Simmons First National (NASDAQ:SFNC) was upgraded by equities researchers at Sandler O’Neill from a “hold” rating to a “buy” rating in a research report issued on Thursday, Marketbeat.com reports. The firm presently has a $30.00 price objective on the bank’s stock, up from their previous price objective of $26.00. Sandler O’Neill’s price target suggests a potential upside of 20.10% from the stock’s current price.
Other research analysts have also issued reports about the company. Robert W. Baird reissued a “neutral” rating on shares of Simmons First National in a report on Thursday, April 11th. Stephens set a $29.00 target price on Simmons First National and gave the stock a “buy” rating in a report on Thursday, June 20th. Zacks Investment Research raised Simmons First National from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Finally, BidaskClub raised Simmons First National from a “sell” rating to a “hold” rating in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $29.20.
Shares of NASDAQ:SFNC traded down $0.01 during trading on Thursday, hitting $24.98. 534,316 shares of the company were exchanged, compared to its average volume of 358,323. The stock has a market capitalization of $2.47 billion, a PE ratio of 10.54 and a beta of 1.06. Simmons First National has a fifty-two week low of $22.08 and a fifty-two week high of $32.45. The firm has a fifty day simple moving average of $23.71. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68.
Simmons First National (NASDAQ:SFNC) last posted its earnings results on Tuesday, July 23rd. The bank reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.08. The business had revenue of $189.36 million for the quarter, compared to analyst estimates of $186.20 million. Simmons First National had a return on equity of 9.90% and a net margin of 24.55%. As a group, sell-side analysts predict that Simmons First National will post 2.45 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SFNC. Norges Bank bought a new stake in Simmons First National in the 4th quarter valued at $19,679,000. Dimensional Fund Advisors LP boosted its stake in Simmons First National by 4.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,353,621 shares of the bank’s stock valued at $129,183,000 after purchasing an additional 227,228 shares during the period. HM Capital Management LLC bought a new stake in Simmons First National in the 2nd quarter valued at $3,007,000. Geode Capital Management LLC boosted its stake in Simmons First National by 8.1% in the 4th quarter. Geode Capital Management LLC now owns 1,048,146 shares of the bank’s stock valued at $25,291,000 after purchasing an additional 78,634 shares during the period. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in Simmons First National in the 1st quarter valued at $1,651,000. Institutional investors and hedge funds own 57.82% of the company’s stock.
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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