California Public Employees Retirement System Increases Stake in Simmons First National Corporation (SFNC)

California Public Employees Retirement System increased its position in Simmons First National Corporation (NASDAQ:SFNC) by 5.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,400 shares of the bank’s stock after purchasing an additional 800 shares during the period. California Public Employees Retirement System owned approximately 0.05% of Simmons First National Corporation worth $868,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SFNC. UBS Asset Management Americas Inc. boosted its stake in Simmons First National Corporation by 62.4% in the 1st quarter. UBS Asset Management Americas Inc. now owns 14,451 shares of the bank’s stock worth $797,000 after purchasing an additional 5,550 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in Simmons First National Corporation by 9.2% in the 1st quarter. Parametric Portfolio Associates LLC now owns 24,875 shares of the bank’s stock worth $1,372,000 after purchasing an additional 2,104 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in Simmons First National Corporation by 58.1% in the 1st quarter. OppenheimerFunds Inc. now owns 6,311 shares of the bank’s stock worth $348,000 after purchasing an additional 2,319 shares in the last quarter. Teachers Advisors LLC boosted its stake in Simmons First National Corporation by 2.6% in the 1st quarter. Teachers Advisors LLC now owns 49,779 shares of the bank’s stock worth $2,745,000 after purchasing an additional 1,239 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Simmons First National Corporation by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 2,511,310 shares of the bank’s stock worth $138,499,000 after purchasing an additional 138,399 shares in the last quarter. Institutional investors own 51.33% of the company’s stock.

A number of equities analysts recently issued reports on SFNC shares. Stephens upgraded shares of Simmons First National Corporation from an “equal weight” rating to a “buy” rating and upped their price target for the stock from $60.00 to $64.00 in a research note on Friday, July 21st. Zacks Investment Research upgraded shares of Simmons First National Corporation from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Wednesday, July 26th. BidaskClub cut shares of Simmons First National Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Piper Jaffray Companies reiterated a “neutral” rating and issued a $60.00 price target on shares of Simmons First National Corporation in a research note on Thursday, October 5th. Finally, Sandler O’Neill reiterated a “hold” rating and issued a $62.00 price target on shares of Simmons First National Corporation in a research note on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Simmons First National Corporation presently has an average rating of “Hold” and an average price target of $62.40.

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In other Simmons First National Corporation news, Director Christopher R. Kirkland sold 29,923 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $55.05, for a total transaction of $1,647,261.15. Following the transaction, the director now owns 228,276 shares in the company, valued at approximately $12,566,593.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Barry K. Ledbetter sold 1,900 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $57.37, for a total transaction of $109,003.00. The disclosure for this sale can be found here. Insiders have sold a total of 179,289 shares of company stock worth $9,889,418 in the last 90 days. Company insiders own 4.63% of the company’s stock.

Simmons First National Corporation (SFNC) opened at $55.80 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $2,553.63, a PE ratio of 16.73 and a beta of 1.16. Simmons First National Corporation has a one year low of $49.75 and a one year high of $67.00.

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

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