Trading Report: Today, Texas Permanent School Fund Increases Stake in Simmons First National Corp. (SFNC)

Today, Texas Permanent School Fund Increases Stake in Simmons First National Corp. (SFNC)

Texas Permanent School Fund boosted its position in Simmons First National Corp. (NASDAQ:SFNC) by 0.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,013 shares of the company’s stock after buying an additional 157 shares during the period. Texas Permanent School Fund owned about 0.07% of Simmons First National Corp. worth $1,098,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System boosted its position in shares of Simmons First National Corp. by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 12,700 shares of the company’s stock worth $587,000 after buying an additional 100 shares during the period. Horrell Capital Management Inc. boosted its position in shares of Simmons First National Corp. by 0.5% in the third quarter. Horrell Capital Management Inc. now owns 26,990 shares of the company’s stock worth $1,347,000 after buying an additional 128 shares during the period. PineBridge Investments L.P. boosted its position in shares of Simmons First National Corp. by 4.0% in the second quarter. PineBridge Investments L.P. now owns 3,626 shares of the company’s stock worth $167,000 after buying an additional 138 shares during the period. GSA Capital Partners LLP boosted its position in shares of Simmons First National Corp. by 2.1% in the second quarter. GSA Capital Partners LLP now owns 9,834 shares of the company’s stock worth $454,000 after buying an additional 200 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in shares of Simmons First National Corp. by 5.1% in the second quarter. Nisa Investment Advisors LLC now owns 4,100 shares of the company’s stock worth $189,000 after buying an additional 200 shares during the period. 30.58% of the stock is currently owned by institutional investors and hedge funds.

Simmons First National Corp. (NASDAQ:SFNC) remained flat at $60.00 during trading on Friday. 65,192 shares of the company’s stock were exchanged. Simmons First National Corp. has a 12-month low of $38.30 and a 12-month high of $60.60. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 19.57 and a beta of 0.90. The stock’s 50 day moving average is $52.51 and its 200-day moving average is $48.74.

SFNC has been the subject of a number of recent research reports. Zacks Investment Research upgraded Simmons First National Corp. from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Tuesday, October 11th. Keefe, Bruyette & Woods cut Simmons First National Corp. from an “outperform” rating to a “market perform” rating and set a $51.00 target price for the company. in a report on Wednesday, October 26th. Finally, Sandler O’Neill cut Simmons First National Corp. from a “hold” rating to a “sell” rating in a report on Tuesday.

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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