Investigation Overview
February 1, 2017 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Simmons First National Corporation (NASDAQ:SFNC) was announced over potential breaches of fiduciary duties by certain officers and directors at Simmons First National.
The investigation by a law firm concerns whether certain Simmons First National directors breached their fiduciary duties and caused damage to the company and its shareholders.
Pine Bluff, AR based Simmons First National Corporation's subsidiary bank is Simmons First National Bank, a national bank that provide banking services to individuals and businesses across the market areas they serve
Shares of Simmons First National Corporation (NASDAQ:SFNC) grew from $40.92 per share in February 20156 to as high as $66.40 per share in December 2016.
On February 1, 2017, NASDAQ:SFNC shares closed at $60.60 per share.