Simmons First National (SFNC) Downgraded by ValuEngine to “Sell”

ValuEngine downgraded shares of Simmons First National (NASDAQ:SFNC) from a hold rating to a sell rating in a report released on Monday.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research lowered Simmons First National from a buy rating to a hold rating in a research note on Wednesday, April 4th. BidaskClub lowered Simmons First National from a buy rating to a hold rating in a research note on Thursday, March 29th. Piper Jaffray Companies set a $33.00 price target on Simmons First National and gave the stock a hold rating in a research note on Tuesday, April 24th. Finally, Sandler O’Neill set a $35.00 price target on Simmons First National and gave the stock a buy rating in a research note on Tuesday, April 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $34.00.

NASDAQ:SFNC opened at $30.25 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $2.76 billion, a PE ratio of 17.69 and a beta of 1.18. Simmons First National has a one year low of $24.98 and a one year high of $33.45.

Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings results on Monday, April 23rd. The bank reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.03. Simmons First National had a return on equity of 8.92% and a net margin of 19.70%. The business had revenue of $172.50 million during the quarter, compared to analyst estimates of $171.50 million. sell-side analysts expect that Simmons First National will post 2.36 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 5th. Shareholders of record on Friday, June 15th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend was Thursday, June 14th. Simmons First National’s dividend payout ratio (DPR) is presently 35.09%.

In other Simmons First National news, CFO Robert A. Fehlman sold 21,546 shares of the stock in a transaction dated Thursday, April 26th. The shares were sold at an average price of $30.32, for a total transaction of $653,274.72. Following the completion of the transaction, the chief financial officer now owns 83,260 shares of the company’s stock, valued at approximately $2,524,443.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vernon Wilson Jr. Bryant sold 50,000 shares of the stock in a transaction dated Thursday, April 26th. The shares were sold at an average price of $30.36, for a total transaction of $1,518,000.00. Following the transaction, the insider now directly owns 261,706 shares of the company’s stock, valued at approximately $7,945,394.16. The disclosure for this sale can be found here. Insiders have sold a total of 199,371 shares of company stock valued at $6,043,331 in the last three months. Insiders own 2.76% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Simmons First National by 184.0% during the 1st 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 shares of Simmons First National in the 1st quarter valued at about $155,000. LPL Financial LLC bought a new position in shares of Simmons First National in the 1st quarter valued at about $217,000. Diversified Trust Co lifted its holdings in shares of Simmons First National by 77.0% in the 1st quarter. Diversified Trust Co now owns 7,938 shares of the bank’s stock valued at $226,000 after acquiring an additional 3,452 shares during the last quarter. Finally, Neuburgh Advisers LLC lifted its holdings in shares of Simmons First National by 150.5% in the 1st quarter. Neuburgh Advisers LLC now owns 8,016 shares of the bank’s stock valued at $228,000 after acquiring an additional 4,816 shares during the last quarter. 28.12% of the stock is owned by institutional investors and hedge funds.

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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