Simmons First National (NASDAQ:SFNC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday.
According to Zacks, “SIMMONS FIRST NATIONAL CORP bank holding company registered under the Bank Holding Act of 1956. Through its subsidiaries, Co. provides a full range of banking and mortgage services to individual and corporate customers. “
SFNC has been the subject of several other reports. BidaskClub raised Simmons First National from a “hold” rating to a “buy” rating in a report on Friday, November 23rd. ValuEngine raised Simmons First National from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 20th. Stephens set a $34.00 target price on Simmons First National and gave the company a “buy” rating in a report on Monday, October 22nd. Finally, Robert W. Baird started coverage on Simmons First National in a report on Tuesday, October 16th. They issued an “outperform” rating and a $34.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $32.80.
Shares of Simmons First National stock opened at $27.29 on Thursday. The company has a market capitalization of $2.52 billion, a PE ratio of 15.96 and a beta of 1.02. Simmons First National has a 52 week low of $24.58 and a 52 week 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.
Simmons First National (NASDAQ:SFNC) last released its earnings results on Monday, October 22nd. The bank reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.01. The company had revenue of $176.69 million during the quarter, compared to analyst estimates of $175.20 million. Simmons First National had a return on equity of 9.66% and a net margin of 22.55%. On average, equities research analysts predict that Simmons First National will post 2.38 earnings per share for the current fiscal year.
In other Simmons First National news, EVP Patrick A. Burrow bought 1,500 shares of Simmons First National stock in a transaction dated Tuesday, November 20th. The stock was bought at an average cost of $27.65 per share, with a total value of $41,475.00. Following the completion of the acquisition, the executive vice president now directly owns 31,829 shares in the company, valued at approximately $880,071.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.76% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Meadow Creek Investment Management LLC grew its holdings in Simmons First National by 150.5% during the second quarter. Meadow Creek Investment Management LLC now owns 17,034 shares of the bank’s stock valued at $509,000 after purchasing an additional 10,234 shares during the period. Raymond James & Associates grew its holdings in Simmons First National by 147.9% during the second quarter. Raymond James & Associates now owns 49,030 shares of the bank’s stock valued at $1,466,000 after purchasing an additional 29,248 shares during the period. WINTON GROUP Ltd grew its holdings in Simmons First National by 64.8% during the second quarter. WINTON GROUP Ltd now owns 342,070 shares of the bank’s stock valued at $10,228,000 after purchasing an additional 134,529 shares during the period. Phocas Financial Corp. bought a new position in Simmons First National during the second quarter valued at $5,244,000. Finally, Comerica Bank grew its holdings in Simmons First National by 5.3% during the third quarter. Comerica Bank now owns 97,887 shares of the bank’s stock valued at $2,560,000 after purchasing an additional 4,937 shares during the period. 27.87% 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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