Simmons First National (NASDAQ:SFNC) Stock Rating Upgraded by Wall Street Zen

Simmons First National (NASDAQ:SFNC) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Monday.

Several other research analysts have also weighed in on SFNC. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Simmons First National in a research report on Monday, December 29th. Raymond James Financial raised shares of Simmons First National from a “market perform” rating to an “outperform” rating and set a $23.00 price objective for the company in a research report on Thursday, January 22nd. Robert W. Baird raised Simmons First National from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 19th. Piper Sandler upgraded shares of Simmons First National from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 19th. Finally, Keefe, Bruyette & Woods decreased their price target on Simmons First National from $22.00 to $21.00 and set a “market perform” rating for the company in a research note on Monday, October 20th. Three equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.43.

Simmons First National Trading Up 1.0%

Shares of Simmons First National stock opened at $20.21 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.88 and a quick ratio of 0.88. The business has a 50 day moving average price of $19.13 and a 200 day moving average price of $19.23. The company has a market capitalization of $2.92 billion, a P/E ratio of -7.30 and a beta of 0.89. Simmons First National has a 1 year low of $17.00 and a 1 year high of $23.44.

Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings results on Tuesday, January 20th. The bank reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. The business had revenue of $249.00 million during the quarter, compared to the consensus estimate of $238.68 million. Simmons First National had a negative net margin of 27.83% and a positive return on equity of 6.73%. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 earnings per share. Sell-side analysts anticipate that Simmons First National will post 1.66 EPS for the current fiscal year.

Insider Buying and Selling

In other Simmons First National news, Director Steven A. Cosse acquired 8,603 shares of the stock in a transaction dated Thursday, October 30th. The shares were bought at an average price of $17.44 per share, with a total value of $150,036.32. Following the purchase, the director directly owned 113,652 shares of the company’s stock, valued at approximately $1,982,090.88. This trade represents a 8.19% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.91% of the company’s stock.

Hedge Funds Weigh In On Simmons First National

A number of institutional investors have recently bought and sold shares of SFNC. Summit Financial Wealth Advisors LLC boosted its position in shares of Simmons First National by 66.3% in the fourth quarter. Summit Financial Wealth Advisors LLC now owns 25,090 shares of the bank’s stock worth $473,000 after buying an additional 10,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Simmons First National by 17.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,595 shares of the bank’s stock worth $841,000 after acquiring an additional 6,625 shares in the last quarter. CWM LLC grew its holdings in Simmons First National by 15.4% during the fourth quarter. CWM LLC now owns 46,092 shares of the bank’s stock valued at $869,000 after purchasing an additional 6,136 shares during the last quarter. ZWJ Investment Counsel Inc. grew its stake in Simmons First National by 8.0% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 13,419 shares of the bank’s stock valued at $253,000 after buying an additional 991 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in Simmons First National by 1.1% during the fourth quarter. State of Alaska Department of Revenue now owns 79,009 shares of the bank’s stock valued at $1,489,000 after acquiring an additional 879 shares during the period. Hedge funds and other institutional investors own 27.58% of the company’s stock.

About Simmons First National

Simmons First National Corporation (NASDAQ:SFNC) is a bank holding company headquartered in Pine Bluff, Arkansas. Through its primary operating subsidiary, Simmons Bank, the company maintains a network of more than 200 branches across Arkansas, Tennessee, Missouri, Mississippi, Texas, Oklahoma and North Carolina. Simmons First National offers a full suite of financial services to individuals, small businesses and commercial clients, emphasizing relationship-driven community banking.

The company’s core business activities span deposit-taking, lending and payment services.