Zacks Investment Research downgraded shares of Simmons First National (NASDAQ:SFNC) from a buy rating to a hold rating in a report published on Wednesday.
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. “
Several other equities analysts have also commented on SFNC. BidaskClub upgraded shares of Simmons First National from a sell rating to a hold rating in a research note on Wednesday, December 20th. Sandler O’Neill set a $31.50 price target on shares of Simmons First National and gave the company a hold rating in a research note on Thursday, January 4th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $31.70.
Shares of Simmons First National stock opened at $27.90 on Wednesday. The company has a market capitalization of $2,647.62, a price-to-earnings ratio of 16.98 and a beta of 1.15. Simmons First National has a 52 week low of $24.88 and a 52 week high of $30.90. 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 the Thomson Reuters’ consensus estimate of $0.45 by $0.03. The company had revenue of $163.55 million for the quarter, compared to analyst estimates of $155.80 million. Simmons First National had a net margin of 17.41% and a return on equity of 8.28%. analysts anticipate that Simmons First National will post 2.31 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 5th. Stockholders of record on Thursday, March 15th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Wednesday, March 14th. Simmons First National’s payout ratio is currently 35.09%.
In other news, insider Vernon Wilson Jr. Bryant sold 25,000 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $59.19, for a total value of $1,479,750.00. Following the completion of the sale, the insider now directly owns 185,853 shares of the company’s stock, valued at $11,000,639.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George Makris, Jr. acquired 2,500 shares of the firm’s stock in a transaction dated Thursday, January 25th. The stock was purchased at an average cost of $58.10 per share, with a total value of $145,250.00. The disclosure for this purchase can be found here. Insiders sold 78,610 shares of company stock valued at $4,085,217 over the last three months. Corporate insiders own 2.76% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Rowland & Co. Investment Counsel ADV acquired a new stake in shares of Simmons First National in the fourth quarter valued at approximately $107,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Simmons First National during the fourth quarter worth $242,000. CIBC Asset Management Inc acquired a new stake in shares of Simmons First National during the fourth quarter worth $268,000. SG Americas Securities LLC acquired a new stake in shares of Simmons First National during the third quarter worth $278,000. Finally, Jefferies Group LLC acquired a new stake in shares of Simmons First National during the fourth quarter worth $348,000. 14.14% of the stock is owned by institutional investors and hedge funds.
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About Simmons First National
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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