Simmons First National Co. (NASDAQ:SFNC) Receives Average Recommendation of “Hold” from Analysts

Shares of Simmons First National Co. (NASDAQ:SFNC) have received an average rating of “Hold” from the seven brokerages that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $29.25.

A number of analysts have recently weighed in on the company. Stephens set a $30.00 price target on Simmons First National and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Zacks Investment Research upgraded Simmons First National from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Tuesday. BidaskClub lowered Simmons First National from a “hold” rating to a “sell” rating in a research report on Wednesday, August 28th. Finally, Sandler O’Neill raised Simmons First National from a “hold” rating to a “buy” rating and increased their target price for the stock from $26.00 to $30.00 in a research report on Thursday, August 1st.

In other news, CEO George Makris, Jr. bought 10,858 shares of Simmons First National stock in a transaction on Tuesday, August 6th. The stock was purchased at an average cost of $24.37 per share, with a total value of $264,609.46. Following the purchase, the chief executive officer now directly owns 377,243 shares of the company’s stock, valued at approximately $9,193,411.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.02% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of SFNC. Pearl River Capital LLC acquired a new position in shares of Simmons First National during the second quarter worth approximately $59,000. Marshall Wace North America L.P. acquired a new stake in Simmons First National in the 1st quarter valued at approximately $59,000. Meridian Management Co. raised its stake in Simmons First National by 5.6% during the 2nd quarter. Meridian Management Co. now owns 9,690 shares of the bank’s stock valued at $225,000 after acquiring an additional 513 shares in the last quarter. Capital Fund Management S.A. bought a new stake in Simmons First National during the 2nd quarter valued at $226,000. Finally, Balyasny Asset Management LLC acquired a new position in Simmons First National during the 2nd quarter worth $267,000. Hedge funds and other institutional investors own 20.42% of the company’s stock.

NASDAQ SFNC traded up $0.45 during trading hours on Friday, reaching $25.18. The company’s stock had a trading volume of 377,200 shares, compared to its average volume of 418,832. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. The business has a 50-day simple moving average of $24.60 and a 200 day simple moving average of $24.53. Simmons First National has a 52 week low of $22.08 and a 52 week high of $32.20. The stock has a market cap of $2.36 billion, a PE ratio of 10.62 and a beta of 1.09.

Simmons First National (NASDAQ:SFNC) last posted its earnings results on Tuesday, July 23rd. The bank reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.08. The company had revenue of $189.36 million during the quarter, compared to analyst estimates of $186.20 million. Simmons First National had a return on equity of 9.90% and a net margin of 24.55%. As a group, equities analysts predict that Simmons First National will post 2.45 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 16th will be given a $0.16 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.64 annualized dividend and a yield of 2.54%. Simmons First National’s dividend payout ratio is presently 27.00%.

Simmons First National Company Profile

Simmons First National Corporation operates as the holding company for Simmons Bank that provides financial products and services to individuals and businesses. It offers checking, savings, and time deposits; loan products, including consumer, real estate, commercial, agricultural, equipment, and SBA lending; personal and corporate trust services; credit cards; investment management products; insurance products; and securities and investment services.

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