Simmons First National (NASDAQ:SFNC) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Wednesday, December 20th.
A number of other equities research analysts also recently weighed in on the company. Sandler O’Neill reiterated a “hold” rating and issued a $62.00 price target on shares of Simmons First National in a report on Tuesday, October 24th. Zacks Investment Research downgraded Simmons First National from a “buy” rating to a “sell” rating in a report on Friday, October 27th. Finally, Piper Jaffray Companies reiterated a “neutral” rating and issued a $60.00 price target on shares of Simmons First National in a report on Thursday, October 5th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $62.80.
Shares of Simmons First National (SFNC) traded up $0.15 during trading hours on Wednesday, hitting $59.50. The company had a trading volume of 208,893 shares, compared to its average volume of 380,493. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.47. Simmons First National has a 1-year low of $49.75 and a 1-year high of $61.95. The stock has a market cap of $2,740.00, a P/E ratio of 18.83 and a beta of 1.14.
In other Simmons First National news, insider Vernon Wilson Jr. Bryant sold 22,888 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $54.87, for a total transaction of $1,255,864.56. Following the completion of the transaction, the insider now owns 211,353 shares in the company, valued at approximately $11,596,939.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher R. Kirkland sold 160,000 shares of the business’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $57.11, for a total value of $9,137,600.00. Following the transaction, the director now owns 76,949 shares of the company’s stock, valued at approximately $4,394,557.39. The disclosure for this sale can be found here. Insiders have sold a total of 349,122 shares of company stock valued at $19,827,028 in the last 90 days. Insiders own 4.63% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Alps Advisors Inc. raised its stake in shares of Simmons First National by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 8,371 shares of the bank’s stock worth $443,000 after buying an additional 22 shares in the last quarter. Amalgamated Bank raised its stake in shares of Simmons First National by 3.8% in the 2nd quarter. Amalgamated Bank now owns 4,122 shares of the bank’s stock worth $218,000 after buying an additional 151 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Simmons First National by 3.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,030 shares of the bank’s stock worth $372,000 after buying an additional 240 shares in the last quarter. Comerica Bank raised its position in shares of Simmons First National by 0.9% during the second quarter. Comerica Bank now owns 33,464 shares of the bank’s stock worth $1,800,000 after purchasing an additional 307 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of Simmons First National by 17.6% during the second quarter. Victory Capital Management Inc. now owns 3,182 shares of the bank’s stock worth $168,000 after purchasing an additional 476 shares during the period. 51.33% of the stock is currently owned by institutional investors.
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Simmons First National 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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