Simmons First National Corporation (NASDAQ:SFNC) Director Russell William Teubner Purchases 4,050 Shares

Simmons First National Corporation (NASDAQ:SFNC - Get Free Report) Director Russell William Teubner purchased 4,050 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The stock was acquired at an average cost of $18.50 per share, with a total value of $74,925.00. Following the completion of the acquisition, the director directly owned 25,576 shares of the company's stock, valued at $473,156. The trade was a 18.81% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Simmons First National Trading Down 0.6%

NASDAQ:SFNC traded down $0.13 on Monday, hitting $19.55. 172,220 shares of the stock were exchanged, compared to its average volume of 821,920. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 15.41 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 debt-to-equity ratio of 0.28, a quick ratio of 0.80 and a current ratio of 0.80. The company's 50-day moving average price is $19.23 and its 200 day moving average price is $20.11.

Simmons First National (NASDAQ:SFNC - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The bank reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. The firm had revenue of $214.18 million during 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 company's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.33 EPS. On average, equities research analysts forecast that Simmons First National Corporation will post 1.66 earnings per share for the current year.

Simmons First National Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.85 annualized dividend and a yield of 4.35%. Simmons First National's dividend payout ratio is currently 66.93%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SFNC. DA Davidson lifted their price target on Simmons First National from $21.00 to $23.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Keefe, Bruyette & Woods lifted 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. Piper Sandler raised Simmons First National from an "underweight" rating to a "neutral" rating and lifted their price target for the company from $20.00 to $21.00 in a report on Monday, April 21st. Wall Street Zen raised Simmons First National from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Finally, Stephens cut their price target 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. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $22.75.

Institutional Trading of Simmons First National

Several institutional investors and hedge funds have recently added to or reduced their stakes in SFNC. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Simmons First National during the 4th quarter worth about $36,000. Quarry LP acquired a new position in shares of Simmons First National during the 4th quarter worth about $47,000. GAMMA Investing LLC grew its position in shares of Simmons First National by 35.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,426 shares of the bank's stock worth $65,000 after buying an additional 892 shares during the period. SouthState Corp acquired a new position in shares of Simmons First National during the 1st quarter worth about $71,000. Finally, Sterling Capital Management LLC grew its position in shares of Simmons First National by 813.8% during the 4th quarter. Sterling Capital Management LLC now owns 3,911 shares of the bank's stock worth $87,000 after buying an additional 3,483 shares during the period. 27.58% of the stock is owned by institutional investors.

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.