Simmons First National Corporation (NASDAQ:SFNC) Director Russell William Teubner Purchases 9,200 Shares

Key Points

• Russell William Teubner, a director at Simmons First National Corporation, purchased 9,200 shares at an average price of $18.62 each, increasing his total holdings to 53,220 shares valued at nearly $991,000.
• The stock price of Simmons First National has shown a 12-month range between $17.20 and $25.95, with a recent trading value of $19.02.
• Simmons First National reported $0.44 EPS for the last quarter, surpassing analysts' expectations, with revenue of $214.18 million compared to predictions of $217.21 million.

Simmons First National Corporation (NASDAQ:SFNC - Get Free Report) Director Russell William Teubner purchased 9,200 shares of the firm's stock in a transaction on Thursday, August 7th. The stock was bought at an average cost of $18.62 per share, with a total value of $171,304.00. Following the completion of the purchase, the director owned 53,220 shares of the company's stock, valued at approximately $990,956.40. This represents a 20.90% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Russell William Teubner also recently made the following trade(s):

• On Thursday, August 7th, Russell William Teubner purchased 2,000 shares of Simmons First National stock. The shares were purchased at an average cost of $18.63 per share, for a total transaction of $37,260.00.
• On Wednesday, July 23rd, Russell William Teubner acquired 4,050 shares of Simmons First National stock. The shares were acquired at an average price of $18.50 per share, with a total value of $74,925.00.

Simmons First National Stock Performance

Shares of Simmons First National stock traded up $0.07 during trading hours on Monday, hitting $19.02. 802,276 shares of the company's stock traded hands, compared to its average volume of 851,605. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 14.98 and a beta of 0.95. The company has a fifty day simple moving average of $19.27 and a 200-day simple moving average of $19.87. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.80 and a quick ratio of 0.80. Simmons First National Corporation has a 12-month low of $17.20 and a 12-month high of $25.95.

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 (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 firm'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. Equities research analysts anticipate that Simmons First National Corporation will post 1.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Simmons First National

Hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. lifted its holdings in Simmons First National by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 691,328 shares of the bank's stock worth $14,193,000 after purchasing an additional 17,888 shares in the last quarter. Sowell Financial Services LLC grew its holdings in Simmons First National by 7.7% during the 1st quarter. Sowell Financial Services LLC now owns 14,738 shares of the bank's stock valued at $303,000 after buying an additional 1,056 shares in the last quarter. KBC Group NV increased its position in shares of Simmons First National by 18.7% during the first quarter. KBC Group NV now owns 7,231 shares of the bank's stock valued at $148,000 after buying an additional 1,140 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Simmons First National in the first quarter worth about $1,086,000. Finally, GAMMA Investing LLC boosted its position in shares of Simmons First National by 2,047.9% in the first quarter. GAMMA Investing LLC now owns 52,023 shares of the bank's stock valued at $1,068,000 after acquiring an additional 49,601 shares during the period. Institutional investors own 27.58% of the company's stock.

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.

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