Procore signs multi-year strategic collaboration agreement with AWS
James M. Brogdon, President of SIMMONS FIRST NATIONAL CORP (NASDAQ:SFNC), acquired 7,550 shares of the company’s common stock on July 23, 2025, at a price of $18.50 per share, for a total transaction value of $139,675. The purchase price represents an attractive entry point for the $2.8 billion market cap company, which according to InvestingPro analysis, is currently trading above its Fair Value.
The purchase was made through a directed share program related to the underwritten public offering of SIMMONS FIRST NATIONAL CORP common stock. Following the transaction, Brogdon directly owns 53,703 shares of SFNC. The company boasts a strong dividend track record, having maintained payments for 52 consecutive years and raised them for 13 straight years, with a current yield of 4.3%. For deeper insights into SFNC’s financial health and growth prospects, including additional ProTips and comprehensive analysis, visit InvestingPro.
In other recent news, Simmons First National Corporation reported its financial results for the second quarter of 2025, achieving an earnings per share (EPS) of $0.44, surpassing analysts’ expectations of $0.39. However, the company’s revenue slightly missed projections, coming in at $214.2 million against a forecast of $217.01 million. In a significant development, Simmons First National also 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. Moody’s Ratings confirmed the company’s Baa2 long-term local currency issuer rating and changed the outlook to stable, concluding a review for downgrade initiated earlier this year. Additionally, DA Davidson raised its price target for Simmons First National to $21.00 from $19.00, maintaining a Neutral rating, citing stronger-than-expected second-quarter results. The firm highlighted Simmons First National’s improved revenue from both spread and fees, along with lower expenses and a reduced provision. The stock offering is managed by joint book-running managers Stephens Inc., Keefe, Bruyette & Woods, and Morgan Stanley (NYSE:MS). These developments reflect a period of strategic financial adjustments for the company.
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