RBC Cuts Stake in Simmons First National by 56.7%

Royal Bank of Canada (RBC) decreased its holdings in Simmons First National Corporation (NASDAQ:SFNC) by 56.7% during the first quarter, according to a recent SEC filing.

The fund owned 40,458 shares after selling 52,953 shares during the quarter, and RBC's stakes in SFNC were valued at $787,000 at the end of the reporting period.

This is not an isolated case; other large investors have also been buying and selling shares of Simmons First National Corporation. AQR Capital Management LLC raised its holdings by 271.3% in the first quarter and now owns 158,856 shares valued at $3,261,000.

The company's stock opened at $23.01 on Friday, with a market capitalization of $3.33 billion, a PE ratio of -9.09, and a beta of 0.91. Simmons First National Corporation has a debt-to-equity ratio of 0.36, a quick ratio of 0.92, and a current ratio of 0.93.