According to Zacks, “SIMMONS FIRST NATIONAL CORP bank holding company registered under the Bank Holding Act of 1956. Through its subsidiaries, Co. provides a full range of banking and mortgage services to individual and corporate customers. “
Several other analysts also recently weighed in on SFNC. ValuEngine raised shares of Simmons First National from a strong sell rating to a sell rating in a report on Wednesday, October 2nd. BidaskClub raised shares of Simmons First National from a sell rating to a hold rating in a report on Thursday, September 12th. Stephens set a $30.00 target price on shares of Simmons First National and gave the company a buy rating in a report on Wednesday, September 4th. Finally, Sandler O’Neill raised shares of Simmons First National from a hold rating to a buy rating and lifted their target price for the company from $26.00 to $30.00 in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Simmons First National has an average rating of Hold and an average price target of $28.80.
Simmons First National (NASDAQ:SFNC) last issued its earnings results on Tuesday, July 23rd. The bank reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.08. The business had revenue of $189.36 million for the quarter, compared to the consensus estimate of $186.20 million. Simmons First National had a net margin of 24.55% and a return on equity of 9.90%. On average, research analysts forecast that Simmons First National will post 2.53 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Monday, September 16th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend was Friday, September 13th. Simmons First National’s payout ratio is 27.00%.
In other news, CEO George Makris, Jr. bought 10,858 shares of the stock in a transaction dated Tuesday, August 6th. The shares were acquired at an average price of $24.37 per share, with a total value of $264,609.46. Following the completion of the acquisition, the chief executive officer now directly owns 377,243 shares in the company, valued at $9,193,411.91. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.02% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pearl River Capital LLC acquired a new stake in shares of Simmons First National in the second quarter valued at about $59,000. Marshall Wace North America L.P. acquired a new stake in shares of Simmons First National in the first quarter valued at about $59,000. Meridian Management Co. lifted its stake in shares of Simmons First National by 5.6% in 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 during the period. Capital Fund Management S.A. acquired a new stake in shares of Simmons First National in the second quarter valued at about $226,000. Finally, Balyasny Asset Management LLC acquired a new stake in shares of Simmons First National in the second quarter valued at about $267,000. Hedge funds and other institutional investors own 20.39% of the company’s stock.
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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