BlackRock Amends Simmons First National Corp Stake
Ticker: SFNC · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 90498
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, banking
TL;DR
**BlackRock updated its stake in Simmons First National Corp, showing continued institutional interest.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 23, 2024, indicating a change in their ownership of Simmons First National Corporation's Class A Common Stock as of December 31, 2023. This amendment, number 2, shows BlackRock continues to be a significant institutional holder, which can signal confidence in the company's long-term prospects. For investors, BlackRock's continued substantial stake suggests that a major institutional player sees value in Simmons First National Corporation, potentially influencing other investors' perceptions and the stock's stability.
Why It Matters
This filing shows BlackRock, a major institutional investor, still holds a significant position in Simmons First National Corporation, which can be a vote of confidence for current and prospective shareholders.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
An investor should note that BlackRock's continued ownership suggests institutional confidence, but this filing alone doesn't provide enough detail to make a buy/sell decision. Further analysis of BlackRock's specific ownership percentage and any changes from the previous filing would be necessary.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- Simmons First National Corporation (company) — the issuer of the Class A Common Stock
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the filing date of the SC 13G/A
- Class A Common Stock (company) — the type of securities held by BlackRock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 2)'.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as stated under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY' section.
What is the subject company of this filing?
The subject company, or issuer, is SIMMONS FIRST NATIONAL CORPORATION, as identified under 'SUBJECT COMPANY: COMPANY CONFORMED NAME: SIMMONS FIRST NATIONAL CORP' and '(Name of Issuer) SIMMONS FIRST NATIONAL CORPORATION'.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Class A Common Stock of Simmons First National Corporation is 828730200, as listed under 'CUSIP No. 828730200' and '(CUSIP Number) 828730200'.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding SIMMONS FIRST NATIONAL CORP (SFNC).