Simmons First National Corporation (SFNC) is Downgraded by Sandler O’Neill to Hold

Simmons First National Corporation (SFNC) was Downgraded by Sandler O’Neill to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Sandler O’Neill advised their investors in a research report released on Apr 22, 2016.

Simmons First National Corporation closed down -0.77 points or -1.63% at $46.59 with 1,43,497 shares getting traded on Wednesday. Post opening the session at $47.5, the shares hit an intraday low of $46.435 and an intraday high of $47.73 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Feb 2, 2016, Edward Drilling (director) purchased 1,000 shares at $40.54 per share price. According to the SEC, on Jan 27, 2016, George Jr Makris (CEO) purchased 10,000 shares at $41.07 per share price. On Jan 27, 2016, Marty Casteel (SEVP) purchased 500 shares at $41.87 per share price, according to the Form-4 filing with the securities and exchange commission.

Simmons First National Corporation is a financial holding company. The Company’s subsidiary bank is Simmons First National Bank (Simmons Bank or lead bank) which is a national bank. Simmons Bank and its subsidiaries provide banking services to individuals and businesses throughout the market areas they serve. Simmons Bank offers consumer real estate and commercial loans checking savings and time deposits. It also offers products that include credit cards trust services investments agricultural finance lending equipment lending insurance consumer finance and small business administration lending. It conducts banking operations through approximately 100 branches or financial centers located in communities throughout Arkansas Missouri Tennessee and Kansas. Its loan portfolios include loans to businesses (commercial loans commercial real estate loans and agricultural loans) and individuals (consumer loans credit card loans and single-family residential real estate loans).

Simmons First National Corporation

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