Simmons First National Co. (NASDAQ:SFNC) has been given a consensus rating of “Hold” by the seven analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $30.00.
A number of brokerages have commented on SFNC. BidaskClub raised Simmons First National from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Stephens set a $29.00 price target on Simmons First National and gave the stock a “buy” rating in a research note on Thursday, June 20th. Zacks Investment Research raised Simmons First National from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Finally, Sandler O’Neill raised Simmons First National from a “hold” rating to a “buy” rating and lifted their price target for the stock from $26.00 to $30.00 in a research note on Thursday, August 1st.
In other Simmons First National news, CEO George Makris, Jr. bought 10,858 shares of Simmons First National stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average cost of $24.37 per share, with a total value of $264,609.46. Following the completion of the purchase, the chief executive officer now owns 377,243 shares of the company’s stock, valued at $9,193,411.91. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.02% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of SFNC. Versant Capital Management Inc increased its stake in shares of Simmons First National by 56.6% during the first quarter. Versant Capital Management Inc now owns 1,895 shares of the bank’s stock valued at $46,000 after buying an additional 685 shares during the period. Marshall Wace North America L.P. bought a new stake in shares of Simmons First National during the first quarter valued at approximately $59,000. Pearl River Capital LLC bought a new stake in shares of Simmons First National during the second quarter valued at approximately $59,000. Meeder Asset Management Inc. bought a new stake in shares of Simmons First National during the first quarter valued at approximately $89,000. Finally, Meridian Management Co. boosted its position in shares of Simmons First National by 5.6% during the second quarter. Meridian Management Co. now owns 9,690 shares of the bank’s stock valued at $225,000 after purchasing an additional 513 shares in the last quarter. 56.53% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:SFNC traded up $0.25 during mid-day trading on Monday, reaching $25.23. The stock had a trading volume of 345,364 shares, compared to its average volume of 430,206. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a 50 day moving average price of $24.34 and a two-hundred day moving average price of $24.77. The stock has a market capitalization of $2.33 billion, a P/E ratio of 10.65 and a beta of 1.06. Simmons First National has a one year low of $22.08 and a one year high of $32.45.
Simmons First National (NASDAQ:SFNC) last announced its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.08. The business had revenue of $189.36 million for the quarter, compared to analysts’ expectations of $186.20 million. Simmons First National had a return on equity of 9.90% and a net margin of 24.55%. Research analysts forecast that Simmons First National will post 2.46 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.16 per share. The ex-dividend date is Friday, September 13th. This represents a $0.64 annualized dividend and a dividend yield of 2.54%. Simmons First National’s dividend payout ratio (DPR) 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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