Brokerages Set Simmons First National Co. (SFNC) Price Target at $32.50

Simmons First National Co. (NASDAQ:SFNC) has been given a consensus recommendation of “Hold” by the eight analysts that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $32.20.

SFNC has been the subject of several recent analyst reports. BidaskClub upgraded shares of Simmons First National from a “hold” rating to a “buy” rating in a research note on Saturday, February 23rd. Zacks Investment Research downgraded shares of Simmons First National from a “buy” rating to a “hold” rating in a research report on Tuesday, January 22nd. Stephens set a $30.00 price objective on shares of Simmons First National and gave the stock a “buy” rating in a research report on Tuesday, January 22nd. Finally, ValuEngine upgraded shares of Simmons First National from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 20th.

In other Simmons First National news, CEO George Makris, Jr. purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, January 30th. The stock was bought at an average cost of $24.85 per share, for a total transaction of $248,500.00. Following the completion of the transaction, the chief executive officer now owns 220,766 shares in the company, valued at $5,486,035.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.02% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Simmons First National by 3.0% in the fourth quarter. BlackRock Inc. now owns 13,561,463 shares of the bank’s stock valued at $327,238,000 after buying an additional 391,028 shares in the last quarter. Vanguard Group Inc raised its position in shares of Simmons First National by 3.6% in the third quarter. Vanguard Group Inc now owns 8,225,217 shares of the bank’s stock valued at $242,234,000 after buying an additional 289,561 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Simmons First National by 3.6% in the third quarter. Vanguard Group Inc. now owns 8,225,217 shares of the bank’s stock valued at $242,234,000 after buying an additional 289,561 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Simmons First National by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,353,621 shares of the bank’s stock valued at $129,183,000 after buying an additional 227,228 shares in the last quarter. Finally, King Luther Capital Management Corp raised its position in shares of Simmons First National by 2.3% in the fourth quarter. King Luther Capital Management Corp now owns 1,328,483 shares of the bank’s stock valued at $32,056,000 after buying an additional 30,342 shares in the last quarter. Institutional investors own 22.68% of the company’s stock.

NASDAQ:SFNC traded up $0.12 during mid-day trading on Friday, hitting $25.38. The stock had a trading volume of 3,761 shares, compared to its average volume of 465,517. Simmons First National has a twelve month low of $22.64 and a twelve month high of $33.45. The company has a market capitalization of $2.41 billion, a P/E ratio of 10.65 and a beta of 1.09. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.00 and a current ratio of 1.00.

Simmons First National (NASDAQ:SFNC) last issued its earnings results on Tuesday, January 22nd. The bank reported $0.61 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.61. Simmons First National had a net margin of 26.16% and a return on equity of 10.14%. The business had revenue of $172.37 million during the quarter, compared to the consensus estimate of $177.84 million. As a group, equities analysts forecast that Simmons First National will post 2.45 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 15th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.52%. This is an increase from Simmons First National’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, March 14th. Simmons First National’s payout ratio is presently 27.00%.

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.

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Analyst Recommendations for Simmons First National (NASDAQ:SFNC)

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