Principal Financial Group Inc. Has $13.18 Million Holdings in Simmons First National Corporation (SFNC)

Principal Financial Group Inc. boosted its position in shares of Simmons First National Corporation (NASDAQ:SFNC) by 5.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 249,137 shares of the bank’s stock after buying an additional 13,661 shares during the period. Principal Financial Group Inc. owned approximately 0.78% of Simmons First National Corporation worth $13,180,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Elkfork Partners LLC grew its stake in Simmons First National Corporation by 16.1% during the first quarter. Elkfork Partners LLC now owns 2,016 shares of the bank’s stock worth $111,000 after buying an additional 280 shares in the last quarter. Meadow Creek Investment Management LLC grew its stake in Simmons First National Corporation by 16.1% during the first quarter. Meadow Creek Investment Management LLC now owns 2,448 shares of the bank’s stock worth $135,000 after buying an additional 340 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Simmons First National Corporation during the first quarter worth about $140,000. Victory Capital Management Inc. grew its stake in Simmons First National Corporation by 23.8% during the first quarter. Victory Capital Management Inc. now owns 2,706 shares of the bank’s stock worth $149,000 after buying an additional 521 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in Simmons First National Corporation by 24.6% during the first quarter. SG Americas Securities LLC now owns 3,598 shares of the bank’s stock worth $198,000 after buying an additional 710 shares in the last quarter. Hedge funds and other institutional investors own 25.87% of the company’s stock.

SFNC has been the topic of a number of analyst reports. ValuEngine downgraded shares of Simmons First National Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded shares of Simmons First National Corporation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 21st. BidaskClub upgraded shares of Simmons First National Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 21st. Stephens upgraded shares of Simmons First National Corporation from an “equal weight” rating to a “buy” rating and increased their price objective for the stock from $60.00 to $64.00 in a research note on Friday, July 21st. Finally, Raymond James Financial, Inc. upgraded shares of Simmons First National Corporation from an “underperform” rating to a “market perform” rating in a research note on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $61.25.

In other Simmons First National Corporation news, Director Eugene Hunt sold 1,200 shares of Simmons First National Corporation stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $51.62, for a total transaction of $61,944.00. Following the completion of the transaction, the director now owns 4,030 shares of the company’s stock, valued at approximately $208,028.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher R. Kirkland sold 29,923 shares of Simmons First National Corporation stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $55.05, for a total value of $1,647,261.15. Following the transaction, the director now directly owns 228,276 shares of the company’s stock, valued at approximately $12,566,593.80. The disclosure for this sale can be found here. Insiders have sold a total of 31,793 shares of company stock valued at $1,746,055 in the last ninety days. Insiders own 4.63% of the company’s stock.

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Shares of Simmons First National Corporation (SFNC) opened at 55.55 on Thursday. The firm’s 50-day moving average is $52.66 and its 200-day moving average is $53.33. The firm has a market capitalization of $1.79 billion, a P/E ratio of 18.35 and a beta of 1.14. Simmons First National Corporation has a 52 week low of $45.90 and a 52 week high of $67.00.

Simmons First National Corporation (NASDAQ:SFNC) last posted its earnings results on Wednesday, July 19th. The bank reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.04. The business had revenue of $112.56 million during the quarter, compared to analyst estimates of $110.00 million. Simmons First National Corporation had a return on equity of 8.71% and a net margin of 21.03%. Equities analysts anticipate that Simmons First National Corporation will post $3.12 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Thursday, September 14th. Simmons First National Corporation’s payout ratio is presently 33.00%.

Simmons First National Corporation Company 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 and Tennessee.

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Institutional Ownership by Quarter for Simmons First National Corporation (NASDAQ:SFNC)

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