Simmons First National Co. (NASDAQ:SFNC) has received a consensus rating of “Hold” from the seven analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $32.60.
A number of analysts have recently issued reports on the company. Zacks Investment Research raised Simmons First National from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Friday, October 26th. ValuEngine raised Simmons First National from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 20th. Finally, BidaskClub raised Simmons First National from a “hold” rating to a “buy” rating in a research report on Friday, November 23rd.
Shares of NASDAQ SFNC opened at $27.02 on Wednesday. Simmons First National has a 1 year low of $24.58 and a 1 year high of $33.45. The stock has a market cap of $2.51 billion, a PE ratio of 12.08 and a beta of 1.02. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.01 and a current ratio of 1.01.
Simmons First National (NASDAQ:SFNC) last announced its earnings results on Monday, October 22nd. The bank reported $0.59 earnings per share (EPS) for the quarter, topping 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 business had revenue of $176.69 million for the quarter, compared to analyst estimates of $175.20 million. Equities research analysts anticipate that Simmons First National will post 2.38 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 4th. Investors of record on Friday, December 14th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.60 dividend on an annualized basis and a yield of 2.22%. Simmons First National’s dividend payout ratio (DPR) is 35.09%.
In other news, EVP Patrick A. Burrow purchased 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 20th. The stock was acquired at an average cost of $27.65 per share, for a total transaction of $41,475.00. Following the completion of the purchase, the executive vice president now owns 31,829 shares of the company’s stock, valued at $880,071.85. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.76% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of SFNC. Paloma Partners Management Co acquired a new position in Simmons First National in the third quarter worth about $206,000. Capital Fund Management S.A. acquired a new position in Simmons First National in the second quarter worth about $227,000. Jane Street Group LLC acquired a new position in Simmons First National in the second quarter worth about $256,000. Dynamic Technology Lab Private Ltd acquired a new position in Simmons First National in the second quarter worth about $305,000. Finally, Systematic Financial Management LP acquired a new position in Simmons First National in the second quarter worth about $307,000. Institutional investors and hedge funds own 27.87% of the company’s stock.
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.
See Also: Cash Flow
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