Procore signs multi-year strategic collaboration agreement with AWS
Christopher J. Van Steenberg, Executive Vice President and Chief Operating Officer of Simmons First National Corp (NASDAQ:SFNC), purchased 13,500 shares of the company’s common stock on July 23, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The $2.8 billion market cap company has maintained dividend payments for 52 consecutive years, with 13 straight years of dividend increases, according to InvestingPro data.
The shares were bought at a price of $18.50, for a total transaction value of $249,750. The purchase was part of a directed share program related to the underwritten public offering of Simmons First National Corp common stock. Following the transaction, Van Steenberg directly owns 13,500 shares of SFNC. With five analysts recently revising earnings estimates upward and the stock currently trading below InvestingPro’s Fair Value, investors can access detailed valuation analysis and 12 additional ProTips through the comprehensive Pro Research Report available on InvestingPro.
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, which surpassed analysts’ expectations of $0.39. However, the company experienced a slight revenue miss, with actual revenue at $214.2 million compared to the anticipated $217.01 million. Additionally, 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 offering includes a 30-day option for underwriters to purchase an additional 2.43 million shares at the same price.
Moody’s Ratings confirmed Simmons First National’s Baa2 long-term local currency issuer rating and changed the outlook to stable, concluding a prior review for downgrade. Simmons Bank, the company’s banking subsidiary, also had its ratings confirmed by Moody’s. DA Davidson raised its price target for Simmons First National to $21 from $19, citing better-than-expected second-quarter results, including stronger revenue from spread and fees, lower expenses, and a reduced provision. These developments reflect recent activities and assessments of Simmons First National Corporation.
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