Shares of Simmons First National Co. (NASDAQ:SFNC) have been given an average recommendation of “Hold” by the eight research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $31.63.
Several research analysts have issued reports on the company. Zacks Investment Research lowered Simmons First National from a “hold” rating to a “sell” rating in a research report on Wednesday. BidaskClub upgraded Simmons First National from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Finally, Sandler O’Neill upgraded Simmons First National from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Wednesday, January 24th.
In other news, insider Vernon Wilson Jr. Bryant sold 10,000 shares of Simmons First National stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $28.99, for a total transaction of $289,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO George Makris, Jr. purchased 2,500 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were bought 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 have sold 78,610 shares of company stock valued at $4,085,217 in the last 90 days. Company insiders own 4.63% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in shares of Simmons First National by 28.7% during the third quarter. Victory Capital Management Inc. now owns 4,094 shares of the bank’s stock valued at $237,000 after acquiring an additional 912 shares in the last quarter. Strs Ohio raised its stake in shares of Simmons First National by 1.5% during the fourth quarter. Strs Ohio now owns 76,100 shares of the bank’s stock valued at $4,345,000 after acquiring an additional 1,100 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Simmons First National by 22.6% during the fourth quarter. State of Alaska Department of Revenue now owns 7,807 shares of the bank’s stock valued at $445,000 after acquiring an additional 1,440 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Simmons First National by 22.9% during the fourth quarter. Crossmark Global Holdings Inc. now owns 7,807 shares of the bank’s stock valued at $446,000 after acquiring an additional 1,457 shares in the last quarter. Finally, American International Group Inc. raised its stake in shares of Simmons First National by 7.1% during the third quarter. American International Group Inc. now owns 24,191 shares of the bank’s stock valued at $1,401,000 after acquiring an additional 1,595 shares in the last quarter. 15.05% of the stock is owned by hedge funds and other institutional investors.
Simmons First National (NASDAQ:SFNC) opened at $30.75 on Friday. The company has a market capitalization of $2,793.44, a PE ratio of 22.45 and a beta of 1.15. Simmons First National has a 12-month low of $24.88 and a 12-month high of $30.90. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.01 and a quick ratio of 1.01.
Simmons First National (NASDAQ:SFNC) last released its quarterly earnings results on Monday, January 22nd. The bank reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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. analysts expect that Simmons First National will post 2.3 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.95%. Simmons First National’s dividend payout ratio (DPR) is presently 43.80%.
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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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