Simmons First National (NASDAQ:SFNC) Lifted to “Hold” at StockNews.com

StockNews.com upgraded shares of Simmons First National (NASDAQ:SFNC) from a sell rating to a hold rating in a research report report published on Monday morning.

A number of other equities analysts also recently issued reports on SFNC. Stephens raised Simmons First National from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $27.00 to $28.00 in a research report on Monday. Keefe, Bruyette & Woods increased their target price on shares of Simmons First National from $20.00 to $22.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Finally, Piper Sandler boosted their price target on shares of Simmons First National from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $23.00.

Simmons First National Trading Up 0.6 %

SFNC stock opened at $23.45 on Monday. The company has a market capitalization of $2.94 billion, a PE ratio of 22.99 and a beta of 0.87. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.80 and a quick ratio of 0.80. Simmons First National has a 12 month low of $13.36 and a 12 month high of $23.74. The firm’s 50-day moving average is $21.44 and its 200 day moving average is $19.38.

Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings results on Friday, October 18th. The bank reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.04. Simmons First National had a net margin of 8.94% and a return on equity of 5.15%. The firm had revenue of $203.20 million during the quarter, compared to the consensus estimate of $204.91 million. During the same quarter in the previous year, the firm posted $0.39 earnings per share. The company’s revenue was up 3.6% on a year-over-year basis. On average, research analysts anticipate that Simmons First National will post 1.3 EPS for the current year.

Insider Activity at Simmons First National

In other Simmons First National news, CAO David W. Garner sold 3,600 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $21.21, for a total transaction of $76,356.00. Following the completion of the sale, the chief accounting officer now directly owns 64,966 shares of the company’s stock, valued at approximately $1,377,928.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.91% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Simmons First National

Large investors have recently made changes to their positions in the business. Versant Capital Management Inc grew its stake in Simmons First National by 161.0% during the 2nd quarter. Versant Capital Management Inc now owns 1,843 shares of the bank’s stock worth $32,000 after buying an additional 1,137 shares during the last quarter. Farmers & Merchants Investments Inc. grew its stake in shares of Simmons First National by 2,045.5% during the second quarter. Farmers & Merchants Investments Inc. now owns 1,888 shares of the bank’s stock worth $33,000 after acquiring an additional 1,800 shares during the last quarter. Alexander Labrunerie & CO. Inc. acquired a new position in shares of Simmons First National during the third quarter valued at about $209,000. Profund Advisors LLC purchased a new position in shares of Simmons First National in the 2nd quarter valued at approximately $183,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in Simmons First National in the 1st quarter worth approximately $227,000. 27.58% of the stock is owned by institutional investors and hedge funds.

Simmons First National Company Profile

Simmons First National Corporation operates as the holding company for Simmons Bank that provides banking and other financial products and services to individuals and businesses. The company offers checking, savings, and time deposits; consumer, real estate, and commercial loans; agricultural finance, equipment, and small business administration lending; trust and fiduciary services; credit cards; investment management products; treasury management; insurance products; and securities and investment services.