Simmons First National Corporation (NASDAQ:SFNC) Stock Has Average Target Price of $25.69 According to Brokerages

Shares of Simmons First National Corporation (NASDAQ:SFNC) have been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $25.69.

A number of equities research analysts have recently issued reports on SFNC shares. Morgan Stanley upped their price objective on Simmons First National from $26.00 to $27.00 and gave the stock an “underweight” rating in a research note on Monday. Keefe, Bruyette & Woods cut their price objective on Simmons First National from $26.00 to $25.00 and set an “outperform” rating for the company in a report on Monday. DA Davidson raised their target price on shares of Simmons First National from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday. Piper Sandler raised shares of Simmons First National from an “underweight” rating to an “overweight” rating and raised their target price for the company from $26.00 to $27.50 in a research note on Friday, September 4th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Simmons First National in a report on Tuesday, July 21st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Counterpoint Mutual Funds LLC acquired a new position in shares of Simmons First National during the 3rd quarter worth about $656,000. Nolet Wealth Management LLC bought a new stake in shares of Simmons First National in the 3rd quarter valued at about $245,000. GAMMA Investing LLC raised its holdings in shares of Simmons First National by 8.2% in the 3rd quarter. GAMMA Investing LLC now owns 16,647 shares of the bank’s stock valued at $376,000 after purchasing an additional 1,255 shares during the period. Vista Investment Partners LLC bought a new stake in shares of Simmons First National in the 3rd quarter valued at about $289,000. Finally, QRG Capital Management Inc. lifted its stake in Simmons First National by 10.4% in the 2nd quarter. QRG Capital Management Inc. now owns 12,021 shares of the bank’s stock valued at $272,000 after purchasing an additional 1,136 shares during the last quarter. Institutional investors own 27.58% of the company’s stock.

Simmons First National Stock Performance

Shares of Simmons First National stock opened at $22.22 on Tuesday. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 12.41 and a beta of 0.92. The stock’s 50-day moving average is $22.89 and its 200-day moving average is $22.24. Simmons First National has a one year low of $17.00 and a one year high of $24.32. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.95 and a quick ratio of 0.95.

Simmons First National (NASDAQ:SFNC) last announced its earnings results on Thursday, October 15th. The bank reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. The business had revenue of $251.17 million during the quarter, compared to analysts’ expectations of $254.03 million. Simmons First National had a net margin of 18.38% and a return on equity of 8.73%. The firm’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.46 earnings per share. Equities analysts predict that Simmons First National will post 2.06 earnings per share for the current fiscal year.

Simmons First National Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were paid a $0.2150 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $0.86 dividend on an annualized basis and a yield of 3.9%. Simmons First National’s dividend payout ratio (DPR) is currently 48.04%.

About Simmons First National

Simmons First National Corporation is a financial services company headquartered in Pine Bluff, Arkansas, and the parent company of Simmons Bank. Founded in 1903, the company has grown from a community bank into a regional banking organization serving businesses, individuals and institutions.

Simmons Bank provides a range of banking services, including checking and savings accounts, commercial and consumer lending, residential mortgage lending, credit cards and treasury management. The bank also offers wealth management, trust, investment and brokerage services to individuals, businesses and nonprofit organizations.

Through its branch network and digital banking platforms, Simmons Bank serves customers in Arkansas, Colorado, Kansas, Missouri, Oklahoma, Tennessee and Texas.