Teachers Retirement System of The State of Kentucky boosted its holdings in Simmons First National Co. (NASDAQ:SFNC) by 23.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,100 shares of the bank’s stock after purchasing an additional 2,100 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Simmons First National were worth $634,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Rowland & Co. Investment Counsel ADV bought a new position in Simmons First National in the fourth quarter valued at $107,000. Victory Capital Management Inc. grew its position in shares of Simmons First National by 28.7% in the 3rd quarter. Victory Capital Management Inc. now owns 4,094 shares of the bank’s stock valued at $237,000 after acquiring an additional 912 shares during the period. CIBC Asset Management Inc bought a new position in shares of Simmons First National in the 4th quarter valued at about $268,000. SG Americas Securities LLC bought a new position in shares of Simmons First National in the 3rd quarter valued at about $278,000. Finally, Jefferies Group LLC bought a new position in shares of Simmons First National in the 4th quarter valued at about $348,000. 14.15% of the stock is owned by institutional investors and hedge funds.
SFNC stock opened at $28.00 on Friday. Simmons First National Co. has a 12-month low of $24.88 and a 12-month high of $30.90. The company has a market cap of $2,698.36, a PE ratio of 17.31 and a beta of 1.15. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.01 and a quick ratio of 1.01.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Wednesday, March 14th. Simmons First National’s dividend payout ratio is presently 43.80%.
SFNC has been the subject of a number of analyst reports. BidaskClub raised shares of Simmons First National from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Zacks Investment Research raised shares of Simmons First National from a “sell” rating to a “hold” rating in a research report on Saturday, December 30th. Finally, Sandler O’Neill set a $31.50 price objective on shares of Simmons First National and gave the company a “hold” rating in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $31.90.
In other news, EVP Steven C. Wade sold 8,610 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $29.34, for a total transaction of $252,617.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vernon Wilson Jr. Bryant sold 10,000 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $58.77, for a total transaction of $587,700.00. Following the sale, the insider now owns 195,853 shares of the company’s stock, valued at approximately $11,510,280.81. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,610 shares of company stock valued at $4,085,217. 4.63% of the stock is currently owned by corporate insiders.
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Simmons First National Profile
Simmons First National Corporation is a financial holding company. The Company, through its subsidiary bank, Simmons Bank, provides financial services to individuals and businesses throughout the market areas they serve. As of December 31, 2016, Simmons Bank conducted banking operations through 150 financial centers located in communities throughout Arkansas, Kansas, Missouri, Tennessee, Colorado, Oklahoma and Texas.
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