Vernon Wilson Jr. Bryant Sells 10,000 Shares of Simmons First National Co. (SFNC) Stock

Simmons First National Co. (NASDAQ:SFNC) insider Vernon Wilson Jr. Bryant sold 10,000 shares of Simmons First National stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $58.16, for a total transaction of $581,600.00. Following the sale, the insider now directly owns 165,853 shares in the company, valued at approximately $9,646,010.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Vernon Wilson Jr. Bryant also recently made the following trade(s):

  • On Friday, February 2nd, Vernon Wilson Jr. Bryant sold 5,000 shares of Simmons First National stock. The stock was sold at an average price of $59.93, for a total transaction of $299,650.00.
  • On Monday, January 29th, Vernon Wilson Jr. Bryant sold 10,000 shares of Simmons First National stock. The stock was sold at an average price of $59.40, for a total transaction of $594,000.00.
  • On Wednesday, January 31st, Vernon Wilson Jr. Bryant sold 25,000 shares of Simmons First National stock. The stock was sold at an average price of $59.19, for a total transaction of $1,479,750.00.
  • On Friday, January 26th, Vernon Wilson Jr. Bryant sold 10,000 shares of Simmons First National stock. The stock was sold at an average price of $58.77, for a total transaction of $587,700.00.
  • On Monday, November 20th, Vernon Wilson Jr. Bryant sold 22,888 shares of Simmons First National stock. The stock was sold at an average price of $54.87, for a total transaction of $1,255,864.56.

Shares of Simmons First National Co. (NASDAQ:SFNC) opened at $56.30 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.73. The stock has a market cap of $2,620.00, a price-to-earnings ratio of 20.55 and a beta of 1.16. Simmons First National Co. has a one year low of $49.75 and a one year high of $61.10.

Simmons First National (NASDAQ:SFNC) last announced its quarterly earnings results on Monday, January 22nd. The bank reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. The firm had revenue of $163.55 million for the quarter, compared to analysts’ expectations of $155.80 million. Simmons First National had a net margin of 17.41% and a return on equity of 8.28%. sell-side analysts forecast that Simmons First National Co. will post 4.65 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Thursday, March 15th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, March 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.07%. Simmons First National’s payout ratio is 36.50%.

SFNC has been the topic of several recent research reports. Zacks Investment Research cut shares of Simmons First National from a “buy” rating to a “sell” rating in a research note on Friday, October 27th. Piper Jaffray Companies set a $30.00 target price on shares of Simmons First National and gave the stock a “hold” rating in a research note on Thursday, November 16th. Sandler O’Neill set a $31.50 target price on shares of Simmons First National and gave the stock a “hold” rating in a research note on Thursday, January 4th. Finally, BidaskClub raised shares of Simmons First National from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Simmons First National currently has a consensus rating of “Hold” and a consensus price target of $31.90.

Several hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its position in shares of Simmons First National by 666.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 179,331 shares of the bank’s stock valued at $10,240,000 after acquiring an additional 155,943 shares during the last quarter. Covenant Multifamily Offices LLC acquired a new position in shares of Simmons First National during the 4th quarter valued at about $5,127,000. Wells Fargo & Company MN boosted its position in shares of Simmons First National by 46.8% during the 4th quarter. Wells Fargo & Company MN now owns 51,694 shares of the bank’s stock valued at $2,952,000 after acquiring an additional 16,488 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Simmons First National by 73.1% during the 4th quarter. First Trust Advisors LP now owns 71,209 shares of the bank’s stock valued at $4,066,000 after acquiring an additional 30,082 shares during the last quarter. Finally, Swiss National Bank boosted its position in shares of Simmons First National by 39.0% during the 4th quarter. Swiss National Bank now owns 64,643 shares of the bank’s stock valued at $3,691,000 after acquiring an additional 18,153 shares during the last quarter. 51.33% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This report was originally posted by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this report on another publication, it was stolen and republished in violation of US & international copyright laws. The legal version of this report can be read at https://sportsperspectives.com/2018/02/09/vernon-wilson-jr-bryant-sells-10000-shares-of-simmons-first-national-co-sfnc-stock.html.

About Simmons First National

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.

Insider Buying and Selling by Quarter for Simmons First National (NASDAQ:SFNC)

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