Simmons First National (NASDAQ:SFNC) Price Target Cut to $25.00 by Analysts at Stephens

Simmons First National (NASDAQ:SFNC) had its target price cut by Stephens from $27.00 to $25.00 in a research report report published on Monday,Benzinga reports. They currently have an overweight rating on the bank’s stock.

Separately, Piper Sandler upgraded Simmons First National from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $20.00 to $21.00 in a research note on Monday.

Simmons First National Stock Up 1.2 %

SFNC stock opened at $18.15 on Monday. The stock has a market cap of $2.29 billion, a P/E ratio of 15.00 and a beta of 0.82. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.32. Simmons First National has a twelve month low of $16.03 and a twelve month high of $25.95. The company’s 50 day moving average is $19.99 and its two-hundred day moving average is $22.06.

Simmons First National (NASDAQ:SFNC) last announced its quarterly earnings results on Wednesday, April 16th. The bank reported $0.26 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.10). Simmons First National had a return on equity of 5.10% and a net margin of 10.46%. The company had revenue of $209.58 million for the quarter, compared to analyst estimates of $209.00 million. During the same quarter in the prior year, the business earned $0.32 earnings per share. Research analysts expect that Simmons First National will post 1.66 earnings per share for the current fiscal year.

Simmons First National Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were given a $0.2125 dividend. This is a boost from Simmons First National’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.85 annualized dividend and a yield of 4.68%. Simmons First National’s dividend payout ratio is presently 73.28%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SFNC. Cresset Asset Management LLC boosted its stake in shares of Simmons First National by 0.7% during the fourth quarter. Cresset Asset Management LLC now owns 76,711 shares of the bank’s stock valued at $1,718,000 after acquiring an additional 546 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Simmons First National by 6.3% during the 4th quarter. CIBC Asset Management Inc now owns 12,581 shares of the bank’s stock worth $279,000 after purchasing an additional 751 shares during the last quarter. HighTower Advisors LLC increased its position in shares of Simmons First National by 4.3% in the 4th quarter. HighTower Advisors LLC now owns 19,600 shares of the bank’s stock worth $435,000 after purchasing an additional 812 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of Simmons First National by 4.0% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 27,396 shares of the bank’s stock worth $613,000 after acquiring an additional 1,049 shares in the last quarter. Finally, Sowell Financial Services LLC lifted its position in shares of Simmons First National by 7.7% in the 1st quarter. Sowell Financial Services LLC now owns 14,738 shares of the bank’s stock worth $303,000 after buying an additional 1,056 shares during the last quarter. Hedge funds and other institutional investors own 27.58% of the company’s stock.

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.