Rowland & Co. Investment Counsel ADV bought a new position in Simmons First National Co. (NASDAQ:SFNC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,875 shares of the bank’s stock, valued at approximately $107,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SFNC. Mesirow Financial Investment Management Equity Management acquired a new position in Simmons First National in the 3rd quarter worth about $21,454,000. Dimensional Fund Advisors LP grew its position in shares of Simmons First National by 11.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,462,079 shares of the bank’s stock valued at $77,346,000 after buying an additional 155,118 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its position in shares of Simmons First National by 28.3% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 616,809 shares of the bank’s stock valued at $35,713,000 after buying an additional 135,871 shares during the last quarter. Voya Investment Management LLC grew its position in shares of Simmons First National by 21.9% in the 2nd quarter. Voya Investment Management LLC now owns 403,015 shares of the bank’s stock valued at $21,320,000 after buying an additional 72,530 shares during the last quarter. Finally, Maltese Capital Management LLC bought a new stake in shares of Simmons First National in the 3rd quarter valued at about $3,642,000. 51.33% of the stock is owned by institutional investors and hedge funds.

In related news, Director Christopher R. Kirkland sold 160,000 shares of the company’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $57.11, for a total transaction of $9,137,600.00. Following the sale, the director now owns 76,949 shares in the company, valued at approximately $4,394,557.39. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Vernon Wilson Jr. Bryant sold 22,888 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $54.87, for a total value of $1,255,864.56. Following the sale, the insider now owns 211,353 shares in the company, valued at approximately $11,596,939.11. The disclosure for this sale can be found here. Insiders sold a total of 349,122 shares of company stock worth $19,827,028 in the last quarter. Corporate insiders own 4.63% of the company’s stock.

Simmons First National Co. (NASDAQ:SFNC) traded up $1.10 during midday trading on Thursday, hitting $59.35. The company’s stock had a trading volume of 208,536 shares, compared to its average volume of 235,079. Simmons First National Co. has a 1 year low of $49.75 and a 1 year high of $61.95. The company has a market cap of $2,700.00, a price-to-earnings ratio of 18.78 and a beta of 1.14. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.90 and a quick ratio of 0.90.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th were given a $0.25 dividend. The ex-dividend date was Thursday, December 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.68%. Simmons First National’s dividend payout ratio (DPR) is presently 31.65%.

A number of equities research analysts have commented on SFNC shares. Piper Jaffray Companies set a $60.00 price target on Simmons First National and gave the company a “hold” rating in a research report on Thursday, November 16th. Zacks Investment Research lowered Simmons First National from a “buy” rating to a “hold” rating in a research report on Saturday, September 30th. BidaskClub lowered Simmons First National from a “hold” rating to a “sell” rating in a research report on Saturday, December 30th. Finally, Sandler O’Neill reiterated a “hold” rating and issued a $62.00 price target on shares of Simmons First National in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $62.60.

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Simmons First National Company 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 (NASDAQ:SFNC)

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