Virginia Retirement Systems ET AL cut its holdings in shares of Simmons First National Corporation (NASDAQ:SFNC) by 11.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,800 shares of the bank’s stock after selling 2,000 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Simmons First National were worth $915,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in Simmons First National by 1.2% during the second quarter. BlackRock Inc. now owns 3,702,665 shares of the bank’s stock worth $195,871,000 after buying an additional 42,981 shares during the period. Vanguard Group Inc. lifted its position in Simmons First National by 1.4% during the second quarter. Vanguard Group Inc. now owns 2,546,459 shares of the bank’s stock worth $134,707,000 after buying an additional 35,149 shares during the period. Dimensional Fund Advisors LP lifted its position in Simmons First National by 11.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,462,079 shares of the bank’s stock worth $77,346,000 after buying an additional 155,118 shares during the period. State Street Corp lifted its position in Simmons First National by 0.8% during the second quarter. State Street Corp now owns 1,001,720 shares of the bank’s stock worth $52,992,000 after buying an additional 8,124 shares during the period. Finally, Fuller & Thaler Asset Management Inc. lifted its position in Simmons First National by 28.3% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 616,809 shares of the bank’s stock worth $35,713,000 after buying an additional 135,871 shares during the period. Hedge funds and other institutional investors own 51.33% of the company’s stock.

Several research firms recently weighed in on SFNC. Zacks Investment Research upgraded Simmons First National from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Tuesday, August 22nd. Stephens set a $64.00 target price on Simmons First National and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Piper Jaffray Companies reiterated a “neutral” rating and set a $60.00 target price on shares of Simmons First National in a research report on Thursday, October 5th. BidaskClub downgraded Simmons First National from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Finally, Sandler O’Neill reiterated a “hold” rating and set a $62.00 target price on shares of Simmons First National in a research report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Simmons First National has an average rating of “Hold” and an average price target of $62.40.

Simmons First National Corporation (SFNC) opened at $55.35 on Friday. The company has a market capitalization of $2,550.00, a PE ratio of 16.70 and a beta of 1.14. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.47. Simmons First National Corporation has a twelve month low of $49.75 and a twelve month high of $67.00.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.81%. Simmons First National’s dividend payout ratio (DPR) is 31.65%.

In other news, Director Christopher R. Kirkland sold 160,000 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $57.11, for a total value of $9,137,600.00. Following the transaction, the director now directly owns 76,949 shares in the company, valued at approximately $4,394,557.39. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Vernon Wilson Jr. Bryant sold 22,888 shares of the firm’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 $11,596,939.11. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 522,177 shares of company stock worth $29,366,083. Company insiders own 4.63% of the company’s stock.

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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.

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

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