King Luther Capital Management Corp increased its position in shares of Simmons First National Co. (NASDAQ:SFNC) by 1.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,298,141 shares of the bank’s stock after acquiring an additional 16,190 shares during the quarter. King Luther Capital Management Corp owned approximately 1.41% of Simmons First National worth $38,230,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in SFNC. BlackRock Inc. boosted its position in shares of Simmons First National by 14.1% during the 3rd quarter. BlackRock Inc. now owns 13,170,435 shares of the bank’s stock valued at $387,870,000 after acquiring an additional 1,631,285 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Simmons First National by 1.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,126,393 shares of the bank’s stock valued at $150,972,000 after acquiring an additional 59,353 shares during the last quarter. Northern Trust Corp boosted its position in shares of Simmons First National by 0.3% during the 2nd quarter. Northern Trust Corp now owns 1,381,038 shares of the bank’s stock valued at $41,294,000 after acquiring an additional 4,433 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Simmons First National by 13.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,197,113 shares of the bank’s stock valued at $35,254,000 after acquiring an additional 140,846 shares during the last quarter. Finally, Rothschild Asset Management Inc. boosted its position in shares of Simmons First National by 128.5% during the 2nd quarter. Rothschild Asset Management Inc. now owns 1,086,118 shares of the bank’s stock valued at $32,475,000 after acquiring an additional 610,825 shares during the last quarter. Institutional investors own 27.87% of the company’s stock.

A number of analysts have recently issued reports on SFNC shares. BidaskClub upgraded Simmons First National from a “hold” rating to a “buy” rating in a research report on Thursday, August 16th. Zacks Investment Research downgraded Simmons First National from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. ValuEngine downgraded Simmons First National from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 2nd. Robert W. Baird started coverage on Simmons First National in a research report on Tuesday, October 16th. They set an “outperform” rating and a $34.00 price target for the company. Finally, Stephens set a $34.00 price target on Simmons First National and gave the company a “buy” rating in a research report on Monday, October 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Simmons First National has a consensus rating of “Hold” and a consensus price target of $32.80.

In other news, EVP Patrick A. Burrow acquired 1,500 shares of Simmons First National stock in a transaction on Tuesday, November 20th. The shares were bought at an average cost of $27.65 per share, for a total transaction of $41,475.00. Following the acquisition, the executive vice president now directly owns 31,829 shares of the company’s stock, valued at approximately $880,071.85. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.76% of the company’s stock.

Shares of Simmons First National stock opened at $27.29 on Thursday. Simmons First National Co. has a 12 month low of $24.58 and a 12 month high of $33.45. The company has a market cap of $2.52 billion, a P/E ratio of 15.96 and a beta of 1.02. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.01 and a quick ratio of 1.01.

Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings results on Monday, October 22nd. The bank reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.01. Simmons First National had a return on equity of 9.66% and a net margin of 22.55%. The firm had revenue of $176.69 million for the quarter, compared to the consensus estimate of $175.20 million. Research analysts predict that Simmons First National Co. will post 2.38 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 4th. Shareholders of record on Friday, December 14th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, December 13th. This represents a $0.60 annualized dividend and a yield of 2.20%. Simmons First National’s payout ratio is currently 35.09%.

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Simmons First National Profile

Simmons First National Corporation operates as the holding company for Simmons Bank that provides financial products and services to individuals and businesses. It offers checking, savings, and time deposits; loan products, including consumer, real estate, commercial, agricultural, equipment, and SBA lending; personal and corporate trust services; credit cards; investment management products; insurance products; and securities and investment services.

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

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