Peregrine Capital Management LLC grew its position in shares of Simmons First National Corporation (NASDAQ:SFNC) by 14.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 180,898 shares of the bank’s stock after purchasing an additional 23,253 shares during the period. Peregrine Capital Management LLC owned 0.56% of Simmons First National Corporation worth $10,474,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Eaton Vance Management boosted its stake in shares of Simmons First National Corporation by 8.5% during the 2nd quarter. Eaton Vance Management now owns 62,197 shares of the bank’s stock worth $3,290,000 after purchasing an additional 4,885 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Simmons First National Corporation by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 2,511,310 shares of the bank’s stock worth $138,499,000 after purchasing an additional 138,399 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Simmons First National Corporation by 8.9% during the 1st quarter. Geode Capital Management LLC now owns 255,312 shares of the bank’s stock worth $14,080,000 after purchasing an additional 20,906 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Simmons First National Corporation by 1.2% during the 2nd quarter. BlackRock Inc. now owns 3,702,665 shares of the bank’s stock worth $195,871,000 after purchasing an additional 42,981 shares during the last quarter. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Simmons First National Corporation during the 1st quarter worth about $314,000. 52.10% of the stock is currently owned by institutional investors.

In other Simmons First National Corporation news, Director Christopher R. Kirkland sold 29,923 shares of Simmons First National Corporation stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $55.05, for a total transaction of $1,647,261.15. Following the transaction, the director now owns 228,276 shares of the company’s stock, valued at approximately $12,566,593.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christopher R. Kirkland sold 33,009 shares of Simmons First National Corporation stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $55.41, for a total value of $1,829,028.69. Following the transaction, the director now directly owns 168,276 shares in the company, valued at approximately $9,324,173.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 174,255 shares of company stock worth $9,600,999. Company insiders own 4.63% of the company’s stock.

Several research firms have issued reports on SFNC. Zacks Investment Research cut shares of Simmons First National Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Sandler O’Neill reaffirmed a “hold” rating and set a $62.00 price target on shares of Simmons First National Corporation in a research note on Tuesday, October 24th. Stephens raised shares of Simmons First National Corporation from an “equal weight” rating to a “buy” rating and raised their price target for the stock from $60.00 to $64.00 in a research note on Friday, July 21st. Raymond James Financial, Inc. raised shares of Simmons First National Corporation from an “underperform” rating to a “market perform” rating in a research note on Wednesday, July 5th. Finally, Piper Jaffray Companies reaffirmed a “neutral” rating and set a $60.00 price target on shares of Simmons First National Corporation in a research note on Thursday, October 5th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $62.40.

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About Simmons First National Corporation

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 and Tennessee.

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

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