Shares of Simmons First National Co. (NASDAQ:SFNC) have received an average recommendation of “Hold” from the seven research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $29.33.
SFNC has been the topic of a number of research analyst reports. Stephens downgraded shares of Simmons First National from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $29.00 to $27.00 in a research report on Wednesday, October 23rd. ValuEngine raised shares of Simmons First National from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Sandler O’Neill raised shares of Simmons First National from a “hold” rating to a “buy” rating and boosted their price objective for the company from $26.00 to $30.00 in a research report on Thursday, August 1st. Zacks Investment Research raised shares of Simmons First National from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, BidaskClub raised shares of Simmons First National from a “sell” rating to a “hold” rating in a research report on Friday, November 8th.
In other Simmons First National news, CEO George Makris, Jr. bought 10,000 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was bought at an average cost of $23.99 per share, with a total value of $239,900.00. Following the completion of the transaction, the chief executive officer now directly owns 385,585 shares of the company’s stock, valued at approximately $9,250,184.15. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Paul D. Kanneman sold 1,013 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $25.06, for a total transaction of $25,385.78. The disclosure for this sale can be found here. Insiders own 2.02% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Simmons First National by 3.1% in the second quarter. BlackRock Inc. now owns 13,971,730 shares of the bank’s stock worth $324,983,000 after buying an additional 423,940 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Simmons First National by 2.7% in the second quarter. Vanguard Group Inc. now owns 9,267,219 shares of the bank’s stock worth $215,555,000 after buying an additional 245,990 shares during the last quarter. Simmons Bank lifted its stake in shares of Simmons First National by 1.2% in the second quarter. Simmons Bank now owns 2,639,190 shares of the bank’s stock worth $61,388,000 after buying an additional 30,487 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Simmons First National by 13.1% in the second quarter. Northern Trust Corp now owns 1,421,626 shares of the bank’s stock worth $33,067,000 after buying an additional 165,109 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Simmons First National by 2.4% in the second quarter. Bank of New York Mellon Corp now owns 1,233,135 shares of the bank’s stock worth $28,682,000 after buying an additional 28,584 shares during the last quarter. Institutional investors and hedge funds own 56.19% of the company’s stock.
Shares of SFNC opened at $25.30 on Wednesday. The company’s 50 day moving average price is $24.48 and its 200 day moving average price is $24.30. Simmons First National has a 52 week low of $22.08 and a 52 week high of $29.60. The company has a market capitalization of $2.41 billion, a PE ratio of 10.68 and a beta of 1.07. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.98 and a current ratio of 0.99.
Simmons First National (NASDAQ:SFNC) last announced its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.20. Simmons First National had a net margin of 25.59% and a return on equity of 10.68%. The firm had revenue of $233.94 million for the quarter, compared to the consensus estimate of $188.73 million. During the same period in the previous year, the firm posted $0.59 earnings per share. On average, equities analysts forecast that Simmons First National will post 2.72 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 16th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Friday, December 13th. Simmons First National’s dividend payout ratio is 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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