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Charles Daniel Hobbs, Executive Vice President and CFO at Simmons First National Corp (NASDAQ:SFNC), acquired 5,400 shares of the company’s common stock on July 23, 2025.
The shares were purchased at a price of $18.50, for a total transaction value of $99,900. Following the transaction, Hobbs directly owns 10,213 shares of Simmons First National Corp. The company boasts a strong dividend track record, having maintained payments for 52 consecutive years with 13 years of consecutive raises, currently yielding 4.32%.
The purchase was part of a directed share program related to a public offering of Simmons First National Corp common stock. According to InvestingPro analysis, which offers comprehensive research reports for over 1,400 US stocks, SFNC currently trades near its Fair Value, with analyst targets suggesting potential upside.
In other recent news, Simmons First National Corporation reported its financial results for the second quarter of 2025, achieving an earnings per share of $0.44, surpassing analysts’ expectations of $0.39. However, the company experienced a slight revenue shortfall, with actual revenue at $214.2 million compared to the anticipated $217.01 million. In a significant development, Simmons First National has priced a public offering of 16.22 million shares of its Class A common stock at $18.50 per share, raising approximately $300.07 million. The company has also granted underwriters a 30-day option to purchase up to an additional 2.43 million shares at the same price.
In terms of analyst activity, DA Davidson raised its price target for Simmons First National to $21 from $19, while maintaining a Neutral rating, citing stronger-than-expected second-quarter results. Additionally, Moody’s confirmed Simmons First National’s Baa2 long-term local currency issuer rating and changed the outlook to stable, concluding a review for downgrade initiated earlier. The rating agency also confirmed the Baa2 long-term local currency issuer rating and baa1 baseline credit assessment of Simmons Bank, the company’s banking subsidiary. These developments reflect a period of strategic financial activities and analyst reassessments for Simmons First National.
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