Simmons First National Corporation (NASDAQ:SFNC) received a $60.00 price objective from stock analysts at Piper Jaffray Companies in a report released on Thursday. The brokerage presently has a “hold” rating on the bank’s stock. Piper Jaffray Companies’ price objective indicates a potential upside of 8.79% from the stock’s current price.
Other equities research analysts have also issued research reports about the company. Zacks Investment Research raised Simmons First National Corporation from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Tuesday, August 22nd. Stephens set a $64.00 price objective on Simmons First National Corporation and gave the company a “buy” rating in a report on Tuesday, August 15th. Sandler O’Neill reiterated a “hold” rating and issued a $62.00 price objective on shares of Simmons First National Corporation in a report on Tuesday, October 24th. Finally, BidaskClub downgraded Simmons First National Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Two equities 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 company. The stock presently has a consensus rating of “Hold” and a consensus target price of $62.40.
Shares of Simmons First National Corporation (SFNC) traded down $0.20 on Thursday, hitting $55.15. The company had a trading volume of 207,000 shares, compared to its average volume of 165,483. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market capitalization of $2,544.44, a PE ratio of 16.67 and a beta of 1.16. Simmons First National Corporation has a 52-week low of $49.75 and a 52-week high of $67.00.
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In other Simmons First National Corporation news, Director Christopher R. Kirkland sold 29,923 shares of the business’s stock in a transaction dated Tuesday, September 19th. The stock was 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 of the company’s stock, valued at $12,566,593.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Christopher R. Kirkland sold 50,000 shares of the business’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $55.12, for a total value of $2,756,000.00. Following the transaction, the director now owns 208,276 shares in the company, valued at approximately $11,480,173.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 179,289 shares of company stock valued at $9,889,418. 4.63% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. Riverhead Capital Management LLC lifted its stake in shares of Simmons First National Corporation by 63.9% in the second quarter. Riverhead Capital Management LLC now owns 2,131 shares of the bank’s stock worth $113,000 after acquiring an additional 831 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Simmons First National Corporation by 17.6% in the second quarter. Victory Capital Management Inc. now owns 3,182 shares of the bank’s stock valued at $168,000 after buying an additional 476 shares during the last quarter. Amalgamated Bank increased its holdings in Simmons First National Corporation by 3.8% in the second quarter. Amalgamated Bank now owns 4,122 shares of the bank’s stock valued at $218,000 after buying an additional 151 shares during the last quarter. Ifrah Financial Services Inc. bought a new stake in Simmons First National Corporation in the third quarter valued at about $246,000. Finally, Aperio Group LLC bought a new stake in Simmons First National Corporation in the second quarter valued at about $234,000. Institutional investors and hedge funds own 51.33% 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, Tennessee, Colorado, Oklahoma and Texas.
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