Shares of Simmons First National Co. (NASDAQ:SFNC) reached a new 52-week high and low on Thursday . The company traded as low as $31.40 and last traded at $31.25, with a volume of 7162 shares changing hands. The stock had previously closed at $31.10.
A number of analysts have recently weighed in on the company. BidaskClub downgraded Simmons First National from a “hold” rating to a “sell” rating in a research report on Friday, January 19th. Zacks Investment Research downgraded Simmons First National from a “hold” rating to a “sell” rating in a research report on Wednesday, March 14th. Sandler O’Neill set a $35.00 target price on Simmons First National and gave the company a “buy” rating in a research report on Tuesday, April 24th. Piper Jaffray set a $33.00 target price on Simmons First National and gave the company a “hold” rating in a research report on Tuesday, April 24th. Finally, ValuEngine upgraded Simmons First National from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Simmons First National presently has an average rating of “Hold” and a consensus price target of $33.00.
The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 18.25 and a beta of 1.15. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.76.
Simmons First National (NASDAQ:SFNC) last released its earnings results on Monday, April 23rd. The bank reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. The firm had revenue of $172.50 million during the quarter, compared to the consensus estimate of $171.50 million. Simmons First National had a return on equity of 8.92% and a net margin of 19.70%. equities analysts expect that Simmons First National Co. will post 2.34 EPS for the current year.
In related news, CAO David W. Garner sold 1,380 shares of the company’s stock in a transaction on Friday, April 27th. The stock was sold at an average price of $30.50, for a total transaction of $42,090.00. Following the completion of the sale, the chief accounting officer now directly owns 29,972 shares in the company, valued at approximately $914,146. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Marty Casteel sold 6,445 shares of the company’s stock in a transaction on Friday, April 27th. The stock was sold at an average price of $30.53, for a total value of $196,765.85. Following the sale, the executive vice president now owns 102,284 shares of the company’s stock, valued at $3,122,730.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 207,981 shares of company stock valued at $6,295,948. 2.76% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB bought a new stake in shares of Simmons First National during the 4th quarter worth $242,000. CIBC Asset Management Inc bought a new position in Simmons First National in the fourth quarter valued at about $268,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Simmons First National by 184.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,820 shares of the bank’s stock valued at $137,000 after purchasing an additional 3,123 shares during the last quarter. SG Americas Securities LLC bought a new position in Simmons First National in the first quarter valued at about $155,000. Finally, Jefferies Group LLC bought a new position in Simmons First National in the fourth quarter valued at about $348,000. Institutional investors and hedge funds own 25.19% of the company’s stock.
About Simmons First National
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.
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