Shares of Simmons First National Co. (NASDAQ:SFNC) have been given a consensus rating of “Hold” by the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $31.63.
A number of equities analysts recently commented on SFNC shares. Zacks Investment Research raised Simmons First National from a “sell” rating to a “hold” rating in a research note on Saturday, December 30th. Sandler O’Neill set a $31.50 price target on Simmons First National and gave the company a “hold” rating in a research note on Thursday, January 4th. BidaskClub lowered Simmons First National from a “hold” rating to a “sell” rating in a research note on Saturday, December 30th. Finally, Piper Jaffray Companies set a $30.00 price objective on Simmons First National and gave the company a “hold” rating in a research note on Thursday, November 16th.
In related news, CEO George Makris, Jr. acquired 2,500 shares of the stock in a transaction dated Thursday, January 25th. The stock was acquired at an average cost of $58.10 per share, with a total value of $145,250.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Christopher R. Kirkland sold 160,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $57.11, for a total value of $9,137,600.00. Following the completion of the sale, the director now directly owns 76,949 shares of the company’s stock, valued at $4,394,557.39. The disclosure for this sale can be found here. Insiders sold a total of 390,000 shares of company stock valued at $22,053,400 over the last ninety days. Corporate insiders own 4.63% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. MetLife Investment Advisors LLC bought a new stake in shares of Simmons First National during the 4th quarter worth approximately $1,081,000. Municipal Employees Retirement System of Michigan lifted its stake in shares of Simmons First National by 22.0% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 14,790 shares of the bank’s stock worth $845,000 after acquiring an additional 2,670 shares during the last quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. lifted its stake in shares of Simmons First National by 294.1% during the 4th quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 15,862 shares of the bank’s stock worth $906,000 after acquiring an additional 11,837 shares during the last quarter. Meadow Creek Investment Management LLC lifted its stake in shares of Simmons First National by 37.9% during the 4th quarter. Meadow Creek Investment Management LLC now owns 6,800 shares of the bank’s stock worth $388,000 after acquiring an additional 1,870 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. bought a new stake in shares of Simmons First National during the 4th quarter worth approximately $514,000. 16.77% of the stock is owned by hedge funds and other institutional investors.
Simmons First National (SFNC) opened at $29.50 on Tuesday. Simmons First National has a one year low of $24.88 and a one year high of $30.25. The company has a market capitalization of $2,716.42, a P/E ratio of 21.53 and a beta of 1.16. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.01 and a current ratio of 1.01.
Simmons First National (NASDAQ:SFNC) last announced its quarterly earnings results on Monday, January 22nd. The bank reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. Simmons First National had a return on equity of 8.28% and a net margin of 17.41%. The company had revenue of $163.55 million during the quarter, compared to analyst estimates of $155.80 million. equities analysts anticipate that Simmons First National will post 2.3 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Thursday, March 15th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Wednesday, March 14th. Simmons First National’s payout ratio is 36.50%.
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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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