Simmons First National (NASDAQ:SFNC) Price Target Increased to $23.00 by Analysts at Stephens

Simmons First National (NASDAQ:SFNC) had its price objective raised by Stephens from $21.00 to $23.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have an equal weight rating on the bank’s stock.

Other equities research analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods raised their price objective on Simmons First National from $20.00 to $22.00 and gave the company a market perform rating in a research note on Thursday. StockNews.com cut Simmons First National from a hold rating to a sell rating in a research note on Sunday, July 21st. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat, Simmons First National currently has an average rating of Hold and an average price target of $22.33.

Simmons First National Trading Up 3.4 %

Shares of SFNC stock opened at $21.81 on Thursday. The company has a market cap of $2.74 billion, a P/E ratio of 16.40 and a beta of 0.89. The stock has a 50 day simple moving average of $17.88 and a two-hundred day simple moving average of $18.38. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.77 and a current ratio of 0.80. Simmons First National has a fifty-two week low of $13.36 and a fifty-two week high of $22.11.

Simmons First National (NASDAQ:SFNC) last issued its earnings results on Wednesday, July 24th. The bank reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. The business had revenue of $372.44 million during the quarter, compared to the consensus estimate of $197.30 million. Simmons First National had a return on equity of 5.33% and a net margin of 10.49%. During the same period in the previous year, the company posted $0.48 earnings per share. Research analysts forecast that Simmons First National will post 1.29 earnings per share for the current year.

Simmons First National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.84 annualized dividend and a dividend yield of 3.85%. Simmons First National’s payout ratio is 63.16%.

Insider Activity at Simmons First National

In related news, EVP George A. Makris III sold 15,625 shares of Simmons First National stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $17.23, for a total transaction of $269,218.75. Following the transaction, the executive vice president now owns 39,707 shares of the company’s stock, valued at $684,151.61. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.91% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC purchased a new position in Simmons First National in the fourth quarter worth $29,000. Versant Capital Management Inc boosted its position in Simmons First National by 161.0% in the second quarter. Versant Capital Management Inc now owns 1,843 shares of the bank’s stock worth $32,000 after purchasing an additional 1,137 shares during the last quarter. TFO Wealth Partners LLC boosted its position in Simmons First National by 250,150.0% in the fourth quarter. TFO Wealth Partners LLC now owns 10,010 shares of the bank’s stock worth $199,000 after purchasing an additional 10,006 shares during the last quarter. Summit Financial Wealth Advisors LLC boosted its position in Simmons First National by 15.9% in the fourth quarter. Summit Financial Wealth Advisors LLC now owns 11,590 shares of the bank’s stock worth $230,000 after purchasing an additional 1,590 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in Simmons First National in the first quarter worth $227,000. Hedge funds and other institutional investors own 27.58% of the company’s stock.

Simmons First National Company Profile

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.