Swiss National Bank cut its position in Simmons First National Corp. (NASDAQ:SFNC) by 3.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,690 shares of the company’s stock after selling 1,400 shares during the period. Swiss National Bank owned approximately 0.15% of Simmons First National Corp. worth $2,064,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Prudential Financial Inc. increased its position in shares of Simmons First National Corp. by 22.1% in the first quarter. Prudential Financial Inc. now owns 106,862 shares of the company’s stock valued at $4,816,000 after buying an additional 19,330 shares during the period. BlackRock Group LTD increased its position in shares of Simmons First National Corp. by 4.7% in the first quarter. BlackRock Group LTD now owns 53,249 shares of the company’s stock valued at $2,399,000 after buying an additional 2,383 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in shares of Simmons First National Corp. by 2.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 740,596 shares of the company’s stock valued at $33,379,000 after buying an additional 15,330 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Simmons First National Corp. by 67.5% in the first quarter. Goldman Sachs Group Inc. now owns 107,804 shares of the company’s stock valued at $4,859,000 after buying an additional 43,447 shares during the period. Finally, Simmons Bank bought a new position in shares of Simmons First National Corp. during the first quarter valued at approximately $85,115,000. Hedge funds and other institutional investors own 23.72% of the company’s stock.

Shares of Simmons First National Corp. (NASDAQ:SFNC) traded down 0.26% during midday trading on Tuesday, hitting $49.00. 61,782 shares of the stock traded hands. Simmons First National Corp. has a 12-month low of $38.30 and a 12-month high of $58.75. The company has a market capitalization of $1.49 billion, a PE ratio of 16.21 and a beta of 1.02. The firm’s 50 day moving average price is $48.28 and its 200 day moving average price is $46.49.

Simmons First National Corp. (NASDAQ:SFNC) last released its earnings results on Wednesday, July 20th. The company reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.01. Simmons First National Corp. had a return on equity of 9.48% and a net margin of 21.34%. Analysts expect that Simmons First National Corp. will post $3.17 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Thursday, September 15th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Tuesday, September 13th. Simmons First National Corp.’s payout ratio is 31.79%.

Several brokerages have recently issued reports on SFNC. Zacks Investment Research downgraded shares of Simmons First National Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th. Stephens downgraded shares of Simmons First National Corp. from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $52.00 to $50.00 in a research note on Friday, July 22nd. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $53.00 price objective (down previously from $54.00) on shares of Simmons First National Corp. in a research note on Wednesday, June 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $51.80.

Simmons First National Corp. Company Profile

Simmons First National Corporation is a financial holding company. The Company’s subsidiary bank is Simmons First National Bank (Simmons Bank), a national bank. Simmons Bank and its subsidiaries provide banking services to individuals and businesses across the market areas they serve. Simmons Bank offers consumer, real estate and commercial loans, checking, savings and time deposits.

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