Simmons First National (NASDAQ:SFNC) PT Lowered to $21.00 at Stephens

Simmons First National (NASDAQ:SFNC) had its price objective cut by Stephens from $22.00 to $21.00 in a research note published on Thursday morning, Benzinga reports. They currently have an equal weight rating on the bank’s stock.

Several other brokerages have also recently commented on SFNC. Robert W. Baird boosted their price target on Simmons First National from $20.00 to $22.00 and gave the stock a neutral rating in a research report on Thursday, January 25th. StockNews.com cut Simmons First National from a hold rating to a sell rating in a research report on Friday, February 2nd. Finally, Keefe, Bruyette & Woods lowered their price objective on Simmons First National from $21.00 to $20.00 and set a market perform rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat, Simmons First National presently has an average rating of Hold and a consensus price target of $21.00.

Simmons First National Stock Down 2.0 %

Shares of SFNC opened at $17.50 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.77 and a current ratio of 0.77. Simmons First National has a one year low of $13.36 and a one year high of $20.82. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 13.16 and a beta of 0.87. The stock has a 50 day moving average price of $18.75 and a 200 day moving average price of $18.00.

Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings results on Wednesday, April 24th. The bank reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. Simmons First National had a return on equity of 5.94% and a net margin of 11.97%. The firm had revenue of $195.10 million during the quarter, compared to analysts’ expectations of $202.35 million. During the same period in the previous year, the business earned $0.37 earnings per share. The firm’s revenue for the quarter was down 12.8% on a year-over-year basis. Equities research analysts forecast that Simmons First National will post 1.35 earnings per share for the current fiscal year.

Simmons First National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 4.80%. The ex-dividend date of this dividend is Friday, June 14th. Simmons First National’s payout ratio is currently 63.16%.

Institutional Trading of Simmons First National

Several large investors have recently added to or reduced their stakes in the stock. Walleye Capital LLC purchased a new position in shares of Simmons First National during the 3rd quarter worth $1,951,000. Victory Capital Management Inc. grew its holdings in shares of Simmons First National by 406.8% during the 3rd quarter. Victory Capital Management Inc. now owns 204,984 shares of the bank’s stock worth $3,477,000 after purchasing an additional 164,535 shares during the period. WBI Investments Inc. purchased a new position in shares of Simmons First National during the 3rd quarter worth $683,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Simmons First National by 6.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,534,377 shares of the bank’s stock worth $26,023,000 after purchasing an additional 93,507 shares during the period. Finally, Eagle Bluffs Wealth Management LLC grew its holdings in shares of Simmons First National by 3.8% during the 4th quarter. Eagle Bluffs Wealth Management LLC now owns 70,298 shares of the bank’s stock worth $1,408,000 after purchasing an additional 2,550 shares during the period. 27.58% of the stock is currently owned by hedge funds and other institutional investors.

About Simmons First National

Simmons First National Corporation operates as the holding company for Simmons Bank that provides banking and other financial products and services to individuals and businesses. The company offers checking, savings, and time deposits; consumer, real estate, and commercial loans; agricultural finance, equipment, and small business administration lending; trust and fiduciary services; credit cards; investment management products; treasury management; insurance products; and securities and investment services.