Simmons First National (NASDAQ:SFNC) Stock Price Target Raised at DA Davidson

Simmons First National (NASDAQ:SFNC) had its price objective increased by DA Davidson from $24.00 to $25.00 in a report released on Monday, Benzinga reports. The firm currently has a “neutral” rating on the bank’s stock. DA Davidson’s price objective indicates a potential upside of 12.54% from the company’s current price.

Several other research firms also recently commented on SFNC. Raymond James Financial reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of Simmons First National in a report on Friday, July 17th. National Bank Financial set a $26.00 price target on Simmons First National in a research report on Friday, September 4th. Piper Sandler upgraded Simmons First National from an “underweight” rating to an “overweight” rating and upped their price objective for the stock from $26.00 to $27.50 in a research report on Friday, September 4th. Robert W. Baird set a $25.00 target price on shares of Simmons First National in a report on Monday. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Simmons First National from $26.00 to $25.00 and set an “outperform” rating for the company in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Simmons First National has a consensus rating of “Moderate Buy” and a consensus price target of $25.69.

Simmons First National Stock Up 0.7%

Shares of SFNC traded up $0.14 during mid-day trading on Monday, hitting $22.21. 2,529,360 shares of the company traded hands, compared to its average volume of 1,351,870. The company has a market capitalization of $3.21 billion, a PE ratio of 12.40 and a beta of 0.92. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.50. The business has a 50 day moving average of $22.92 and a 200 day moving average of $22.23. Simmons First National has a 1-year low of $17.00 and a 1-year high of $24.32.

Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings results on Thursday, October 15th. The bank reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company posted $0.46 earnings per share. Equities research analysts anticipate that Simmons First National will post 2.06 EPS for the current year.

Institutional Trading of Simmons First National

Several large investors have recently bought and sold shares of SFNC. Leeward Investments LLC MA acquired a new position in Simmons First National in the first quarter valued at about $15,744,000. Wellington Management Group LLP grew its position in Simmons First National by 3.9% in the 2nd quarter. Wellington Management Group LLP now owns 6,591,542 shares of the bank’s stock valued at $149,298,000 after acquiring an additional 245,024 shares in the last quarter. Sei Investments Co. lifted its position in shares of Simmons First National by 151.6% during the first quarter. Sei Investments Co. now owns 405,336 shares of the bank’s stock worth $7,884,000 after purchasing an additional 244,220 shares in the last quarter. 1492 Capital Management LLC acquired a new position in shares of Simmons First National in the first quarter valued at approximately $3,067,000. Finally, Empowered Funds LLC lifted its holdings in Simmons First National by 33.5% during the 1st quarter. Empowered Funds LLC now owns 625,391 shares of the bank’s stock worth $12,164,000 after buying an additional 157,061 shares in the last quarter. Hedge funds and other institutional investors own 27.58% of the company’s stock.

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.