The Chairman & CEO of Simmons 1st Nat’l (NASDAQ: SFNC) is Buying Shares

By Carrie Williams

Today, the Chairman & CEO of Simmons 1st Nat’l (NASDAQ: SFNC), George Makris, bought shares of SFNC for $104K.

In addition to George Makris, 9 other SFNC executives reported Buy trades in the last month. This is Makris’ first Buy trade following 3 Sell transactions.

Based on Simmons 1st Nat’l’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $108 million and quarterly net profit of $22.12 million. In comparison, last year the company earned revenue of $105 million and had a net profit of $23.51 million. The company has a one year high of $67 and a one year low of $42.54. SFNC’s market cap is $1.65B and the company has a P/E ratio of 17.16.

Based on 4 analyst ratings, the analyst consensus is Hold with an average price target of $61.5, reflecting a -14.1% downside. Four different firms, including KBW and Raymond James, currently also have a Buy rating on the stock.

In the last 30 days, insiders have sold $380.4K worth of SFNC shares and purchased $393.4K worth of SFNC shares. The insider sentiment on Simmons 1st Nat’l has been positive according to 99 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Simmons First National Corp. operates as a bank holding company. The company’s services include consumer, real estate & commercial loans, checking, savings & time deposits, trust & investment management services and securities & investment services. Simmons First National was founded in 1903 and is headquartered in Pine Bluff, AR.