BidaskClub upgraded shares of Simmons First National (NASDAQ:SFNC) from a sell rating to a hold rating in a research report released on Tuesday.
Other research analysts have also issued research reports about the company. Zacks Investment Research raised Simmons First National from a hold rating to a buy rating and set a $28.00 price objective for the company in a research report on Friday, October 26th. Stephens set a $34.00 price objective on Simmons First National and gave the company a buy rating in a research report on Monday, October 22nd. Sandler O’Neill lowered Simmons First National from a buy rating to a hold rating and set a $33.00 price objective for the company. in a research report on Wednesday, July 25th. Robert W. Baird started coverage on Simmons First National in a research report on Tuesday, October 16th. They set an outperform rating and a $34.00 price objective for the company. Finally, ValuEngine lowered Simmons First National from a hold rating to a sell rating in a research report on Monday, July 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $32.40.
SFNC stock opened at $27.47 on Tuesday. Simmons First National has a twelve month low of $24.58 and a twelve month high of $33.45. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $2.43 billion, a P/E ratio of 16.06 and a beta of 0.99.
Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings data on Monday, October 22nd. The bank reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.01. Simmons First National had a return on equity of 9.66% and a net margin of 22.55%. The company had revenue of $176.69 million during the quarter, compared to analyst estimates of $175.20 million. Equities research analysts forecast that Simmons First National will post 2.37 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 4th. Shareholders of record on Friday, December 14th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Thursday, December 13th. Simmons First National’s payout ratio is 35.09%.
Institutional investors have recently bought and sold shares of the business. LPL Financial LLC bought a new stake in shares of Simmons First National in the 1st quarter worth $217,000. Capital Fund Management S.A. bought a new stake in shares of Simmons First National in the 2nd quarter worth $227,000. Jane Street Group LLC bought a new stake in shares of Simmons First National in the 2nd quarter worth $256,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Simmons First National in the 2nd quarter worth $305,000. Finally, Systematic Financial Management LP bought a new stake in shares of Simmons First National in the 2nd quarter worth $307,000. 29.99% of the stock is owned by institutional investors and hedge funds.
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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