raised shares of Simmons First National from an "underweight" rating to a "neutral" rating and boosted their price objective for the stock from $20.00 to $21.00 in a research note on Monday, April 21st. Finally, Keefe, Bruyette & Woods raised their price target on Simmons First National from $21.00 to $22.00 and gave the company a "market perform" rating in a report on Monday, July 21st. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $22.75.

Hedge Funds Weigh In On Simmons First National

Institutional investors have recently bought and sold shares of the business. 1900 Wealth Management LLC increased its position in shares of Simmons First National by 1.1% during the 2nd quarter. 1900 Wealth Management LLC now owns 47,560 shares of the bank's stock valued at $902,000 after purchasing an additional 497 shares during the last quarter. Cresset Asset Management LLC increased its holdings in shares of Simmons First National by 0.7% in the 4th quarter. Cresset Asset Management LLC now owns 76,711 shares of the bank's stock valued at $1,718,000 after acquiring an additional 546 shares during the period. Mustard Seed Financial LLC grew its stake in Simmons First National by 1.9% during the 1st quarter. Mustard Seed Financial LLC now owns 34,402 shares of the bank's stock worth $706,000 after buying an additional 656 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of Simmons First National by 4.3% during the fourth quarter. HighTower Advisors LLC now owns 19,600 shares of the bank's stock valued at $435,000 after buying an additional 812 shares during the last quarter. Finally, Cerity Partners LLC boosted its holdings in shares of Simmons First National by 5.5% in the 1st quarter. Cerity Partners LLC now owns 16,058 shares of the bank's stock valued at $330,000 after acquiring an additional 836 shares during the last quarter. Institutional investors own 27.58% of the company's stock.

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.