Simmons First National (NASDAQ:SFNC) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Wednesday.
Other research analysts also recently issued research reports about the company. BidaskClub raised Simmons First National from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Zacks Investment Research cut shares of Simmons First National from a “buy” rating to a “hold” rating in a research report on Wednesday, April 4th. Finally, Sandler O’Neill upgraded shares of 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $31.70.
NASDAQ:SFNC opened at $28.75 on Wednesday. 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. The firm has a market cap of $2,624.56, a price-to-earnings ratio of 16.81 and a beta of 1.15.
Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings data on Monday, January 22nd. The bank reported $0.48 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $163.55 million for the quarter, compared to the consensus estimate of $155.80 million. analysts expect that Simmons First National will post 2.3 earnings per share for the current year.
In other Simmons First National news, insider Vernon Wilson Jr. Bryant sold 10,000 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $58.77, for a total transaction of $587,700.00. Following the completion of the sale, the insider now owns 195,853 shares in the company, valued at approximately $11,510,280.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO George Makris, Jr. bought 2,500 shares of the company’s stock in a transaction on Thursday, January 25th. The shares were acquired at an average price 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 a total of 78,610 shares of company stock valued at $4,085,217 in the last quarter. Corporate insiders own 2.76% of the company’s stock.
Several institutional investors have recently modified their holdings of SFNC. BlackRock Inc. raised its position in shares of Simmons First National by 30.7% during the 4th quarter. BlackRock Inc. now owns 5,222,738 shares of the bank’s stock valued at $298,220,000 after acquiring an additional 1,226,944 shares during the last quarter. King Luther Capital Management Corp increased its position in shares of Simmons First National by 360.6% in the 4th quarter. King Luther Capital Management Corp now owns 675,865 shares of the bank’s stock valued at $38,592,000 after buying an additional 529,125 shares in the last quarter. Allianz Asset Management GmbH bought a new stake in shares of Simmons First National in the 4th quarter valued at $28,447,000. Teachers Advisors LLC increased its position in shares of Simmons First National by 529.1% in the 4th quarter. Teachers Advisors LLC now owns 341,870 shares of the bank’s stock valued at $19,521,000 after buying an additional 287,525 shares in the last quarter. Finally, Kennedy Capital Management Inc. increased its position in shares of Simmons First National by 281.7% in the 4th quarter. Kennedy Capital Management Inc. now owns 381,119 shares of the bank’s stock valued at $21,762,000 after buying an additional 281,260 shares in the last quarter. Institutional investors own 25.88% of the company’s stock.
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Simmons First National Company Profile
Simmons First National Corporation operates as the holding company for Simmons Bank that provides financial products and services to individuals and businesses. It offers checking, savings, and time deposits; loan products, including consumer, real estate, commercial, agricultural, equipment, and SBA lending; personal and corporate trust services; credit cards; investment management products; insurance products; and securities and investment services.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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