Steenberg Christopher J. Van Acquires 13,500 Shares of Simmons First National Corporation (NASDAQ:SFNC) Stock

Simmons First National Corporation (NASDAQ:SFNC - Get Free Report) COO Steenberg Christopher J. Van acquired 13,500 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The stock was bought at an average cost of $18.50 per share, for a total transaction of $249,750.00. Following the purchase, the chief operating officer directly owned 13,500 shares of the company's stock, valued at approximately $249,750. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Simmons First National Price Performance

SFNC stock traded up $0.11 during mid-day trading on Monday, hitting $19.79. The company had a trading volume of 1,377,647 shares, compared to its average volume of 1,844,432. The company has a 50-day moving average price of $19.23 and a 200 day moving average price of $20.10. Simmons First National Corporation has a 12-month low of $17.20 and a 12-month high of $25.95. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 15.58 and a beta of 0.92. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.28.

Simmons First National (NASDAQ:SFNC - Get Free Report) last issued its earnings results on Thursday, July 17th. The bank reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.04. The firm 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 revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 earnings per share. On average, research analysts anticipate that Simmons First National Corporation will post 1.66 earnings per share for the current year.

Simmons First National Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. 1900 Wealth Management LLC increased its position in Simmons First National by 1.1% in the second quarter. 1900 Wealth Management LLC now owns 47,560 shares of the bank's stock worth $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 worth $1,718,000 after buying an additional 546 shares during the last quarter. Mustard Seed Financial LLC raised its position in shares of Simmons First National by 1.9% during the 1st quarter. Mustard Seed Financial LLC now owns 34,402 shares of the bank's stock valued at $706,000 after buying an additional 656 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Simmons First National by 4.3% during the 4th quarter. HighTower Advisors LLC now owns 19,600 shares of the bank's stock valued at $435,000 after buying an additional 812 shares in the last quarter. Finally, Cerity Partners LLC lifted 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. 27.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Simmons First National Company Profile

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.