Simmons First National Corporation (SFNC) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research lowered shares of Simmons First National Corporation (NASDAQ:SFNC) from a buy rating to a sell rating in a research report report published on Friday morning.

According to Zacks, “SIMMONS FIRST NATIONAL CORP bank holding company registered under the Bank Holding Act of 1956. Through its subsidiaries, Co. provides a full range of banking and mortgage services to individual and corporate customers. “

SFNC has been the subject of a number of other research reports. BidaskClub lowered shares of Simmons First National Corporation from a hold rating to a sell rating in a research note on Thursday, August 24th. Piper Jaffray Companies reiterated a neutral rating and set a $60.00 target price on shares of Simmons First National Corporation in a research note on Thursday, October 5th. Stephens set a $64.00 target price on shares of Simmons First National Corporation and gave the company a buy rating in a research note on Tuesday, August 15th. Raymond James Financial, Inc. upgraded shares of Simmons First National Corporation from an underperform rating to a market perform rating in a research note on Wednesday, July 5th. Finally, Sandler O’Neill reiterated a hold rating and set a $62.00 target price on shares of Simmons First National Corporation in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Simmons First National Corporation has a consensus rating of Hold and a consensus target price of $62.40.

Shares of Simmons First National Corporation (NASDAQ SFNC) traded up 0.93% on Friday, hitting $59.50. 206,834 shares of the stock traded hands. The firm’s 50-day moving average is $57.21 and its 200 day moving average is $53.88. Simmons First National Corporation has a 12-month low of $47.75 and a 12-month high of $67.00. The firm has a market cap of $1.92 billion, a P/E ratio of 19.65 and a beta of 1.15.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://www.dispatchtribunal.com/2017/10/28/simmons-first-national-corporation-sfnc-downgraded-by-zacks-investment-research-to-sell.html.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.00 annualized dividend and a yield of 1.68%. Simmons First National Corporation’s payout ratio is 31.65%.

In other Simmons First National Corporation news, Director Christopher R. Kirkland sold 29,923 shares of the business’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $55.05, for a total transaction of $1,647,261.15. Following the completion of the sale, the director now owns 228,276 shares in the company, valued at $12,566,593.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Christopher R. Kirkland sold 33,009 shares of the business’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $55.41, for a total transaction of $1,829,028.69. Following the sale, the director now owns 168,276 shares of the company’s stock, valued at approximately $9,324,173.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 174,255 shares of company stock valued at $9,600,999. 4.63% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in shares of Simmons First National Corporation by 1.2% during the second quarter. BlackRock Inc. now owns 3,702,665 shares of the bank’s stock valued at $195,871,000 after acquiring an additional 42,981 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Simmons First National Corporation by 1.4% during the second quarter. Vanguard Group Inc. now owns 2,546,459 shares of the bank’s stock valued at $134,707,000 after acquiring an additional 35,149 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Simmons First National Corporation by 11.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,462,079 shares of the bank’s stock valued at $77,346,000 after acquiring an additional 155,118 shares during the period. State Street Corp boosted its holdings in shares of Simmons First National Corporation by 0.8% during the second quarter. State Street Corp now owns 1,001,720 shares of the bank’s stock valued at $52,992,000 after acquiring an additional 8,124 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Simmons First National Corporation by 3.4% during the second quarter. Northern Trust Corp now owns 515,270 shares of the bank’s stock valued at $27,258,000 after acquiring an additional 17,069 shares during the period. Hedge funds and other institutional investors own 52.10% of the company’s stock.

Simmons First National Corporation Company Profile

Simmons First National Corporation is a financial holding company. The Company, through its subsidiary bank, Simmons Bank, provides financial services to individuals and businesses throughout the market areas they serve. As of December 31, 2016, Simmons Bank conducted banking operations through 150 financial centers located in communities throughout Arkansas, Kansas, Missouri and Tennessee.

Analyst Recommendations for Simmons First National Corporation (NASDAQ:SFNC)

Receive News & Ratings for Simmons First National Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simmons First National Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply