Endeavour Capital Advisors Inc. acquired a new position in shares of Simmons First National Co. (NASDAQ:SFNC) in the 4th quarter, Holdings Channel reports. The fund acquired 100,595 shares of the bank’s stock, valued at approximately $5,744,000. Simmons First National makes up 2.3% of Endeavour Capital Advisors Inc.’s holdings, making the stock its 16th biggest position.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of SFNC. California Public Employees Retirement System boosted its stake in Simmons First National by 5.1% during the second quarter. California Public Employees Retirement System now owns 16,400 shares of the bank’s stock worth $868,000 after buying an additional 800 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Simmons First National during the second quarter worth $477,000. Aperio Group LLC boosted its stake in shares of Simmons First National by 45.9% during the third quarter. Aperio Group LLC now owns 6,460 shares of the bank’s stock valued at $374,000 after purchasing an additional 2,031 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in shares of Simmons First National during the third quarter valued at $368,000. Finally, Victory Capital Management Inc. boosted its stake in shares of Simmons First National by 28.7% during the third quarter. Victory Capital Management Inc. now owns 4,094 shares of the bank’s stock valued at $237,000 after purchasing an additional 912 shares during the period. 15.05% of the stock is owned by institutional investors.
Shares of Simmons First National Co. (SFNC) opened at $30.45 on Monday. The stock has a market cap of $2,807.27, a price-to-earnings ratio of 18.02 and a beta of 1.15. Simmons First National Co. has a one year low of $24.88 and a one year high of $30.50. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.01 and a current ratio of 1.01.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Thursday, March 15th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.97%. Simmons First National’s payout ratio is currently 36.50%.
A number of brokerages have recently issued reports on SFNC. BidaskClub lowered shares of Simmons First National from a “hold” rating to a “sell” rating in a research note on Friday, January 19th. Zacks Investment Research lowered shares of Simmons First National from a “buy” rating to a “hold” rating in a research note on Wednesday, February 14th. Sandler O’Neill set a $31.50 target price on shares of Simmons First National and gave the company a “hold” rating in a research note on Thursday, January 4th. Finally, Piper Jaffray Companies set a $30.00 target price on shares of Simmons First National and gave the company a “hold” rating in a research note on Thursday, November 16th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $31.90.
In other news, CEO George Makris, Jr. acquired 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The stock was purchased at an average cost of $58.10 per share, for a total transaction of $145,250.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Vernon Wilson Jr. Bryant sold 25,000 shares of Simmons First National stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $59.19, for a total value of $1,479,750.00. Following the completion of the sale, the insider now owns 185,853 shares of the company’s stock, valued at $11,000,639.07. The disclosure for this sale can be found here. Insiders sold 78,610 shares of company stock valued at $4,085,217 over the last 90 days. 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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