Simmons First National Co. (SFNC) Receives $33.33 Average Target Price from Analysts

Shares of Simmons First National Co. (NASDAQ:SFNC) have received a consensus rating of “Hold” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $33.33.

A number of research analysts recently commented on the company. BidaskClub lowered Simmons First National from a “buy” rating to a “hold” rating in a research note on Saturday, June 30th. Zacks Investment Research upgraded Simmons First National from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Friday, July 27th. ValuEngine lowered Simmons First National from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Sandler O’Neill lowered Simmons First National from a “buy” rating to a “hold” rating and set a $33.00 target price for the company. in a research note on Wednesday, July 25th. Finally, Robert W. Baird assumed coverage on Simmons First National in a research note on Tuesday. They issued an “outperform” rating and a $34.00 target price for the company.

Shares of NASDAQ SFNC opened at $27.31 on Tuesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.02 and a quick ratio of 1.01. The firm has a market capitalization of $2.57 billion, a P/E ratio of 13.44 and a beta of 0.99. Simmons First National has a one year low of $26.73 and a one year high of $33.45.

Simmons First National (NASDAQ:SFNC) last issued its earnings results on Monday, July 23rd. The bank reported $0.58 EPS for the quarter, meeting analysts’ consensus estimates of $0.58. The business had revenue of $174.89 million during the quarter, compared to analyst estimates of $174.75 million. Simmons First National had a return on equity of 9.32% and a net margin of 21.66%. Equities analysts anticipate that Simmons First National will post 2.33 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 5th. Shareholders of record on Friday, September 14th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Thursday, September 13th. Simmons First National’s dividend payout ratio (DPR) is 35.09%.

In other Simmons First National news, Director Russell William Teubner sold 2,928 shares of the company’s stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $30.25, for a total value of $88,572.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 2.76% of the company’s stock.

A number of large investors have recently made changes to their positions in SFNC. LPL Financial LLC bought a new stake in shares of Simmons First National during the first quarter worth $217,000. Diversified Trust Co grew its holdings in shares of Simmons First National by 77.0% during the first quarter. Diversified Trust Co now owns 7,938 shares of the bank’s stock worth $226,000 after purchasing an additional 3,452 shares during the last quarter. Capital Fund Management S.A. bought a new stake in shares of Simmons First National during the second quarter worth $227,000. Jane Street Group LLC bought a new stake in shares of Simmons First National during the second quarter worth $256,000. Finally, OppenheimerFunds Inc. grew its holdings in shares of Simmons First National by 67.3% during the first quarter. OppenheimerFunds Inc. now owns 10,628 shares of the bank’s stock worth $302,000 after purchasing an additional 4,277 shares during the last quarter. Hedge funds and other institutional investors own 30.02% of the company’s stock.

About Simmons First National

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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